The average MBA salary in the USA for 2024 is USD 115,000 (INR 96,21,802), reflecting high demand for MBA graduates due to their management and leadership skills, with 90% securing jobs offering an average base pay and joining bonus of USD 105,000 (INR 87,53,000), according to US News and the US Bureau of Labor Statistics. The US, known for its top-notch education system and the world's largest economy, is the best country for an MBA. The starting salary of an MBA graduate is highly attractive, with management roles expected to grow by 9% between 2020 and 2030, adding 906,800 new jobs.
Key Highlights of the Blog:
- MBA grads in the USA earn an average hourly wage of $63.08 and a yearly average salary of $115,000.
- The US Labor Report for 2023 revealed that over 9.86 million MBA graduates secured jobs across the USA.
- California stood out with 1,273,760 management positions, offering an average annual salary of $155,120.
- The Securities, Commodity Contracts, and Other Financial Investments and Related Activities industry offered the highest MBA salary of $225,470 in the USA.
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Table of Contents |
Average MBA Graduate Salary in USA in 2024
MBA graduates in the USA command competitive salaries across various specializations, reflecting both industry demand and skill requirements. Here’s a breakdown of average monthly salaries in Indian Rupees (INR) for popular MBA job roles.
Job Title |
MBA Salary in USA in Indian 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 |
MBA Salary in the USA By Specialisation
According to the US Labor Report 2023, the mean starting salary offered by US recruiters to MBA graduates is USD 131,200 (INR 1,09,37,580) per annum. The average base salary of Stanford graduates is above 160,000 USD per annum (INR 1,33,38,520). The MBA salary in the USA varies a lot. This depends on numerous factors such as your school, specialisation, and the recruiter.
The average salary for an MBA in the USA depends on your specialisation. Here we have discussed 5 popular specialisations for MBA in the USA and their possible job opportunities:
1. Investment Banking
Investment banking offers some of the most highly-paid MBA jobs in the US. This specialisation examines the goals and needs of an organization while seeking to raise capital through investment, typically through a retainer. With full access to all financial information of the company, one may formulate strategies and plans for the benefit of the company. The annual average salary after an MBA in the USA in investment banking is USD 65,000 (INR 54,18,770) per year. Mentioned below are the job roles and average salary for an MBA in the USA for investment banking:
|
Job Title |
MBA Salary in USA in USD (per year) |
MBA Salary in USA in Indian Rupees (per year) |
|---|---|---|
|
Financial Analyst |
48,000 - 87,000 |
40,01,550 - 72,52,820 |
|
Executive Assistant |
51,000 - 96,000 |
42,51,650 - 80,03,110 |
|
Investment Banking Analyst |
53,000 - 87,000 |
44,18,380 - 72,52,820 |
2. Information Technology
The salary for an MBA in the USA for the specialisation in Information Technology is USD 89,063 (INR 74,24,800) per annum. The prime role of the IT department is to supervise the company's computer infrastructure and manage network technology, IT security, and the software platforms used by the company. It also includes overseeing other employees’ use of data. Mentioned below are the job roles and average salary for an MBA in the USA for information technology:
|
Job Title |
MBA Salary in USA in USD (per year) |
MBA Salary in USA in Indian Rupees (per year) |
|---|---|---|
|
Systems Administrator |
46,000 - 92,000 |
38,34,820 - 76,69,640 |
|
IT Manager |
57,000 - 125,000 |
47,51,840 - 1,04,20,710 |
|
Senior Software Engineer |
85,000 - 157,000 |
70,86,080 - 1,30,88,420 |
3. Human Resources
An MBA in Human Resources paves the way for a rewarding career. The HR department of the company ensures that all human resources activities comply with local, state, and federal laws. They also need to oversee programs related to employee benefits and initiatives. The average MBA salary in the USA in human resources is USD 65,000 (INR 54,18,770) per year. Mentioned below are the job roles and estimated salary for an MBA in the USA in Human Resources:
|
Job Title |
MBA Salary in USA in USD (per year) |
MBA Salary in USA in Indian Rupees (per year) |
|---|---|---|
|
Human Resources Manager |
50,000 - 96,000 |
41,68,280 - 80,03,110 |
|
Human Resources Specialist |
40,000 - 75,000 |
33,34,630 - 62,52,430 |
|
Human Resources Coordinator |
38,000 - 63,000 |
31,67,890 - 52,52,040 |
4. Finance
Finance is a competitive sector that offers an attractive salary after an MBA in the USA. Working in finance means you will evaluate all financial requirements and goals and formulate an investment strategy beneficial for the organization. All big firms and companies look for financial advisors to manage and keep track of their finances. The average salary of an MBA in the USA for a finance manager is USD 95,515 (INR 79,62,670) per annum. Mentioned below are the job roles and estimated salary for an MBA in the USA in Finance:
|
Job Title |
MBA Salary in USA in USD (per year) |
MBA Salary in USA in Indian Rupees (per year) |
|---|---|---|
|
Senior Financial Analyst |
67,000 - 108,000 |
55,85,500 - 90,03,500 |
|
Financial Controller |
64,000 - 133,000 |
53,35,400 - 1,10,87,640 |
|
Financial Analyst |
51,000 - 88,000 |
42,51,650 - 73,36,180 |
5. Business Analytics
Business Analytics is the top-paying MBA specialisation currently. An MBA in Business Analytics is all about the data to reach valid conclusions and decisions. Leading data-driven analysis, creating analytic models, assisting and developing business strategies, etc. are some responsibilities that business analysts are expected to look after. Mentioned below are the MBA jobs in the US in Business Analytics and their estimated salary packages:
|
Job Title |
MBA Salary in USA in USD (per year) |
MBA Salary in USA in Indian Rupees (per year) |
|---|---|---|
|
Business Strategist Analyst |
50,000 - 96,000 |
41,68,280 - 80,03,110 |
|
Business Application Analyst |
70,000 - 100,000 |
58,35,600 - 83,36,570 |
|
Business & Data Analyst |
40,000 - 90,000 |
33,34,630 - 75,02,910 |
Suggested: MBA Fees in the USA
Average Salary Package for MBA Graduates at Top Universities in the USA
Salary after obtaining an MBA from top universities in the USA can vary significantly based on industry, geographic location, work experience, and the specific business school. However, graduates from top MBA programs generally see substantial increases in their earning potential. Here is an overview of typical post-MBA salaries from some of the top MBA universities in the USA:
|
University |
Average Salary per annum (in USD) |
Average Salary per annum (in INR) |
|---|---|---|
|
198,180 |
1,65,35,050 |
|
|
198,032 |
1,65,22,710 |
|
|
194,363 |
1,62,16,580 |
|
|
196,143 |
1,63,65,100 |
|
|
194,792 |
1,62,52,380 |
|
|
189,342 |
1,57,97,660 |
|
|
175,000 |
1,46,01,040 |
|
|
175,000 |
1,46,01,040 |
|
|
171,000 |
1,42,67,300 |
|
|
165,000 |
1,37,66,700 |
Top Recruiters for MBA Graduates in the USA
A survey by the Graduate Management Council (GMAC) states that the percentage of recruiters hiring MBA graduates has significantly increased from 56% to 96% in the USA. Other countries like Europe show similar findings too. Some top recruiters offering a considerably high MBA salary in the USA include:
|
Recruiter |
Average Salary per annum (in USD) |
Average Salary per annum (in INR) |
|---|---|---|
|
IBM |
161,096 |
1,34,29,880 |
|
Mckinsey & Co. |
156,062 |
1,30,10,220 |
|
Bain & Co. |
156,062 |
1,30,10,220 |
|
JP Morgan |
142,218 |
1,18,56,110 |
|
Apple |
152,286 |
1,26,95,430 |
|
Deloitte |
237,869 |
1,98,30,120 |
|
Goldmann & Sachs |
123,906 |
1,03,29,510 |
|
KPMG |
96,000 |
80,03,110 |
Where and How to Find a High Salary Job in the USA after MBA?
If you have plans to settle or live longer in the USA after completing your MBA course, you must start your preparation early. Here we bring you some important tips to crack job opportunities after an MBA in the USA:
- Personal Networking: You will come across students from many countries while pursuing an MBA in the USA. Getting in touch with them and engaging in productive discussions about jobs and careers is a great way to gather information and ideas. You may also establish close bonds with your professors for the same. Their knowledge and experience will surely be rewarding for your life and career.
- Academic Excellence: An outstanding academic history takes you a long way in life. High scores and extensive knowledge help achieve the jobs of your dreams. Your scores are mostly the first thing that comes to the notice of the recruiters.
- MBA Internships: Internships play a significant role in programs like MBA, where practical experience is valuable. Internships are opportunities to know the industry of your choice and ways to become a part of it. Apart from the knowledge, MBA internships in the USA enhance your networking too.
- Career Profiles and Job Sites: Job sites are the modern platform for you to explore, connect, and collect insights about various recruiters and job roles. Create an impressive job profile and keep a check on the latest vacancies and job openings till you land one.
MBA in USA Without Work Experience
From the Desk of Yocket
The job prospects and salaries are quite high if you complete an MBA from the US. Though your career trajectory will depend on your skills, an average starting salary for MBA grads in the USA is $131,200 (INR 1,09,46,610). It not only allows a high standard of living but also provides a high ROI and future career prospects. If you want to study for an MBA in a top US B-school, trust us.
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