An Online MBA Program Boosts Salary
An online MBA program can help you advance in your current career, or allow you to make a career change entirely. With this prestigious graduate degree, you can find opportunities in management and leadership, and it's a given that you’ll establish a strong network of professional associations and alliances.
But do you know the difference in annual median salary between an undergraduate business degree recipient and an MBA-holder? The National Association of Student Financial Aid Administrators reports that the difference is roughly $10,000 to $30,000 per year? Averaged over a lifetime of earning, you can make approximately $400,000 more in your career span with an MBA or master’s degree than if you settle for your bachelor‘s degree alone.
It's Time to Consider an Online MBA Program
With statistics as eye-opening as these, it may be time for you to think about taking that next step toward pursuing an MBA degree. First of all, your employer might have a tuition reimbursement program that will pay for your MBA. If you’re still hesitating because you need to hold down a job—or have family obligations—and can’t change your schedule to fit the rigors of a 1- to-2-year MBA program in a traditional classroom setting, you’ll be pleased to know there are other options available. Why not consider online MBA programs for example?
Salaries of Online MBA Program Graduates
If you need further convincing, take a look at PayScale.com's 2011 salary data for MBA-holders by job title, years on the job and geographic location:
| MBA Salary by Job Type | Median Salary |
|---|---|
| Financial Controller | $81,079 |
| Senior Financial Analyst | $73,348 |
| Chief Financial Officer | $125,788 |
| Chief Executive Officer | $162,082 |
| Financial Analyst | $54,820 |
| Marketing Director | $114,678 |
| Project Manager, IT | $91,517 |
| MBA Salary by Years Experience | Median Salary |
|---|---|
| Less than 1 year | $49,539 |
| 1 to 4 years | $58,966 |
| 5 to 9 years | $73,900 |
| 10 to 19 years | $99,411 |
| 20 years or more | $110,964 |
| MBA Salary by City | Median Salary |
|---|---|
| New York | $104,420 |
| Chicago | $98,000 |
| Houston | $81,874 |
| Dallas | $83,271 |
| Atlanta | $86,517 |
| Los Angeles | $92,105 |
| Boston | $97,040 |
Even better, with an online MBA program you can set your own study schedule and attend class at your convenience, avoid fees such as campus parking and commuter costs and set the pace for completion of your online MBA. With these advantages—as well as the boost in salary that you’ll enjoy— it’s time to find the right accredited online MBA degree program today.
Online MBA Career Resource Center
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