Master of Business Administration, better known as MBA, is one of the most popular postgraduate studies worldwide, which is commonly recommended to professionals or graduates who want to become specialists, develop skills, and improve management practices. When we decide to study a MBA, one of the first issues is the return of investment, as much as in time as in money, two things that are very necessary to the MBA during the request time and the MBA itself.
Speaking of the monetary topic, a MBA multiplies your salary. Though it might sound as a good marketing catchphrase, the reality is that the salary of most of the Master in Business Administration graduates has increased in a decade.
The regular salary of a MBA graduated, might be around US $135,000, which allows to see a very noticeable increase between the years 2016-2017, before all salaries flatten because of the financial crisis, leaving the salary ranging over $127,000 and increasing over the passage of time.
The best paid sector to a MBA graduated in the ranking list of the popular Financial Times was the financial services, with average salaries of US $159,000 per year, and followed by e-commerce business, with US $154,000 as average.
Obtaining a MBA not only creates a terrific investment, but also, it gives a human enrichment to the student, which changes the way of how to face the issues and makes them more conscious about the role of managers and leaders in influencing different areas. The person becomes more analytic and this might be transmitted to the environment.
Safely, despite of the economic recession, many small, medium, and larger companies are requesting and hiring staff that has taken MBAs. In fact, most of the employers pay double the salary received by other employees who only have undergraduate degrees. It refers to a fair retribution that you would receive after investing in your education of proximately two years and between about 15 thousand and 100 thousand dollars, depending on the type of course and the selected school, without being important the career you have studied. The most common usually are: Accounting, Finance, Computer Science, etc.