The Graduate Management Admissions Council found that 2002 MBA graduates expected a mean salary on graduation of around $75,000. The reality is that most MBA graduates saw a much higher starting salary.
According to a 2002 survey by the Economist Intelligence Unit, the average MBA salary hovered around $84,316. Graduates from the top six schools can expect a six-figure MBA salary plus bonuses.
Given that the average undergraduate starting salary was around S$41,000, an MBA graduate's starting salary represents an increase of $34,000 over undergraduate degrees alone.
Of course, a higher salary isn't the only reason to pursue an MBA, but given that the average full-time student can expect to graduate with debts of around $100,000 assuming they have paid all their own costs – and most have.
# posted by Edward Castro @ 7:45 AM
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