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
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.
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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:
| 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.
For any admission-related help, sign up for free Shiksha Abroad Counselling. Or you can write to us in the comments below also.
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.
Q: What GPA is needed to go to Ohio State?
Q: Is MIT costly for Indians?
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.
Q: What is the maximum and minimum score in GRE to get admission for MS in USA?
GRE is a popular standardised test for getting admission in MS program in the world. However, there are many universities in the USA that offer admission to MS courses without GRE scores. There is fixed minimum or maximum GRE score for admission. However, even if your GRE score is below the average for a particular program, you may still be considered for admission if you have strong qualifications in other areas. It is adviseble to check university website for the exact information.
Q: How much is the application fee for Alabama University?
The Alabama University application fee for International students vary by application type. Mentioned below are the application fee for UG and PG applications at Alabama:
- UG: USD 40 or INR 3,342.14
- MBA: USD 80 or INR 6,684.28
Q: Is it hard to get into the UTSA in San Antonio Texas?
According to various sources, University of Texas San Antonio has an overall acceptance rate of around 87% which makes it somewhat selective for international student admissions. Some of the general requirements to be considered for admission are given as follows:
- SAT/ACT scores
- Overall Student's GPA
- Letters of Recommendation
- High School Class Rank
- Additional Academic Records
Q: What GPA do I need to get into Northwest Missouri state?
Northwest Missouri State University expects a cumulative GPA of 2 for UG programs and 3 for PG programs on a scale of 4. GPA is one of the top factors when considering students for university admissions. Along with GPA, the university expects a student to provide high school transcripts from previously attended university or school, standardized test scores, English language proficiency test scores, and more. In addition, students with relevant experience in the chosen field are preferred over the studious students.
Q: Is Texas A&M Commerce a good university?
Texas A&M Commerce is regarded as one of the top public universities across the United States. Moreover, the Texas A&M Commerce ranking 2024 under the category of Best Colleges is National Universities is #369. Also, the acceptance rate of this university is 42%. Additionally, the university offers the best academic programs, expert faculty, job & placement, and more. Besides, Texas A&M University-Commerce also offers over 130 academic degrees for its students.
Q: What GPA do you need to get into Iowa State?
International students who wish to study at Iowa State must have at least GPA of 3.0 on a scale of 4.0 for UG and PG admission. International transfer applicants must have a minimum equivalent GPA of C+ on a scale of A to F or 2.25 on a 4.0 scale for all transferable courses.
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There is no minimum GPA score for UG admission at Ohio State. However, International students must have a cumulative GPA of at least 3.0 (on a 4.0 scale or equivalent) for graduate admission. Applicants may submit a standardized test score (GRE or GMAT) if their cumulative GPA is below 3.0 for the last degree.