MBA Salaries
Besides the base salary, the total compensation earned yearly include bonus of around $25,000 and other benefits, including tuition reimbursement, car allowances, and relocation that add about $15,000 on an average. The base salary and bonus may vary from one company to another. Some companies offer a higher base salary and fewer bonuses, while others offer a high year-end bonus.
Business companies look for MBA graduates to widen their business areas to get more profit. A professionally qualified MBA graduate can assist the company to meet the business targets. As the profit level of a company increases, there may be increases in the remuneration to its staff. This is the main factor that increases the average salary of a business professional. Also, some leading business companies offer competitive and exciting salaries and benefits to qualified and experienced MBAs solely to attract them. Year-after-year the salary scale goes up; each year showing a large difference with its preceding year.
A significant salary change can be seen in a person's salary if he or she completes an MBA program while working in an organization. But, there are a number of factors determining the salary offer like the area of specialization, prior earnings profile, pre-MBA work experience, geographic location and cost of living, and the academic record in the business school he or she attends. Compensation packages will also be offered. Consider a person working in a reputed business company earning a salary of $25,000 per year; the salary will increase up to $50,000 or $60,000 after his MBA graduation.
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