Are you aspiring for an MBA, but are not sure if it’s worth the tuition cost you will be paying and time spent? If this is the issue with you, then think again.
The management programs are the dream for managers and owing to it from the Top, B-school can be a bonus in their resume. Aspiring ahead, you should know what you are looking for and which industry you will be trying to make an entry after the completion of the course. Have a look at the salary packages offered to the previous students and the pattern of placement before you step in.
Owing to the similar situation, you should know that financial odds are working in your favor. The average salary of the business schools in the United States stands at $110,000 in 2017. The jump was about 10,000$ over the 2015s salary. All over the world, about more than half of the employers are planning to raise the initial payscale of the salary as per the rate of inflation.
An MBA Graduate Salary:
While pursuing an MBA program, always try to focus on data analytics and how they are driving success in any business. While hiring MBAs, the corporate recruiters look ahead to emphasize the importance of previous work history, excellent communication skills, and also proven facility attached to the quantitative and technical side of the business.
Have a look at various other factors influencing the earnings and employability of the MBA degree holders
Let’s have a look at the salary breakdown of MBA graduates:
1. Human resource manager:
Evey human resource manager works well to inspire the employees. Having a look at the function, they look ahead at recruitments, hiring formalities, and interviewing of would-be employees. They oversee employee-focused and regulatory compliance services like benefits and training. They work for resources effectiveness and can often help in restructuring the organization according to the budgetary needs.
The HR field can help the manager in specializing in benefits and compensation for recruiting and training. The role of HR requires a person to have problem-solving and diplomatic skills for solving workplace conflicts.
The average salary of a human resource manager is 113,300$.
2. Sales Manager:
For the sales manager, whether they work in a small office or a big global office of any company, they tend to play the crucial role in moving the services and goods from the business towards the consumer. Their role hardly changes for setting up sales goals, reports, and monitoring the results while adapting new means accordingly. The sales manager looks ahead to work closely with various account representatives, training, advising, and hiring people based on their performances.
Technology plays a vital role in any sales manager’s life. From operating the business intelligence software to the other project management tool, these professionals look ahead to monitor the metrics that can break or make the sales team. Social intelligence and communication skills are the two attributes required for being a successful sales manager.
The average salary of a sales manager is 124,220$.
3. Financial Manager:
The economic managers are very much known to take care of the financial health of any organization, Their key role as monitor business performance in various verticals, Being business navigators, they are allowed to plan for investments and the other long-term strategy for your business.
The technical tools like accounting software and ERP tools, the financial managers tend to coordinate and also direct various budgeting and planning activities for their enterprises. They manage a team for employees being responsible for regular accounting roles like billing, collections, payroll, and reporting. They should be proficient in problem-solving skills and hone the facility for anticipating potential roadblocking events to financial success.
The average salary of a financial manager is 127,990$.
4. IT Manager:
The IT manager demand is growing every year and is expected to be growing with a figure of 12% until 2026. The IT executive managers and directors lead all IT-related activities in the companies. They are known to be involved in planning, hardware purchaser and are one of the essential ingredients of a desktop support team. At the strategic level, they can consult with executives for setting up business goals and computer system designs to support them.
Honing problem-solving and analysis skills, the IT pros focus on network security and computer maintenance. They recommend upgrades, analyze various technical needs, and conduct analysis for upcoming projects.
The average salary of an IT manager is 142,530$.
The MBA holders are the best fit for the chief information officer, also working for setting up the technology strategy for any organization.
The salary structure of the MBA holders depends upon the employers and their company policies. The next important factor in deciding the salary structure is the geographical location and state policies. Some enterprises have the globalized pay scale for everyone, while others have different depending upon the people where they are working. Before getting employed, knowing about the salary structure of the company is very important for potential employees. Try to have a look before you make your final commitment.