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Executive MBA Salary and Scope in the US

What is waiting for you on the other side of an executive MBA? What salary can you command? What jobs can you apply for?

An executive MBA is an exceptionally useful tool to fast-track your knowledge and career. If you have a few years of experience, then an executive MBA or EMBA is a great option to give your career a big boost. Unlike many other degrees that usually leave you in debt for years later, an executive MBA gives you results almost immediately with a salary, promotion, increased responsibilities, immediate hire, or all of these results. Possibly the most anticipated result among those is the increase in salary. There’s immensely good news on that front. The 2020 EMBAC Student Exit Survey says that EMBA graduates received a 14.1 percent increase in their compensation (salary and bonus combined).

An executive MBA is said to pay for itself in a fairly low amount of time. While some take about 5 to 7 years to pay off, some take only 17 months. With a significant jump in income of an executive MBA salary, it is not surprising that students are able to pay off their loans in such a short amount of time. To make things better, many executive MBA students are offered jobs and increments while they are still completing the program. This secures your immediate future once you have graduated. Many universities also give you career support to ensure you follow the right steps to maximize the value of your executive MBA when you are looking for jobs.

According to an article by MBA Crystal Ball an executive MBA salary in the US can range anywhere between $152,300 to $308,300. The range depends highly on the school you attend, including Yale SOM, UC Berkeley Haas, MIT Sloan, University of Chicago Booth, Northwestern Kellogg, University of Pennsylvania – Wharton, UCLA Anderson, Columbia Business School, and University of Maryland-Robert H. Smith School of Business.

With some respect to your position before the executive MBA, you can expect to get a number of senior executive and top-tier level positions at companies. PayScale looks at some of the different positions you can fill after an executive MBA and the average salaries for these positions, such as;

  • Chief Executive Officer ($209,000)
  • Chief Financial Officer ($158,000)
  • Vice President of Operations ($160,000)
  • Director of Operations ($124,000)
  • Executive Director ($123,000)
  • Chief Operating Officer ($$180,000)
  • President ($185,000)

While an executive MBA can give you all the training and skills you need in leadership and management, it can also give you industry specific training in fields such as IT or healthcare. Here it can widen your knowledge base and skill set in that particular industry.

So no matter what industry you are in or at what position, if you have a few years of working experience, you can find an executive MBA that will help you boost your career.

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