Average MBA Salary in USA in 2023

Average MBA Salary in USA in 2023

4 mins read245 Views Comment
Aishwarya Bhatnagar
Study Abroad Expert
Updated on Sep 29, 2023 17:27 IST

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 2022. 

mba salary in usa

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 2022-23

The following MBA salary in the USA stats can be considered if thinking about working in the USA only after the MBA:

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  • As per the US Labor Report 2022, 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 2022 for MBA grads. 
  • The highest employment for management occupations in the USA in 2022 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 2023-24

The following MBA schools are ranked globally by QS and THE for the year 2023 and they are as follows:

Top B-Schools in the USA

QS - Business & Management Subject Rankings 2023

THE - Business & Economics Subject Rankings 2023

Harvard Business School



Stanford Graduate School of Business



MIT - Sloan



Penn (Wharton)



UC Berkeley (Haas)



Northwestern (Kellogg)



NYU (Stern) 



Chicago (Booth)



Columbia Business School



Yale School of Management



Get more details about Top B-Schools in USA here also. 

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Salary of MBA in USA

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:

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


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


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


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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About the Author
Written by
Aishwarya Bhatnagar
Study Abroad Expert

Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio

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Expert in MS in USA

Goldi Mourya is armed with an MBA degree in Human Resource and is a certified ‘Green Belt’ in counselling from UCLA Extension. She has considerable experience in the field of overseas counselling. Goldi is research-... Read Full Bio


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