Average MBA Salary in USA in 2024
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For those aiming to pursue an MBA in the USA can choose to apply across 120+ US universities. The main reason to pursue an MBA in the USA is because of the lucrative salary. The MBA salary in the USA on average is USD 115,000 as per US Labor Report 2023.
This article aims to discuss all major aspects of MBA salaries in the USA based on US university of study, job roles and specialisation-based job roles. Check out the article for all the other major details below.
- MBA Salary in USA Highlights 2024
- Best MBA Schools in USA 2024-25
- Salary of MBA in USA 2024-25
- Salaries after MBA in USA
- Average MBA Salary in USA in 2024 FAQs
MBA Salary in USA Highlights 2024
The following MBA salary in the USA stats can be considered if thinking about working in the USA only after the MBA:
- As per the US Labor Report 2023, around 9,860,740 applicants were employed after an MBA in the USA.
- The hourly mean salary for MBA grads in the USA was reported to be USD 63.08.
- Whereas, the annual mean was USD 131,200 as per US Labor Report 2023 for MBA grads.
- The highest employment for management occupations in the USA in 2023 was recorded for California at 1,273,760 and the annual average salary was USD 155,120.
- Management of Companies & Enterprises industry in the USA hired the maximum MBA grads in the USA at an annual average salary of USD 173,020.
- On the other hand, Securities, Commodity Contracts, and Other Financial Investments and Related Activities recorded the highest annual salary of USD 225,470 categorised under top-paying industries in the USA.
Thus, applicants who are pursuing an MBA from the USA, can go for placements and earn higher-end salaries as well.
Best MBA Schools in USA 2024-25
The following MBA schools are ranked globally by QS and THE for the year 2024 and they are as follows:
| Top B-Schools in the USA |
QS - Business & Management Subject Rankings 2025 |
THE - Business & Economics Subject Rankings 2024 |
|---|---|---|
| #1 |
#2 |
|
| #2 |
#13 |
|
| #3 |
#4 |
|
| #4 |
#1 |
|
| #8 |
#11 |
|
| #11 |
#14 |
|
| #13 |
#7 |
|
| #15 |
#5 |
|
| #16 |
#9 |
|
| #17 |
#18 |
Get more details about Top B-Schools in USA here also.
Salary of MBA in USA 2024-25
Let us look at the salary of MBA graduates in the USA based on different parameters in the following sections:
Salary of MBA Grads in USA per Month
The average annual salary of an MBA graduate from the USA is close to USD 115,000. Apart from this MBA salaries vary per specialisation and job role take up. The following table throws light on MBA salary in the USA in Rupees per Month:
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| MBA Grads in USA |
MBA Grads Salaries in Rupees per Month |
|---|---|
| Information Technology Management |
INR 11,00,650 |
| Business Development Manager |
INR 9,38,546 |
| Marketing Manager |
INR 9,34,663 |
| Financial Manager |
INR 7,45,183 |
| Health Administration |
INR 7,28,550 |
| Project Manager |
INR 6,04,821 |
| Financial Advisors |
INR 5,63,026 |
| Human Resources |
INR 5,57,191 |
| Data Analysts |
INR 5,33,131 |
| Operations Manager |
INR 5,03,638 |
For Indian-origin MBA grads working in the USA, as per the Indian currency, they can earn up to INR 11 Lakhs based on the kind of job role they get.
Specialization wise MBA Salaries in USA
MBA grads who complete their MBA from the USA and pursue certain specialisations can go for certain job roles in the corresponding area based on their interests. Check out the details about MBA salaries in the USA based on specialisations taken up by applicants and going for jobs in those areas of study:
| MBA Grads' Job Roles in USA |
Average Annual Salary (USD) |
Average Annual Salary in Rupees |
|---|---|---|
| Finance |
||
| Financial Manager |
USD 107,658 |
INR 89,42,196 |
| Senior Financial Analyst |
USD 93,853 |
INR 77,96,120 |
| Financial Analyst |
USD 75,572 |
INR 62,77,566 |
| Information Technology |
||
| IT Management Consultant |
USD 152,177 |
INR 1,26,40,940 |
| Systems Software Manager |
USD 1,91,939 |
INR 1,59,43,865 |
| Data Processing Manager |
USD 81,944 |
INR 68,06,871 |
| Marketing |
||
| Customer Engagement Analyst |
USD 135,000 |
INR 1,12,14,092 |
| Marketing Program Manager |
USD 86,476 |
INR 71,83,332 |
| Brand Analyst |
USD 80,000 |
INR 66,45,388 |
| Investment Banking |
||
| Investment Associate |
USD 118,608 |
INR 98,52,452 |
| Investment Banking Analyst |
USD 80,041 |
INR 66,48,794 |
| Senior Investment Associate |
USD 66,639 |
INR 55,35,525 |
| Business Analytics |
||
| Business Strategist Analyst |
USD 97,903 |
INR 81,32,543 |
| Business Application Analyst |
USD 87,149 |
INR 72,39,237 |
| Business & Data Analysts |
USD 62,000 |
INR 51,50,176 |
These job roles after an MBA in the USA are not limited to these areas of study, rather applicants can also go for jobs that suit them the best.
Salaries after MBA in USA
Students who graduate from top MBA colleges in the USA can get placements from their respective universities. The top universities in the USA offering MBA can offer the following average salaries:
| Top MBA Offering Universities in USA |
Average Salaries Offered to MBA Grads |
|---|---|
| Harvard University |
USD 198,180 |
| Stanford University |
USD 198,032 |
| Columbia University |
USD 194,363 |
| New York University |
USD 196,143 |
| The University of Chicago |
USD 194,792 |
| Northwestern University |
USD 189,342 |
| University of Pennsylvania |
USD 175,000 |
| Yale University |
USD 175,000 |
| University of California, Berkeley |
USD 171,000 |
| MIT |
USD 165,000 |
Overall, it can be concluded that MBA salaries in the USA are very high and the top-paying specialisation is Business Analytics. Applicants who are looking for management courses at the master’s level can apply for an MBA in the USA.
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Average MBA Salary in USA in 2024 FAQs
Q. How much does MBA pay USA?
A. As per ZipRecruiter, MBA grads pay in USA is around USD 125,500 which is the 25th percentile. However, the salaries flling below this slab are outliers. USD 200,000 is the 75th percentile.
Q. Which type of MBA has highest salary in USA?
A. Some of the highest paying MBA specialisations are:
- Business Analytics
- Information Technology
- Finance
- Marketing
Q. Is MBA a high paying job in USA?
A. Yes, MBA is a very highly paying job in USA. The median starting salary for an MBA in the US falls between USD 115,000 – USD 120,000i. The base salaries for more advanced roles after an MBA can range from USD 275,000 to USD 700,000. The salaries can increase rapidly, especially in the consulting industry, base salaries can go upto USD 220,000 – USD 240,000 in the second to third year.
MIT is not costly for Indian students. Applicants can study BTech program at affordable tuition fees as compared to other BTech colleges in the USA. The MIT BTech fees is around INR 50 L to INR 52 L.
As per an unofficial source, the University of Illinois Chicago ranked at #80 among national universities which is better than the NIU ranking at #273 position. The UIC is also exceeding in terms of graduation rates and easier selection than NIU. However, the tuition cost is more affordable at Northern Illinois University as compared to UIC. Students can get more clarity from the comparison table given below:
Particulars | University of Illinois Chicago | Northern Illinois University |
|---|---|---|
US News National Rankings 2024 | #80 | #273 |
Acceptance Rate | 79% | 70% |
Graduation Rate | 40% | 33% |
Tuition Cost | UG: INR 22L-INR 49L PG: INR 13L-INR 37L | UG: INR 10L-INR 16.5L PG: INR 8L-INR 45L |
Student-faculty ratio | 17:1 | 14:1 |
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