MBA Salaries in Boston

If you’re serious about a career in business, earning your Master of Business Administration (MBA) degree is one of the best investments you can make. According to the Financial Times, MBA graduates typically double their salaries within three years of completing their degree. Here’s a look at what will affect your salary and the kind of earnings you can expect with an MBA degree in Boston, Massachusetts.

What Will Determine Your Salary as an MBA Graduate?

Before we look at salaries in Boston for specific MBA degrees and careers, it’s important to know that a number of factors will contribute to your salary once you earn your MBA degree. Here are some of the key points to think about as you explore different MBA program options.

Quality of MBA Program and Business School

Choosing the right MBA program will not only affect the quality of your education, it can impact your bottom line when you graduate. MBA graduates from accredited business schools and recognized MBA programs will tend to earn higher salaries on average.

Cambridge College is accredited by the New England Commission of Higher Education (NECHE) and was recently ranked #17 in Boston Business Journal's list of "Largest MBA Programs in Massachusetts."

View 10 Reasons to Earn Your MBA at Cambridge College. 

Type of MBA Degree

As you pursue your MBA degree, you may choose different electives based on your specific career goals. As we’ll see later, different focuses can lead to differences in salaries when you graduate. Of course, income isn’t the only consideration when it comes to choosing electives: you want to pursue a professional area that fits your interests and skills, and will lead to a fulfilling career. 

The Cambridge College MBA offers courses in Business Analytics, Human Resource Management, Information Technology Management, Marketing, and Operations Management – allowing you to focus your studies in some of the most high-demand industries in the Boston area.

Learn more about MBA careers in Boston

Work Experience

Education isn’t the only contributing factor to your salary. Employers are looking for MBA graduates who also bring real-world business management experience to their jobs. Whether you’re looking to change careers, or take the next step in the job you already have, continuing to gain professional experience will help increase your salary as an MBA graduate.

Designed specifically for the needs of working professionals, the MBA program at Cambridge College offers convenient evening and weekend classes, and flexible program options that allow you to work at your own pace.

Professional Connections

 There’s an old saying that it’s not what you know, it’s who you know. In today’s competitive, complex global business environment, what you know is more important than ever. But your ability to make the right connections will also be fundamental to your success. Be sure to take every opportunity you can to network and reach out to other professionals in your field.

Cambridge College offers a variety of networking and other career-building opportunities that are built in to the MBA program.

Boston MBA Salary Breakdown by Degree

Now that we’ve covered some of the factors that can contribute to your salary as an MBA graduate, let’s look at specific salary amounts you can expect to earn in the Boston area based on the type of MBA degree you earn.

• Master of Business Administration: $100,660
• MBA in Finance: $109,657
• MBA in Marketing: $100,836
• MBA in Business Management: $106,952

* Source: PayScale.com

Boston MBA Salary Breakdown by Job

According to U.S. News and World Report, MBA grads who enter the consulting industry take home the highest salaries. Other top earning industries include financial services, technology, and health care. Here are average MBA salaries for some of the most popular business management jobs in Boston:

• Product Manager: $114,541
• Business Development Manager: $83,339
• Director of Business Development: $137,446
• Brand Manager: $70,319
• Product Marketing Manager: $112,143

* Source: indeed.com

Get Help Paying for Your Graduate Degree

Earning your MBA is all about return on investment. As you think about ways to maximize your salary benefits, you also want to think about how to minimize your costs. One of the best ways to increase your returns is to take advantage of financial aid opportunities.

Scholarships, grants, loans, work-study, and other forms of financial assistance may be available to you through your business school or federal and state government programs. Look into them all. Many companies also offer financial assistance to help pay for your MBA degree.

More than 60 percent of Cambridge College students receive financial aid.

Learn more about financial aid opportunities at Cambridge College.

Take the Next Step Toward Your MBA Degree

Contact Cambridge College to start your MBA degree and take your career to the next level. We offer convenient evening and weekend classes, affordable tuition, and a generous transfer credit policy.

Learn more about the MBA degree program at Cambridge College.

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