MBA Salary: How Much Do MBAs Make?
The median annual MBA salary was $115,000 in 2021, according to a recruiter survey from Graduate Management Admission Council. After dropping to $105,000 in the midst of the COVID-19 outbreak in 2020, median annual salaries have returned to a pre-pandemic and all-time high.
Having an MBA degree creates opportunities for professionals to access many desirable and high-paying positions in organizations around the world. This guide breaks down the MBA salary potential within popular specializations and career paths.
What's the average salary for an MBA graduate?
While MBA graduates can expect competitive wages in general, many factors help determine what professionals in this field make.
Your MBA concentration, chosen industry and position, and practical and relevant experience can give you an advantage when you negotiate salary. The MBA program and school prestige can also influence employer decisions.
Students should consider all these factors when pursuing specific training and career paths. To help make your MBA worth it for you, look at the fields that provide the best growth opportunities and MBA salary potential.
MBA Salary: Average Base Pay
| Profession | Avg Base Salary | Sample Job Title |
Information Technology | $111,000 | IT Director |
Real Estate | $105,000 | Development Manager |
Consulting | $101,000 | Strategy Consultant |
Finance | $101,000 | Finance Director |
Cybersecurity | $98,000 | Program Manager |
International Business | $98,000 | Development Director |
Marketing | $95,000 | Senior Project Manager |
Supply Chain | $95,000 | Director of Operations |
Management | $89,000 | Director of Operations |
Sustainability | $86,000 | Project Management Consultant |
Healthcare Managment | $85,000 | CNO, Executive Director |
Accounting | $77,000 | Senior Finanace Manager |
Human Resources | $70,000 | Senior HR Manager |
Top-paying MBA jobs, by specialized field
MBA salaries depend on the industry. Specialized careers offer more limited job openings but high salaries.
Here, we explore the top-paying MBA jobs by specialization and industry and highlight a few of the top careers in these areas.
Accounting
With accounting MBA, you can access accounting and financial management positions. According to PayScale, the average base salary for professionals in this field is $77,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $128,000.
Chief financial officer (CFO)
Vice president of finance
Senior finance manager
Consulting
A consulting MBA can lead to many management, analyst, and consulting careers. The average base salary for professionals in this field is $101,000. The positions below pay the highest salaries in this discipline, all exceeding an average annual wage of $106,000.
Management consultant
Strategy consultant
Senior managing consultant
Cybersecurity
Cybersecurity MBA concentrations open the door to computer, data, and security management careers. The average base salary for professionals in this field is $98,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $135,000.
Information security manager
IT program manager
Chief information officer (CIO)
Entrepreneurship
Entrepreneurship MBA concentrations can lead to careers in all areas of business management. The average base salary for professionals in this field is $103,000. The positions below pay the highest MBA salaries in this discipline. Each exceeds an average annual wage of $117,000.
Chief operating officer (COO)
Chief Executive officer (CEO)
Business development director
Executive
An executive MBA may lead to opportunities in the highest levels of business management. The average base salary for professionals in this discipline is $120,000. These positions pay the highest salaries in this discipline, all exceeding an average annual wage of $159,000.
Chief executive officer (CEO)
Chief financial officer (CFO)
President
Finance
A finance MBA concentration prepares graduates for many financial management careers. The average base salary for professionals in this field is $101,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $138,000.
Chief financial officer (CFO)
Finance director
Vice president of finance
Healthcare management
With a healthcare management MBA, graduates can access many senior-level management careers in the healthcare industry. The average base salary for professionals in this field is $85,000. The positions below pay the highest salaries in this discipline. All exceed an average annual wage of $106,000.
Chief nursing officer (CNO)
Nursing manager
Executive director
Human resources
A human resources MBA concentration opens the door for various business management and administration careers. The average base salary for professionals in this field is $70,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $93,000.
Vice president of human resources
Senior human resources manager
Director of human resources
Information technology
With an MBA in information technology, graduates can pursue most computer systems management careers. The average base salary for professionals in this discipline is $111,000. The positions below pay the highest MBA salaries in this discipline. Each exceeds an average annual wage of $135,000.
Information technology director
Chief information officer (CIO)
Chief technology officer (CTO)
International business
An MBA in international business creates opportunities for business management careers within global organizations. The average base salary for professionals in this field is $98,000. The following positions pay the highest salaries in this discipline, all exceeding an average annual wage of $142,000.
Business development director
Chief operating officer (COO)
Vice president of marketing
Management
An MBA in management grants access to most general business management occupations. The average base salary for professionals in this field is $89,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $98,000.
Executive director
Director of operations
Quality manager
Marketing
Graduates with an MBA in marketing can pursue most marketing management careers. The average base salary for professionals in this field is $95,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $115,000.
Vice president of marketing
Senior product manager
Marketing director
Nonprofit business management
Nonprofit business management MBA concentrations lead to management careers in community, national, and international nonprofits. The average base salary for professionals in this field is $69,000. These positions pay the highest salaries in this field. All exceeding an average annual wage of $100,000.
Executive director of nonprofit
Chief operating officer (COO)
Chief executive officer (CEO)
Operations management/supply chain management
An MBA in operations management or supply chain management prepares graduates for careers managing logistics and production. The average base salary for professionals in this field is $95,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $124,000.
Director of operations
Director of supply chain management
Vice president of operations
Organizational leadership
With an organizational leadership MBA, graduates can access most management and organizational development positions. The average base salary for professionals in this field is $87,000. The positions below pay the highest salaries in this discipline. Each exceeds an average annual wage of $110,000.
Human resources director
President
Vice president of human resources
Project management
A project management MBA prepares graduates to oversee and lead large-scale projects and operations. The average base salary for professionals in this field is $84,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $104,000.
Senior project manager
Senior program manager
Vice president of operations
Public administration
A public administration MBA typically leads to management careers in organizations that serve the community and public. The average base salary for professionals in this field is $77,000. The positions below pay the highest salaries in public administration. All exceed an average annual wage of $111,000.
Human resources manager
Program director
Administrative director
Public relations
Graduates with a public relations MBA have access to careers in marketing and communications management. The average base salary for professionals in this field is $66,000. The positions below pay the highest salaries in this field, all exceeding an average annual wage of $81,000.
Marketing communications manager
Public relations manager
Manager of client services
Real estate
A real estate MBA opens the door to careers involving real estate transactions and management. The average base salary for professionals in this field is $105,000. The positions below pay the highest MBA salaries in this discipline, all exceeding an average annual wage of $111,000.
Real estate development manager
Vice president of real estate acquisitions
Director of property management
Strategy
A strategy MBA concentration leads to senior-level management and large-scale project management careers. Tthe average base salary for professionals in this field is $122,000. These positions pay the highest salaries in this discipline, all exceeding an average annual wage of $151,000.
Director of strategy
Chief operating officer (COO)
President
Sustainability
Graduating with a sustainability MBA concentration can create opportunities managing environmental and green initiatives for organizations. The average base salary for professionals in this field is $86,000. The positions below pay the highest salaries in this discipline. All exceed an average annual wage of $111,000.
Sustainability director
Project management consultant
Strategic partnership manager
Unless otherwise noted, salary data is drawn from PayScale as of March 7, 2022.