I have one year of work experience post-undergraduate. I am basically at an entry-level salary.
I would like to know if a Master's in Management degree increase my salary? This would be one of my primary goals in pursuing a business degree.
Will a Master’s in Management degree increase my salary?
Posted Feb 20, 2020
I have one year of work experience post-undergraduate. I am basically at an entry-level salary.
I would like to know if a Master's in Management degree increase my salary? This would be one of my primary goals in pursuing a business degree.
I would like to know if a Master's in Management degree increase my salary? This would be one of my primary goals in pursuing a business degree.
Posted Feb 20, 2020
Yes, handsomely. The minority of students who work before a MiM—which is a program generally for fresh undergraduates with little or no work experience—will increase their pay by an average of $30,000 a year after their degree, according to the Graduate Management Admission Council. Astonishingly, this matches the absolute rise a typical graduate of an MBA program—which is for experienced professionals—will enjoy in the same period.
This means MiM graduates can recoup the tuition fees and living expenses typically incurred during the MiM within the first year on the job, says GMAC.
There is very little research into the long-term career progress of MiM graduates. But it is possible that the earning power of MiMs and MBAs converges. MBAs take two years out of work, generally, while MiMs can work uninterrupted from their early 20s. A decade later, it’s feasible that MiMs and MBAs will earn roughly the same amount. MiMs just front-load their learning.
This means MiM graduates can recoup the tuition fees and living expenses typically incurred during the MiM within the first year on the job, says GMAC.
There is very little research into the long-term career progress of MiM graduates. But it is possible that the earning power of MiMs and MBAs converges. MBAs take two years out of work, generally, while MiMs can work uninterrupted from their early 20s. A decade later, it’s feasible that MiMs and MBAs will earn roughly the same amount. MiMs just front-load their learning.
Yes, handsomely. The minority of students who work before a MiM—which is a program generally for fresh undergraduates with little or no work experience—will increase their pay by an average of $30,000 a year after their degree, according to the Graduate Management Admission Council. Astonishingly, this matches the absolute rise a typical graduate of an MBA program—which is for experienced professionals—will enjoy in the same period.
This means MiM graduates can recoup the tuition fees and living expenses typically incurred during the MiM within the first year on the job, says GMAC.
There is very little research into the long-term career progress of MiM graduates. But it is possible that the earning power of MiMs and MBAs converges. MBAs take two years out of work, generally, while MiMs can work uninterrupted from their early 20s. A decade later, it’s feasible that MiMs and MBAs will earn roughly the same amount. MiMs just front-load their learning.
This means MiM graduates can recoup the tuition fees and living expenses typically incurred during the MiM within the first year on the job, says GMAC.
There is very little research into the long-term career progress of MiM graduates. But it is possible that the earning power of MiMs and MBAs converges. MBAs take two years out of work, generally, while MiMs can work uninterrupted from their early 20s. A decade later, it’s feasible that MiMs and MBAs will earn roughly the same amount. MiMs just front-load their learning.
