Find out Starting Salary by Degree Program: MBA at Number 4

Once students evaluate their interest in a chosen field, they focus on the earning potential and job opportunities available with the degree. Michigan State University’s annual recruiting trends report(US) covers some interesting statistics on the average starting salary of candidates with degree programs, master’s program including MBA, and PHD program.

PHD in Engineering fetches the largest starting salary of $71,742, followed by PHD in Pharmacy and PHD in law. For Management students, an MBA on an average increases the starting salary by $12,000 per year, regardless of the reputation. Professionals with MBA take the fourth position with a starting salary of $56,726 followed by Business Professionals with a PHD.

Students with a master’s degree program earn 3% to 63% higher starting salary than their Bachelor’s degree counterparts, and PHD students earn 20 to 25% higher salary than their Master’s degree counterpart. The only exception that we have seen is for candidates with PHD in Business, who earns 4.7% lesser salary than an MBA.

Here is the complete list of Starting Salary Based on Degree Program including MBA