By Clare Kaufman
1. Master of Business Administration (MBA)
There's a reason the MBA is the most popular graduate degree program on campus. Business school graduates experience an average 35 percent increase from their pre-MBA salary. Entry-level MBAs can expect a paycheck 71 percent higher than they would have received with a bachelor's degree. Those bonuses more than offset the cost of tuition.
Financially savvy MBA candidates can lessen the impact of tuition costs by continuing to work and taking advantage of low-interest student loans. A U.S. Department of Education study found that three out of four business school students worked more than 35 hours per week while completing their MBA. Online MBA programs play a role in this trend, allowing working adults to work toward the degree after business hours.
There's a reason the MBA is the most popular graduate degree program on campus. Business school graduates experience an average 35 percent increase from their pre-MBA salary. Entry-level MBAs can expect a paycheck 71 percent higher than they would have received with a bachelor's degree. Those bonuses more than offset the cost of tuition.
Financially savvy MBA candidates can lessen the impact of tuition costs by continuing to work and taking advantage of low-interest student loans. A U.S. Department of Education study found that three out of four business school students worked more than 35 hours per week while completing their MBA. Online MBA programs play a role in this trend, allowing working adults to work toward the degree after business hours.
Bottom Line: Two years in business school will pay dividends for a lifetime--both in terms of higher pay and broader career opportunities.
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