What Are Average MBA Starting Salaries for Graduates?
MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from University of Northern Colorado, the average MBA graduate annual salary is $34,100. A degree from The University of Chicago, will provide an annual salary of $206,000. The average MBA starting salary for graduates from all AACSB accredited MBA programs is $85,550.
Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in business administration can be significantly higher than those of graduates with only a bachelor’s degree in business. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 6.9% each year through the year 2028 with an annual need of 230,000 new managers needed each year.
25 Highest MBA Starting Salaries for MBA Graduates
- The University of Chicago - $206,000.00
- Columbia University - $205,000.00
- Duke University - $205,000.00
- Harvard University - $205,000.00
- Dartmouth College - $205,000.00
- The University of Michigan - $200,000.00
- Massachusetts Institute of Technology - $199,370.00
- University of California, Berkeley - $194,740.00
- Yale University - $190,000.00
- Carnegie Mellon University - $189,275.00
- Stanford University - $187,504.00
- University of Miami - $187,504.00
- Georgetown University - $181,854.00
- The University of Texas at Austin - $180,000.00
- New York University - $175,000.00
- University of Pennsylvania - $175,000.00
- University of California, Los Angeles - $172,800.00
- Northwestern University - $170,000.00
- Cornell University - $161,967.00
- University of Wisconsin-Madison - $159,583.00
- University of California, Irvine - $158,000.00
- University of Washington Tacoma - $151,322.00
- University of Washington - $151,116.00
- Vanderbilt University - $150,246.00
- Georgia Institute of Technology - $150,246.00
25 Lowest MBA Starting Salaries for MBA Graduates
- University of Northern Colorado - $34,100.00
- Youngstown State University - $37,590.00
- University of North Alabama - $38,295.00
- University of New Orleans - $38,410.00
- Murray State University - $38,473.00
- Clayton State University - $40,000.00
- Francis Marion University - $42,600.00
- Southern Illinois University Carbondale - $43,087.00
- South Carolina State University - $43,200.00
- Drury University - $43,520.00
- Western Carolina University - $44,100.00
- Arkansas Tech University - $44,250.00
- Ball State University - $44,394.00
- University of Houston-Victoria - $44,888.00
- McNeese State University - $45,000.00
- Western Washington University - $45,272.00
- Pittsburg State University - $45,600.00
- Kutztown University of Pennsylvania - $45,699.00
- The University of Memphis - $45,882.00
- The University of North Dakota - $46,200.00
- Delaware State University - $46,300.00
- Millsaps College - $46,750.00
- Stockton University - $47,700.00
- Southeastern Louisiana University - $47,900.00
- North Carolina Central University - $48,300.00
Best MBA Starting Salaries for Graduates
ROI for MBA Programs: In-State Tuition / MBA Starting Salary
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | The University of Chicago | 235.00% | $87,354 | $206,000 | IL | No |
| 2 | Columbia University | 224.00% | $91,172 | $205,000 | NY | No |
| 2 | Dartmouth College | 243.00% | $84,250 | $205,000 | NH | No |
| 3 | Duke University | 253.00% | $81,000 | $205,000 | NC | Yes |
| 4 | Harvard University | 260.00% | $78,700 | $205,000 | MA | No |
| 6 | The University of Michigan | 262.00% | $76,152 | $200,000 | MI | Yes |
| 7 | Massachusetts Institute of Technology | 220.00% | $89,000 | $199,370 | MA | No |
| 8 | University of California, Berkeley | 253.00% | $76,788 | $194,740 | CA | No |
| 9 | Yale University | 216.00% | $87,800 | $190,000 | CT | No |
| 10 | Carnegie Mellon University | 232.00% | $81,340 | $189,275 | PA | Yes |
| 11 | Stanford University | 218.00% | $85,755 | $187,504 | CA | No |
| 11 | University of Miami | 153.00% | $121,980 | $187,504 | FL | Yes |
| 13 | Georgetown University | 250.00% | $70,108 | $181,854 | DC | Yes |
| 14 | The University of Texas at Austin | 334.00% | $53,818 | $180,000 | TX | No |
| 15 | New York University | 201.00% | $86,916 | $175,000 | NY | No |
| 15 | University of Pennsylvania | 198.00% | $87,970 | $175,000 | PA | No |
| 17 | University of California, Los Angeles | 220.00% | $78,350 | $172,800 | CA | No |
| 18 | Northwestern University | 196.00% | $86,370 | $170,000 | IL | No |
| 19 | Cornell University | 94.00% | $173,192 | $161,967 | NY | No |
| 20 | University of Wisconsin-Madison | 432.00% | $36,921 | $159,583 | WI | Yes |
| 21 | University of California, Irvine | 235.00% | $67,070 | $158,000 | CA | No |
| 22 | University of Washington Tacoma | 206.00% | $68,224 | $151,322 | WA | No |
| 23 | University of Washington | 356.00% | $42,405 | $151,116 | WA | No |
| 24 | Georgia Institute of Technology | 201.00% | $74,500 | $150,246 | GA | No |
| 24 | Vanderbilt University | 201.00% | $74,500 | $150,246 | TN | No |
| 26 | Rice University | 197.00% | $76,073 | $150,000 | TX | Yes |
| 27 | The Ohio State University | 475.00% | $31,316 | $149,006 | OH | Yes |
| 28 | The University of Georgia | 971.00% | $15,334 | $149,000 | GA | Yes |
| 29 | University of Southern California | 180.00% | $79,893 | $144,442 | CA | Yes |
| 30 | Babson College | 159.00% | $89,550 | $142,871 | MA | Yes |
| 31 | The University of North Carolina at Chapel Hill | 253.00% | $55,416 | $140,490 | NC | Yes |
| 32 | Michigan State University | 379.00% | $36,981 | $140,298 | MI | Yes |
| 33 | University of Rochester | 220.00% | $62,666 | $138,300 | NY | Yes |
| 34 | Boston College | 223.00% | $61,584 | $137,500 | MA | No |
| 35 | Indiana University Bloomington/Indianapolis | 230.00% | $57,984 | $135,742 | IN | Yes |
| 36 | Northeastern University | 200.00% | $64,570 | $135,000 | MA | Yes |
| 36 | The University of Arizona | 286.00% | $47,184 | $135,000 | AZ | Yes |
| 38 | Texas A&M University | 211.00% | $63,000 | $133,075 | TX | No |
| 39 | University of Minnesota | 276.00% | $47,652 | $131,972 | MN | Yes |
| 40 | Tulane University | 173.00% | $75,000 | $130,000 | LA | Yes |
| 40 | University of Florida | 422.00% | $30,771 | $130,000 | FL | Yes |
| 41 | University of Notre Dame | 177.00% | $73,260 | $130,000 | IN | No |
| 42 | Washington University in St. Louis | 185.00% | $70,250 | $130,000 | MO | Yes |
| 44 | University of Nebraska-Lincoln | 380.00% | $34,080 | $129,985 | NE | Yes |
| 45 | Santa Clara University | 134.00% | $96,670 | $129,880 | CA | Yes |
| 46 | Southern Methodist University | 204.00% | $63,084 | $129,150 | TX | Yes |
| 47 | Howard University | 161.00% | $78,820 | $127,223 | DC | No |
| 48 | The Pennsylvania State University Great Valley | 320.00% | $39,435 | $127,000 | PA | Yes |
| 48 | The University of Texas at Dallas | 351.00% | $36,118 | $127,000 | TX | Yes |
| 50 | New York Institute of Technology | 227.00% | $55,440 | $126,068 | NY | Yes |
| 51 | University of California, San Diego | 185.00% | $68,000 | $126,000 | CA | No |
| 52 | St. Cloud State University | 16,000.00% | $78,003 | $125,414 | MN | Yes |
| 53 | Case Western Reserve University | 215.00% | $58,000 | $125,000 | OH | No |
| 53 | Virginia Polytechnic Institute and State University | 362.00% | $34,500 | $125,000 | VA | Yes |
| 55 | Fordham University | 194.00% | $63,800 | $124,000 | NY | Yes |
| 56 | Kennesaw State University | 559.00% | $21,990 | $123,000 | GA | Yes |
| 57 | Emory University | 78.00% | $153,800 | $121,380 | GA | No |
| 58 | Weber State University | 1,170.00% | $10,332 | $121,000 | UT | Yes |
| 59 | Brigham Young University | 370.00% | $31,984 | $120,881 | UT | No |
| 60 | University of Washington Bothell | 130.00% | $28,410 | $120,800 | WA | No |
| 61 | University of Maryland | 120.00% | $95,013 | $120,446 | MD | Yes |
| 62 | Hofstra University | 180.00% | $64,800 | $120,000 | NY | Yes |
| 62 | Seaver College | 149.00% | $80,415 | $120,000 | CA | Yes |
| 63 | Suffolk University | 177.00% | $67,464 | $120,000 | MA | Yes |
| 64 | University of Utah | 392.00% | $30,600 | $120,000 | UT | Yes |
| 66 | Grand Valley State University | 230.00% | $51,960 | $119,966 | MI | No |
| 67 | Worcester Polytechnic Institute | 104.00% | $45,000 | $119,061 | MA | Yes |
| 68 | Johns Hopkins Carey Business School | 82.00% | $144,000 | $118,758 | MD | Yes |
| 68 | Marquette University | 82.00% | $144,000 | $118,758 | WI | Yes |
| 70 | The University of Iowa | 351.00% | $33,750 | $118,569 | IA | No |
| 71 | Boston University | 169.00% | $69,870 | $118,566 | MA | Yes |
| 72 | The George Washington University | 174.00% | $67,800 | $118,000 | DC | No |
| 73 | Saint Mary’,s College of California | 250.00% | $46,404 | $117,200 | CA | Yes |
| 74 | Texas A&M University-Texarkana | 1,139.00% | $9,496 | $115,585 | TX | No |
| 75 | California State University, Chico | 383.00% | $30,000 | $115,000 | CA | Yes |
| 75 | John Carroll University | 320.00% | $35,550 | $115,000 | OH | Yes |
| 76 | The Pennsylvania State University | 135.00% | $84,576 | $115,000 | PA | Yes |
| 77 | Wright State University | 310.00% | $23,400 | $115,000 | OH | Yes |
| 78 | University of the District of Columbia | 338.00% | $33,948 | $115,000 | DC | No |
| 80 | Syracuse University | 109.00% | $105,030 | $114,812 | NY | Yes |
| 81 | Saint Joseph's University | 255.00% | $44,640 | $114,000 | PA | Yes |
| 82 | Rutgers-The State University of New Jersey-Camden | 140.00% | $55,146 | $113,372 | NJ | Yes |
| 83 | Yeshiva University | 114.00% | $50,988 | $113,214 | NY | Yes |
| 84 | Dominican University | 253.00% | $26,670 | $113,000 | IL | Yes |
| 84 | Texas Christian University | 83.00% | $136,140 | $113,000 | TX | Yes |
| 85 | Dominican University of California | 220.00% | $40,356 | $113,000 | CA | Yes |
| 87 | University of Kentucky | 336.00% | $33,264 | $112,000 | KY | Yes |
| 87 | University of Tennessee at Knoxville | 378.00% | $29,600 | $112,000 | TN | Yes |
| 89 | Northern Illinois University | 285.00% | $39,000 | $111,340 | IL | Yes |
| 90 | Purdue University | 318.00% | $34,944 | $111,284 | IN | Yes |
| 91 | University of Cincinnati | 478.00% | $23,000 | $110,000 | OH | Yes |
| 92 | Jacksonville University | 337.00% | $32,400 | $109,491 | FL | Yes |
| 93 | Brandeis University | 179.00% | $61,117 | $109,403 | MA | No |
| 94 | Lehigh University | 176.00% | $61,740 | $109,000 | PA | No |
| 95 | University of Colorado at Boulder | 170.00% | $63,089 | $108,510 | CO | Yes |
| 96 | University of Colorado Denver | 186.00% | $58,000 | $108,246 | CO | Yes |
| 97 | American University | 219.00% | $49,220 | $108,000 | DC | Yes |
| 98 | University of Pittsburgh | 281.00% | $38,236 | $107,793 | PA | No |
| 99 | Arizona State University | 170.00% | $63,000 | $107,220 | AZ | Yes |
| 100 | Tennessee State University | 1,033.00% | $9,452 | $107,108 | TN | Yes |
| 101 | Stetson University | 274.00% | $38,700 | $106,178 | FL | Yes |
| 102 | Oklahoma State University | 386.00% | $27,192 | $105,000 | OK | Yes |
| 102 | University of Dallas | 224.00% | $46,800 | $105,000 | TX | Yes |
| 103 | University of Nevada, Las Vegas | 616.00% | $17,031 | $105,000 | NV | Yes |
| 104 | University of South Carolina | 338.00% | $31,014 | $105,000 | SC | No |
| 106 | University of North Carolina at Charlotte | 305.00% | $34,176 | $104,303 | NC | Yes |
| 107 | Rutgers-The State University of New Jersey-Newark/New Brunswick | 162.00% | $63,602 | $103,278 | NJ | Yes |
| 108 | George Mason University | 194.00% | $53,064 | $103,100 | VA | Yes |
| 109 | Rensselaer Polytechnic Institute | 159.00% | $64,400 | $103,000 | NY | Yes |
| 110 | Hult International Business School | 110.00% | $89,500 | $102,928 | MA | Yes |
| 111 | Saginaw Valley State University | 373.00% | $24,000 | $102,450 | MI | Yes |
| 112 | Baruch College-The City University of New York | 531.00% | $19,200 | $102,000 | NY | Yes |
| 113 | North Carolina State University | 170.00% | $57,119 | $101,841 | NC | Yes |
| 114 | Temple University | 460.00% | $21,984 | $101,659 | PA | Yes |
| 115 | University of Connecticut | 200.00% | $50,400 | $101,501 | CT | Yes |
| 116 | The Pennsylvania State University at Harrisburg | 217.00% | $31,710 | $101,400 | PA | Yes |
| 117 | James Madison University | 22.00% | $24,066 | $101,349 | VA | Yes |
| 118 | California State University, East Bay | 440.00% | $23,009 | $101,245 | CA | Yes |
| 119 | North Carolina A&T State University | 1,715.00% | $5,888 | $101,000 | NC | Yes |
| 119 | University of Illinois at Chicago | 537.00% | $18,792 | $101,000 | IL | Yes |
| 120 | Louisiana State University Shreveport | 695.00% | $14,520 | $101,000 | LA | Yes |
| 122 | Florida State University | 240.00% | $41,520 | $100,000 | FL | Yes |
| 122 | Western Michigan University | 363.00% | $27,540 | $100,000 | MI | Yes |
| 124 | University of Wyoming | 352.00% | $28,296 | $99,720 | WY | Yes |
| 125 | New Jersey Institute of Technology | 49.00% | $61,536 | $99,501 | NJ | Yes |
| 126 | California State University, Los Angeles | 430.00% | $23,004 | $99,100 | CA | No |
| 126 | Ramapo College of New Jersey | 260.00% | $38,040 | $99,100 | NJ | Yes |
| 128 | University of Illinois at Urbana-Champaign | 192.00% | $26,136 | $98,500 | IL | Yes |
| 129 | University of California, Davis | 191.00% | $51,297 | $98,000 | CA | Yes |
| 130 | Clark Atlanta University | 269.00% | $36,288 | $97,659 | GA | No |
| 131 | University of Denver | 101.00% | $96,000 | $97,229 | CO | Yes |
| 132 | The College of New Jersey | 179.00% | $5,389,552 | $96,987 | NJ | No |
| 133 | Louisiana State University | 262.00% | $36,800 | $96,677 | LA | Yes |
| 134 | Washington State University | 199.00% | $32,328 | $96,500 | WA | Yes |
| 135 | University of Dayton | 289.00% | $33,300 | $96,466 | OH | Yes |
| 136 | University of Mary Washington | 473.00% | $20,220 | $95,800 | VA | Yes |
| 137 | University of Massachusetts Dartmouth | 448.00% | $21,330 | $95,730 | MA | No |
| 138 | Jacksonville State University | 370.00% | $12,300 | $95,570 | AL | Yes |
| 139 | University of South Florida | 280.00% | $33,446 | $95,000 | FL | Yes |
| 139 | University of Vermont | 319.00% | $29,780 | $95,000 | VT | No |
| 141 | The University of Michigan-Flint | 289.00% | $32,730 | $94,679 | MI | Yes |
| 142 | University of Hartford | 295.00% | $32,004 | $94,500 | CT | Yes |
| 143 | Colorado State University | 220.00% | $42,430 | $94,300 | CO | Yes |
| 143 | Montclair State University | 351.00% | $2,682,042 | $94,300 | NJ | Yes |
| 145 | Eastern Michigan University | 293.00% | $32,000 | $94,000 | MI | Yes |
| 145 | University of St. Thomas-Minnesota | 334.00% | $28,080 | $94,000 | MN | Yes |
| 147 | Old Dominion University | 355.00% | $26,273 | $93,381 | VA | Yes |
| 148 | Miami University | -32.00% | $37,800 | $92,700 | OH | Yes |
| 149 | Mercer University-Macon and Atlanta Campuses | 281.00% | $32,832 | $92,500 | GA | Yes |
| 150 | San Diego State University | 223.00% | $41,355 | $92,454 | CA | Yes |
| 151 | University of Massachusetts Amherst | 336.00% | $27,351 | $92,000 | MA | Yes |
| 152 | Mississippi State University | 645.00% | $11,670 | $91,600 | MS | Yes |
| 152 | Radford University | 500.00% | $18,108 | $91,600 | VA | Yes |
| 154 | Wayne State University | 197.00% | $46,020 | $90,947 | MI | Yes |
| 155 | Nova Southeastern University | 105.00% | $40,663 | $90,756 | FL | Yes |
| 156 | University of San Francisco | 105.00% | $86,400 | $90,754 | CA | Yes |
| 157 | Rider University | 225.00% | $39,960 | $90,264 | NJ | Yes |
| 158 | Quinnipiac University | 257.00% | $35,000 | $90,000 | CT | Yes |
| 159 | Loyola Marymount University | 1.00% | $1,802 | $89,900 | CA | No |
| 160 | University of Alaska Fairbanks | 229.00% | $22,470 | $89,474 | AK | Yes |
| 161 | California State Polytechnic University Pomona | 200.00% | $15,216 | $89,440 | CA | No |
| 162 | Stevens Institute of Technology | 129.00% | $68,820 | $89,437 | NJ | Yes |
| 163 | University of Kansas | 253.00% | $35,280 | $89,398 | KS | Yes |
| 164 | University of Houston | 159.00% | $56,000 | $89,273 | TX | Yes |
| 165 | University of Nebraska at Omaha | 410.00% | $13,893 | $89,200 | NE | Yes |
| 166 | Loyola University Chicago | 21.00% | $58,680 | $89,000 | IL | No |
| 166 | Middle Tennessee State University | 395.00% | $22,506 | $89,000 | TN | Yes |
| 167 | West Chester University of PA | 442.00% | $20,100 | $89,000 | PA | Yes |
| 169 | Lawrence Technological University | 186.00% | $47,400 | $88,600 | MI | Yes |
| 170 | California State University, Fresno | 228.00% | $26,550 | $88,500 | CA | No |
| 171 | Auburn University | 297.00% | $29,653 | $88,322 | AL | Yes |
| 172 | Queens University of Charlotte | 220.00% | $39,090 | $88,100 | NC | Yes |
| 173 | Georgia Southern University | 1,290.00% | $6,802 | $88,000 | GA | Yes |
| 173 | University of California, Riverside | 143.00% | $61,488 | $88,000 | CA | No |
| 174 | University of St. Thomas-Houston | 257.00% | $34,200 | $88,000 | TX | No |
| 175 | West Texas A&M University | 579.00% | $15,190 | $88,000 | TX | Yes |
| 177 | Bryant University | 186.00% | $47,151 | $87,857 | RI | Yes |
| 178 | University of Southern Maine | 486.00% | $18,000 | $87,535 | ME | Yes |
| 179 | Georgia State University | 195.00% | $44,750 | $87,439 | GA | Yes |
| 180 | University of Wisconsin Oshkosh | 200.00% | $25,740 | $87,400 | WI | Yes |
| 181 | Purdue University Northwest | 605.00% | $23,400 | $87,100 | IN | No |
| 182 | Seattle University | 64.00% | $56,268 | $87,000 | WA | Yes |
| 183 | Marist College | 262.00% | $33,120 | $86,900 | NY | Yes |
| 184 | Missouri University of Science and Technology | 309.00% | $28,008 | $86,800 | MO | Yes |
| 185 | California State University, Dominguez Hills | 952.00% | $9,090 | $86,608 | CA | Yes |
| 186 | California State University, San Bernardino | 275.00% | $31,416 | $86,596 | CA | Yes |
| 187 | Chapman University | 83.00% | $103,750 | $86,572 | CA | No |
| 188 | Sonoma State University | 340.00% | $25,000 | $86,300 | CA | No |
| 189 | Bowling Green State University | 450.00% | $18,760 | $86,141 | OH | Yes |
| 190 | Seattle Pacific University | 230.00% | $36,675 | $86,100 | WA | Yes |
| 191 | DePaul University | 120.00% | $71,520 | $86,000 | IL | Yes |
| 191 | University of North Texas | 211.00% | $40,600 | $86,000 | TX | Yes |
| 193 | Michigan Technological University | 74.00% | $23,340 | $85,950 | MI | No |
| 194 | The University of Rhode Island | 465.00% | $18,453 | $85,888 | RI | Yes |
| 195 | Bentley University | 170.00% | $50,310 | $85,643 | MA | No |
| 196 | Central Connecticut State University | 562.00% | $27,000 | $85,000 | CT | No |
| 196 | Minnesota State University Moorhead | 300.00% | $28,313 | $85,000 | MN | Yes |
| 197 | St. Mary’s University, Greehey School of Business | 242.00% | $34,980 | $85,000 | TX | No |
| 198 | The University of Akron | 294.00% | $28,872 | $85,000 | OH | Yes |
| 199 | University of Illinois at Springfield | 540.00% | $15,720 | $85,000 | IL | Yes |
| 200 | Utah State University | 236.00% | $36,000 | $85,000 | UT | Yes |
| 201 | Virginia Commonwealth University | 349.00% | $24,300 | $85,000 | VA | Yes |
| 202 | University at Buffalo | 305.00% | $27,868 | $85,000 | NY | Yes |
| 204 | Villanova University | 130.00% | $64,800 | $84,880 | PA | Yes |
| 205 | Florida Southern College | 278.00% | $30,420 | $84,700 | FL | Yes |
| 206 | University of Virginia-McIntire | 170.00% | $47,850 | $84,651 | VA | No |
| 207 | California State University, Fullerton | 689.00% | $12,255 | $84,536 | CA | Yes |
| 208 | California State University, San Marcos | 253.00% | $33,315 | $84,450 | CA | No |
| 209 | Butler University | 218.00% | $38,500 | $84,000 | IN | Yes |
| 209 | Union University | 223.00% | $26,028 | $84,000 | TN | Yes |
| 210 | University of Louisville | 218.00% | $38,500 | $84,000 | KY | Yes |
| 211 | Southern Connecticut State University | 218.00% | $38,500 | $84,000 | CT | Yes |
| 213 | Iowa State University | 207.00% | $40,512 | $83,986 | IA | Yes |
| 214 | The University of Tulsa | 62.00% | $54,538 | $83,700 | OK | Yes |
| 215 | University of Missouri | 100.00% | $49,612 | $83,500 | MO | Yes |
| 216 | Troy University | 566.00% | $14,725 | $83,360 | AL | Yes |
| 217 | The University of North Carolina at Greensboro | 302.00% | $27,500 | $83,200 | NC | Yes |
| 218 | The University of Michigan-Dearborn | 216.00% | $38,396 | $83,125 | MI | Yes |
| 219 | Metropolitan State University of Denver | 553.00% | $15,000 | $83,018 | CO | Yes |
| 220 | University of Nevada, Reno | 435.00% | $19,000 | $82,677 | NV | No |
| 221 | Elon University | 96.00% | $41,316 | $82,600 | NC | No |
| 222 | Belmont University | 19.00% | $32,175 | $82,200 | TN | No |
| 223 | Indiana State University | 332.00% | $17,730 | $82,000 | IN | Yes |
| 223 | University of Delaware | 166.00% | $49,104 | $82,000 | DE | Yes |
| 224 | University of Tennessee at Chattanooga | 276.00% | $29,700 | $82,000 | TN | No |
| 226 | Tarleton State University | 1,100.00% | $7,260 | $81,926 | TX | Yes |
| 227 | Fairleigh Dickinson University | 160.00% | $49,708 | $81,900 | NJ | Yes |
| 228 | Abilene Christian University | 340.00% | $23,400 | $81,656 | TX | Yes |
| 229 | Claremont Graduate University | 84.00% | $96,960 | $81,450 | CA | No |
| 230 | Siena College | 137.00% | $53,424 | $81,000 | NY | No |
| 230 | Angelo State University | 1,110.00% | $7,247 | $81,000 | TX | Yes |
| 232 | Western Connecticut State University | 282.00% | $28,638 | $80,850 | CO | Yes |
| 233 | Northeastern State University | 650.00% | $12,340 | $80,820 | OK | Yes |
| 234 | Duquesne University | 151.00% | $52,704 | $80,000 | PA | Yes |
| 234 | Eastern Kentucky University | 362.00% | $22,077 | $80,000 | KY | Yes |
| 236 | St. Ambrose University | 277.00% | $28,800 | $79,957 | IA | Yes |
| 237 | Texas Woman's University | 300.00% | $11,628 | $79,925 | TX | Yes |
| 238 | Pace University | 130.00% | $60,840 | $79,774 | NY | Yes |
| 239 | University of Arkansas | 273.00% | $2,914,942 | $79,589 | AR | Yes |
| 240 | Drake University | 300.00% | $25,848 | $79,500 | IA | Yes |
| 241 | David B. O’,Maley College of Business | 130.00% | $60,720 | $79,400 | FL | Yes |
| 242 | University of Oregon | 222.00% | $35,647 | $79,317 | OR | No |
| 243 | Meredith College | 240.00% | $32,835 | $79,081 | NC | No |
| 244 | Baylor University | 123.00% | $63,620 | $78,808 | TX | Yes |
| 245 | Binghamton University | 440.00% | $17,870 | $78,750 | NY | No |
| 246 | California State University, Bakersfield | 451.00% | $10,260 | $78,600 | CA | Yes |
| 247 | University of Richmond | 109.00% | $72,000 | $78,553 | VA | No |
| 248 | The University of Tampa | 301.00% | $26,070 | $78,500 | FL | No |
| 249 | Clarkson University | 131.00% | $59,800 | $78,419 | NY | Yes |
| 250 | Oregon State University | 189.00% | $41,355 | $78,333 | OR | Yes |
| 251 | Sacred Heart University | 118.00% | $35,460 | $78,300 | CT | No |
| 252 | The Citadel | 310.00% | $25,200 | $78,172 | SC | Yes |
| 253 | Seton Hall University | 36.00% | $58,600 | $78,081 | NJ | Yes |
| 254 | California Polytechnic State University, San Luis Obispo | 210.00% | $37,080 | $78,000 | CA | No |
| 254 | University of Scranton | 286.00% | $27,180 | $78,000 | PA | Yes |
| 255 | The University of Texas at Arlington | 652.00% | $11,950 | $78,000 | TX | Yes |
| 256 | The University of Texas at San Antonio | 318.00% | $24,512 | $78,000 | TX | Yes |
| 257 | University of Wisconsin-Whitewater | 330.00% | $23,536 | $78,000 | WI | Yes |
| 259 | College of William and Mary | 244.00% | $31,911 | $77,990 | VA | Yes |
| 260 | Northern Kentucky University | 380.00% | $20,097 | $77,987 | KY | Yes |
| 261 | Wake Forest University | -3.00% | $59,400 | $77,800 | NC | Yes |
| 262 | The University of Alabama | 260.00% | $29,194 | $77,723 | AL | Yes |
| 263 | Minnesota State University, Mankato | 263.00% | $29,461 | $77,720 | MN | Yes |
| 264 | Illinois Institute of Technology | 116.00% | $66,636 | $77,683 | IL | Yes |
| 265 | San Jose State University | 182.00% | $42,462 | $77,500 | CA | Yes |
| 266 | California State University, Northridge | 151.00% | $30,897 | $77,400 | CA | No |
| 266 | Purdue University Fort Wayne | 362.00% | $17,784 | $77,400 | IN | Yes |
| 267 | University of Baltimore | 216.00% | $35,802 | $77,400 | MD | Yes |
| 269 | The University of Texas Permian Basin | 710.00% | $10,800 | $77,000 | TX | Yes |
| 270 | Portland State University | 183.00% | $41,974 | $76,825 | OR | Yes |
| 270 | Saint Louis University | 183.00% | $41,974 | $76,825 | MO | No |
| 272 | Southern Utah University | 461.00% | $16,632 | $76,721 | UT | Yes |
| 273 | San Francisco State University | 170.00% | $45,000 | $76,600 | CA | No |
| 273 | Widener University | 112.00% | $41,880 | $76,600 | NJ | Yes |
| 275 | Boise State University | 269.00% | $28,397 | $76,444 | ID | Yes |
| 276 | Western New England University | 211.00% | $36,000 | $76,300 | MA | Yes |
| 277 | Ashland University | 151.00% | $34,650 | $76,001 | OH | Yes |
| 278 | Texas Wesleyan University | 290.00% | $25,500 | $75,769 | TX | Yes |
| 279 | Utah Valley University | 270.00% | $27,432 | $75,700 | UT | No |
| 280 | The University of Mississippi | 508.00% | $14,850 | $75,537 | MS | Yes |
| 281 | Louisiana Tech University | 440.00% | $17,100 | $75,383 | LA | Yes |
| 282 | Eastern Illinois University | 380.00% | $19,800 | $75,338 | IL | Yes |
| 283 | University of Central Florida | 521.00% | $1,441,635 | $75,200 | FL | No |
| 284 | College of Charleston | 192.00% | $38,880 | $75,008 | SC | Yes |
| 285 | Bellarmine University | 245.00% | $30,600 | $75,000 | KY | No |
| 285 | Fairfield University | 206.00% | $36,360 | $75,000 | CT | Yes |
| 286 | Indiana University Northwest | 906.00% | $7,458 | $75,000 | IN | Yes |
| 287 | Morgan State University | 388.00% | $19,314 | $75,000 | MD | No |
| 289 | Loyola University Maryland | 165.00% | $45,045 | $74,739 | MD | No |
| 290 | Northeastern Illinois University | 205.00% | $157,542 | $74,350 | IL | Yes |
| 291 | University of Massachusetts Boston | 242.00% | $30,672 | $74,257 | MA | Yes |
| 292 | University of North Carolina Wilmington | 298.00% | $1,992,096 | $74,200 | NC | Yes |
| 292 | St. Edward’s University, The Bill Munday School of Business | 165.00% | $44,712 | $74,200 | TX | Yes |
| 294 | University of West Florida | 594.00% | $124,608 | $74,044 | FL | Yes |
| 295 | Columbus State University | 930.00% | $7,950 | $74,000 | GA | Yes |
| 295 | Oklahoma City University | 348.00% | $21,240 | $74,000 | OK | Yes |
| 297 | Shenandoah University | 250.00% | $29,520 | $73,900 | VA | No |
| 298 | California State University, Stanislaus | 196.00% | $27,600 | $73,800 | CA | Yes |
| 299 | New Mexico State University | 491.00% | $14,940 | $73,500 | NM | Yes |
| 299 | Nicholls State University | 491.00% | $14,940 | $73,500 | LA | Yes |
| 300 | North Dakota State University | 207.00% | $35,400 | $73,500 | ND | Yes |
| 301 | The Pennsylvania State University at Erie | 120.00% | $61,104 | $73,500 | PA | Yes |
| 302 | Rowan University | 177.00% | $41,400 | $73,500 | NJ | Yes |
| 303 | Southern Arkansas University | 1,060.00% | $6,894 | $73,500 | AR | Yes |
| 304 | University of Portland | 25.00% | $58,500 | $73,500 | OR | No |
| 305 | Stony Brook University | 252.00% | $907,101 | $73,500 | NY | Yes |
| 307 | University of Toledo | 212.00% | $1,012 | $73,300 | OH | Yes |
| 307 | University of Wisconsin-River Falls | 300.00% | $23,970 | $73,300 | WI | Yes |
| 309 | Southeastern Oklahoma State University | 622.00% | $11,730 | $72,972 | OK | Yes |
| 310 | The University of Texas at Tyler | 550.00% | $13,068 | $72,600 | TX | Yes |
| 311 | Rochester Institute of Technology | 117.00% | $61,762 | $72,300 | NY | Yes |
| 312 | Clark University | 36.00% | $198,000 | $72,067 | MA | Yes |
| 313 | Illinois State University | 473.00% | $1,521,252 | $72,000 | IL | No |
| 314 | Arkansas State University | 415.00% | $17,292 | $71,917 | AR | Yes |
| 315 | California State University, Long Beach | 58.00% | $35,000 | $71,833 | CA | Yes |
| 316 | Georgia College & State University | 213.00% | $19,800 | $71,800 | GA | Yes |
| 317 | University of Colorado Colorado Springs | 239.00% | $29,700 | $71,000 | CO | Yes |
| 318 | Iona University | 150.00% | $47,034 | $70,955 | NY | Yes |
| 319 | Oakland University | 252.00% | $28,000 | $70,800 | MI | Yes |
| 320 | University of Minnesota Duluth | 209.00% | $33,824 | $70,733 | MN | No |
| 321 | William Paterson University | 260.00% | $26,752 | $70,500 | NJ | Yes |
| 322 | Ithaca College | 119.00% | $61,344 | $70,300 | NY | No |
| 323 | University of West Georgia | 370.00% | $18,900 | $70,000 | GA | Yes |
| 324 | University of Wisconsin-Eau Claire | 227.00% | $30,600 | $69,747 | WI | Yes |
| 325 | Rockhurst University | 287.00% | $24,150 | $69,400 | MO | Yes |
| 326 | Shippensburg University | 320.00% | $21,120 | $69,300 | PA | Yes |
| 327 | Kent State University | 375.00% | $18,410 | $69,206 | OH | Yes |
| 328 | Sam Houston State University | 600.00% | $11,520 | $69,200 | TX | Yes |
| 329 | The State University of New York Polytechnic Institute | 220.00% | $30,480 | $69,100 | NY | Yes |
| 330 | California State University, Sacramento | 620.00% | $11,124 | $69,000 | CA | Yes |
| 331 | University of Houston-Clear Lake | 230.00% | $9,902 | $68,900 | TX | Yes |
| 332 | University of San Diego | 89.00% | $77,625 | $68,860 | CA | Yes |
| 333 | University of Alabama at Birmingham | 485.00% | $14,184 | $68,800 | AL | Yes |
| 334 | Texas Southern University | 573.00% | $11,988 | $68,784 | TX | Yes |
| 335 | Clemson University | 156.00% | $43,757 | $68,380 | SC | Yes |
| 336 | Drexel University | 123.00% | $55,145 | $68,333 | PA | Yes |
| 337 | University of the Pacific | 143.00% | $47,664 | $68,200 | CA | Yes |
| 338 | University of South Dakota | 457.00% | $14,850 | $68,000 | SD | Yes |
| 338 | Xavier University | 185.00% | $36,738 | $68,000 | OH | Yes |
| 340 | University of Wisconsin-Milwaukee | 107.00% | $24,000 | $67,900 | WI | Yes |
| 341 | Appalachian State University | 837.00% | $8,100 | $67,833 | NC | Yes |
| 342 | Western Illinois University | 345.00% | $129,987 | $67,800 | IL | Yes |
| 343 | St. John's University (Tobin) | 113.00% | $59,580 | $67,433 | NY | Yes |
| 344 | Robert Morris University | 200.00% | $33,150 | $67,000 | PA | Yes |
| 344 | University of Detroit Mercy | 119.00% | $56,100 | $67,000 | MI | Yes |
| 346 | State University of New York at Oswego | 290.00% | $22,860 | $66,944 | NY | Yes |
| 347 | Indiana University Kokomo | 530.00% | $12,414 | $66,900 | IN | Yes |
| 348 | Texas Tech University | 137.00% | $35,647 | $66,717 | TX | Yes |
| 349 | Manhattan College | 36.00% | $47,700 | $66,575 | NY | Yes |
| 350 | Roger Williams University | 150.00% | $42,336 | $66,450 | RI | No |
| 351 | La Salle University | 350.00% | $18,900 | $66,266 | PA | Yes |
| 352 | Stephen F. Austin State University | 467.00% | $10,600 | $65,950 | TX | Yes |
| 353 | Pacific Lutheran University | 127.00% | $51,588 | $65,700 | WA | Yes |
| 354 | Long Island University-Post Campus | 23.00% | $50,220 | $65,600 | NY | Yes |
| 354 | The University of Texas Rio Grande Valley | 270.00% | $16,992 | $65,600 | TX | Yes |
| 355 | Texas A&M University-Kingsville | 405.00% | $14,910 | $65,600 | TX | No |
| 357 | Southern Illinois University Edwardsville | 473.00% | $138,348 | $65,550 | IL | Yes |
| 358 | Ouachita Baptist University | 330.00% | $19,310 | $65,400 | AR | Yes |
| 359 | Wichita State University | 346.00% | $18,849 | $65,305 | KS | No |
| 360 | East Texas A&M University | 429.00% | $15,210 | $65,300 | TX | Yes |
| 361 | Adelphi University | 175.00% | $37,080 | $65,000 | NY | Yes |
| 361 | Creighton University | 190.00% | $33,000 | $65,000 | NE | Yes |
| 362 | Washburn University | 260.00% | $19,590 | $65,000 | KS | No |
| 363 | West Virginia University | 155.00% | $24,273 | $65,000 | WV | Yes |
| 365 | Mississippi College | 539.00% | $12,000 | $64,757 | MS | Yes |
| 366 | Indiana University Southeast | 261.00% | $8,100 | $64,650 | IN | Yes |
| 367 | University of New Haven | 62.00% | $28,968 | $64,600 | CT | Yes |
| 368 | University of Hawaii at Manoa | 151.00% | $42,576 | $64,591 | HI | No |
| 369 | Longwood University | 381.00% | $13,950 | $64,200 | VA | Yes |
| 370 | Whitworth University | 85.00% | $36,900 | $64,050 | WA | Yes |
| 371 | Monmouth University | -5.00% | $34,080 | $64,000 | NJ | No |
| 371 | Saint Xavier University | 284.00% | $22,500 | $64,000 | IL | No |
| 373 | Tennessee Technological University | 362.00% | $17,643 | $63,997 | TN | Yes |
| 374 | University of Alaska Anchorage | 330.00% | $19,008 | $63,838 | AK | Yes |
| 375 | Indiana University of Pennsylvania | 119.00% | $15,000 | $63,600 | PA | No |
| 375 | Lamar University | 384.00% | $16,000 | $63,600 | TX | Yes |
| 377 | University at Albany | 356.00% | $17,828 | $63,500 | NY | Yes |
| 378 | University of Wisconsin-Parkside | 410.00% | $15,425 | $63,450 | WI | Yes |
| 379 | University of Arkansas at Little Rock | 250.00% | $11,584 | $63,300 | AR | Yes |
| 380 | Providence College | 160.00% | $38,340 | $63,200 | RI | No |
| 381 | Georgia Southwestern State University | 664.00% | $9,503 | $63,113 | GA | Yes |
| 382 | Central Michigan University | 193.00% | $32,472 | $62,900 | MI | Yes |
| 383 | Augusta University | 493.00% | $5,642 | $62,800 | GA | Yes |
| 384 | Kean University | 187.00% | $33,451 | $62,769 | NJ | Yes |
| 385 | Auburn University at Montgomery | 119.00% | $14,490 | $62,700 | AL | Yes |
| 386 | Canisius University | 139.00% | $44,850 | $62,500 | NY | Yes |
| 386 | University of New Hampshire | 162.00% | $38,400 | $62,500 | NH | Yes |
| 388 | Missouri State University | 313.00% | $17,250 | $62,400 | MO | Yes |
| 388 | University of Central Oklahoma | 402.00% | $15,500 | $62,400 | OK | Yes |
| 390 | University of Southern Mississippi | 264.00% | $19,080 | $62,300 | MS | No |
| 391 | University of North Florida | 348.00% | $17,784 | $62,014 | FL | No |
| 391 | University of North Georgia | 546.00% | $11,355 | $62,014 | GA | Yes |
| 393 | Western Kentucky University | 392.00% | $18,210 | $62,000 | KY | Yes |
| 393 | Alabama A&M University | 489.00% | $12,660 | $62,000 | AL | Yes |
| 395 | University of Montevallo | 284.00% | $13,590 | $61,950 | AL | Yes |
| 396 | East Carolina University | 241.00% | $7,737 | $61,600 | NC | No |
| 397 | St. John Fisher University | 157.00% | $39,030 | $61,595 | NY | Yes |
| 398 | Morehead State University | 334.00% | $18,360 | $61,500 | KY | Yes |
| 399 | University of Massachusetts Lowell | 360.00% | $17,036 | $61,467 | MA | Yes |
| 400 | Le Moyne College | 70.00% | $33,336 | $61,100 | NY | No |
| 400 | Slippery Rock University | 380.00% | $16,020 | $61,100 | PA | Yes |
| 402 | Lipscomb University | 152.00% | $39,960 | $61,060 | TN | No |
| 403 | The University of New Mexico | 128.00% | $3,496,158 | $61,000 | NM | Yes |
| 404 | Universidad Ana G. Méndez Gurabo | 305.00% | $15,000 | $60,752 | PR | No |
| 405 | Prairie View A&,M University | 140.00% | $42,012 | $60,500 | TX | No |
| 406 | Indiana University South Bend | 495.00% | $12,180 | $60,300 | IN | Yes |
| 407 | University of Nebraska at Kearney | 627.00% | $9,603 | $60,296 | NE | Yes |
| 408 | University of Alabama in Huntsville | 515.00% | $11,670 | $60,200 | AL | Yes |
| 408 | Woodbury University | -15.00% | $71,152 | $60,200 | CA | No |
| 410 | Ohio University | 161.00% | $37,240 | $60,188 | OH | Yes |
| 411 | Salem State University | 187.00% | $16,236 | $60,150 | MA | Yes |
| 412 | Rollins College | 68.00% | $87,944 | $60,100 | FL | No |
| 413 | Florida Atlantic University | 187.00% | $32,000 | $60,000 | FL | Yes |
| 413 | Texas A&M University-Corpus Christi | 233.00% | $4,884 | $60,000 | TX | Yes |
| 414 | University of Puerto Rico at Rio Piedras | 331.00% | $8,610 | $60,000 | PR | Yes |
| 415 | Winthrop University | 155.00% | $23,400 | $60,000 | SC | Yes |
| 417 | St. Bonaventure University | 160.00% | $35,490 | $59,900 | NY | Yes |
| 418 | Florida Gulf Coast University | 345.00% | $12,322 | $59,700 | FL | Yes |
| 418 | Niagara University | - | $32,040 | $59,700 | NY | Yes |
| 419 | Salisbury University | 354.00% | $16,860 | $59,700 | MD | Yes |
| 421 | Henderson State University | 356.00% | $12,837 | $59,500 | AR | Yes |
| 422 | Emporia State University | 400.00% | $12,600 | $59,400 | KS | Yes |
| 422 | Southeast Missouri State University | 330.00% | $13,530 | $59,400 | MO | Yes |
| 424 | Barry University | 155.00% | $37,800 | $58,957 | FL | Yes |
| 425 | Virginia State University | 136.00% | $22,644 | $58,900 | VA | No |
| 426 | University of Southern Indiana | 420.00% | $13,950 | $58,700 | IN | Yes |
| 427 | Willamette University | 113.00% | $51,640 | $58,614 | OR | No |
| 428 | Samford University | 160.00% | $35,460 | $58,400 | AL | Yes |
| 429 | University of Wisconsin-Stevens Point | 220.00% | $26,100 | $58,350 | WI | No |
| 430 | Florida International University | 272.00% | $21,139 | $57,511 | FL | Yes |
| 431 | Palm Beach Atlantic University | 180.00% | $30,600 | $57,500 | FL | No |
| 432 | Bradley University | 61.00% | $34,287 | $57,450 | IL | No |
| 432 | University of Tennessee at Martin | 417.00% | $22,420 | $57,450 | TN | Yes |
| 434 | University of Missouri-St. Louis | 141.00% | $40,350 | $57,200 | MO | Yes |
| 435 | University of Maine | 253.00% | $22,500 | $57,000 | ME | Yes |
| 435 | University of Montana | 400.00% | $14,260 | $57,000 | MT | Yes |
| 437 | University of Oklahoma | 170.00% | $3,330,624 | $56,949 | OK | Yes |
| 438 | Bloomsburg University of Pennsylvania | 158.00% | $35,856 | $56,773 | PA | No |
| 439 | Texas State University | 240.00% | $23,365 | $56,734 | TX | No |
| 440 | Frostburg State University | 338.00% | $16,740 | $56,600 | MD | Yes |
| 441 | University of South Carolina Aiken | 300.00% | $13,948 | $56,400 | SC | Yes |
| 442 | State University of New York College at Brockport | 273.00% | $22,860 | $55,950 | NY | Yes |
| 443 | Jackson State University | 286.00% | $15,750 | $55,900 | MS | Yes |
| 444 | New Jersey City University | 170.00% | $32,297 | $55,800 | NJ | No |
| 445 | Nichols College | 190.00% | $28,440 | $55,392 | MA | Yes |
| 446 | Loyola University New Orleans | 46.00% | $35,568 | $55,290 | LA | Yes |
| 447 | State University of New York at New Paltz | 240.00% | $22,860 | $55,100 | NY | Yes |
| 448 | Cleveland State University | 168.00% | $32,610 | $55,000 | OH | Yes |
| 448 | Kansas State University | 192.00% | $28,612 | $55,000 | KS | Yes |
| 449 | Northern Arizona University | 281.00% | $19,505 | $55,000 | AZ | Yes |
| 450 | Valparaiso University | 183.00% | $30,000 | $55,000 | IN | Yes |
| 452 | Northern Michigan University | 147.00% | $25,800 | $54,500 | MI | Yes |
| 453 | Fayetteville State University | 79.00% | $8,064 | $54,300 | NC | Yes |
| 454 | Berry College | 156.00% | $20,000 | $53,850 | GA | No |
| 455 | University of Central Arkansas | 581.00% | $9,240 | $53,700 | AR | Yes |
| 455 | The University of North Carolina at Pembroke | 480.00% | $11,092 | $53,700 | NC | Yes |
| 457 | University of Central Missouri | 299.00% | $17,655 | $52,900 | MO | Yes |
| 457 | The University of Texas at El Paso | 290.00% | $17,954 | $52,900 | TX | Yes |
| 459 | Idaho State University | 908.00% | $5,820 | $52,872 | ID | Yes |
| 459 | Midwestern State University | 273.00% | $19,503 | $52,872 | TX | Yes |
| 461 | Governors State University | 130.00% | $39,798 | $52,811 | IL | Yes |
| 462 | Black Hills State University | 273.00% | $9,990 | $52,650 | SD | Yes |
| 463 | Coastal Carolina University | 184.00% | $34,380 | $52,500 | SC | Yes |
| 464 | East Tennessee State University | 295.00% | $22,000 | $52,400 | TN | Yes |
| 465 | Missouri Western State University | 348.00% | $14,850 | $51,750 | MO | Yes |
| 466 | University of Louisiana at Lafayette | 64.00% | $54,021 | $51,200 | LA | Yes |
| 467 | Savannah State University | 840.00% | $6,030 | $51,068 | GA | No |
| 468 | Southern University and A&M College, College of Business | 110.00% | $24,300 | $51,000 | LA | Yes |
| 469 | University of Northern Iowa | 277.00% | $18,344 | $50,856 | IA | No |
| 470 | Lander University | 210.00% | $16,350 | $50,700 | SC | Yes |
| 471 | Eastern Washington University | 205.00% | $18,040 | $50,300 | WA | Yes |
| 472 | University of Missouri-Kansas City | 285.00% | $17,568 | $50,167 | MO | No |
| 473 | Valdosta State University | 640.00% | $7,800 | $50,000 | GA | Yes |
| 474 | Colorado State University-Pueblo | 105.00% | $20,700 | $49,500 | CO | Yes |
| 474 | Marshall University | 270.00% | $18,320 | $49,500 | WV | Yes |
| 476 | University of South Alabama | 242.00% | $15,150 | $49,200 | AL | Yes |
| 477 | University of Houston-Downtown | 282.00% | $17,374 | $49,120 | TX | Yes |
| 478 | Alfred University | 109.00% | $44,860 | $49,074 | NY | Yes |
| 479 | University of Louisiana at Monroe | 241.00% | $20,089 | $48,491 | LA | Yes |
| 480 | North Carolina Central University | 303.00% | $12,240 | $48,300 | NC | Yes |
| 481 | Southeastern Louisiana University | 262.00% | $13,245 | $47,900 | LA | Yes |
| 482 | Stockton University | 134.00% | $35,568 | $47,700 | NJ | No |
| 483 | Millsaps College | 30.00% | $21,900 | $46,750 | MS | Yes |
| 484 | Delaware State University | 196.00% | $16,500 | $46,300 | DE | Yes |
| 485 | The University of North Dakota | 251.00% | $18,391 | $46,200 | ND | Yes |
| 486 | The University of Memphis | 186.00% | $24,552 | $45,882 | TN | Yes |
| 487 | Kutztown University of Pennsylvania | 295.00% | $15,480 | $45,699 | PA | Yes |
| 488 | Pittsburg State University | 380.00% | $11,970 | $45,600 | KS | Yes |
| 489 | Western Washington University | 107.00% | $42,160 | $45,272 | WA | No |
| 490 | McNeese State University | 413.00% | $10,879 | $45,000 | LA | Yes |
| 491 | University of Houston-Victoria | 162.00% | $27,551 | $44,888 | TX | Yes |
| 492 | Ball State University | 318.00% | $13,920 | $44,394 | IN | Yes |
| 493 | Arkansas Tech University | 369.00% | $9,435 | $44,250 | AR | Yes |
| 494 | Western Carolina University | 371.00% | $1,187,352 | $44,100 | NC | Yes |
| 495 | Drury University | 183.00% | $23,760 | $43,520 | MO | Yes |
| 496 | South Carolina State University | 260.00% | $16,560 | $43,200 | SC | No |
| 497 | Southern Illinois University Carbondale | 241.00% | $17,820 | $43,087 | IL | Yes |
| 498 | Francis Marion University | 168.00% | $15,900 | $42,600 | SC | Yes |
| 499 | Clayton State University | 361.00% | $11,055 | $40,000 | GA | Yes |
| 500 | Murray State University | 211.00% | $18,180 | $38,473 | KY | Yes |
| 501 | University of New Orleans | 276.00% | $13,893 | $38,410 | LA | No |
| 502 | University of North Alabama | 187.00% | $20,400 | $38,295 | AL | Yes |
| 503 | Youngstown State University | 264.00% | $14,190 | $37,590 | OH | Yes |
| 504 | University of Northern Colorado | 120.00% | $26,262 | $34,100 | CO | Yes |
Average Starting Salary for MBA Online Programs
Does earning your MBA from an Online program affect your earning power?
With more than 392 online MBA degrees offered, you can find a program and concentration that fits your needs and work full time while earning your MBA. Many online MBA programs have reasonable tuition costs. The average online degree costs $34,054, a couple thousand dollars less than the average campus program. If an online program allows you to continue to work full time and pursue your degree, that saves one of the biggest costs you’d otherwise face—lost wages.
An online MBA program may offer an additional advantage—a concentration not available at an in-state MBA program near you. To learn more about tuition for online MBA programs, see our online MBA programs ranked by tuition.
25 Highest MBA Starting Salaries for Online MBA Graduates
- Duke University - $205,000.00
- The University of Michigan - $200,000.00
- Carnegie Mellon University - $189,275.00
- University of Miami - $187,504.00
- Georgetown University - $181,854.00
- University of Wisconsin-Madison - $159,583.00
- Rice University - $150,000.00
- The Ohio State University - $149,006.00
- The University of Georgia - $149,000.00
- University of Southern California - $144,442.00
- Babson College - $142,871.00
- The University of North Carolina at Chapel Hill - $140,490.00
- Michigan State University - $140,298.00
- University of Rochester - $138,300.00
- Indiana University Bloomington/Indianapolis - $135,742.00
- The University of Arizona - $135,000.00
- Northeastern University - $135,000.00
- University of Minnesota - $131,972.00
- Tulane University - $130,000.00
- Washington University in St. Louis - $130,000.00
- University of Florida - $130,000.00
- University of Nebraska-Lincoln - $129,985.00
- Santa Clara University - $129,880.00
- Southern Methodist University - $129,150.00
- The University of Texas at Dallas - $127,000.00
25 Lowest MBA Starting Salaries for Online MBA Graduates
- University of Northern Colorado - $34,100.00
- Youngstown State University - $37,590.00
- University of North Alabama - $38,295.00
- Murray State University - $38,473.00
- Clayton State University - $40,000.00
- Francis Marion University - $42,600.00
- Southern Illinois University Carbondale - $43,087.00
- Drury University - $43,520.00
- Western Carolina University - $44,100.00
- Arkansas Tech University - $44,250.00
- Ball State University - $44,394.00
- University of Houston-Victoria - $44,888.00
- McNeese State University - $45,000.00
- Pittsburg State University - $45,600.00
- Kutztown University of Pennsylvania - $45,699.00
- The University of Memphis - $45,882.00
- The University of North Dakota - $46,200.00
- Delaware State University - $46,300.00
- Millsaps College - $46,750.00
- Southeastern Louisiana University - $47,900.00
- North Carolina Central University - $48,300.00
- University of Louisiana at Monroe - $48,491.00
- Alfred University - $49,074.00
- University of Houston-Downtown - $49,120.00
- University of South Alabama - $49,200.00
Analyzing Salary Data by Business School Major
When it comes to analyzing salary data by major, there are some key factors to consider. First, the industry in which the MBA was earned can affect starting salaries. For example, a degree from University of Pennsylvania’s Wharton School of Business may typically command a higher starting salary than one from a less prestigious institution. Additionally, the size of the company and its location can also play a role in how much an MBA graduate earns in their first job. Furthermore, networking and previous experience can also influence salaries for MBA graduates.
In terms of majors, some of the most common undergraduate degrees for MBA graduates include finance, accounting, economics, and business administration. However, there is no one-size-fits-all when it comes to salaries. For example, according to the Graduate Management Admission Council’s Business School Hiring Report 2021, employers now offer MBA graduates the highest inflation-adjusted salary of $162,824 for those with a degree in finance. On the other hand, those with a degree in accounting earn an average starting salary of $157,182 according to the same report.
It is worth noting that salaries can vary significantly depending on industry and location. For instance, MBA graduates in the tech industry tend to earn more than those working in other industries. Additionally, those who live in certain cities tend to earn more than those living elsewhere. Therefore, it is important to consider these factors when analyzing MBA starting salaries and making decisions related to career paths.
Average MBA Salary by Industry
The industry in which an MBA graduate works has a big impact on their starting salary. For example, those working in the financial services industry typically make more than those in other industries. According to the US Bureau of Labor Statistics, the median annual wage for financial managers was $125,080 in May 2019, compared to the median annual wage for all occupations of $39,810. Of course, there are many factors that go into a person’s salary, but it’s clear that working in a certain industry can have a big impact on salary.
To gain further insight into the effect of industry on MBA starting salaries, let’s look at the data from the MBA Starting Salaries HBR Case Study. The data set includes 40 MBA students who graduated from different universities across the United States. The students’ salaries are broken down into categories for six different industries: banking, consulting, consumer products/retail, technology, and energy/utilities.
The data shows that MBAs who went into banking had the highest average salary at $172,800. This is followed by MBAs who went into consulting with an average salary of $158,800 and those who went into consumer products/retail with an average salary of $159,000. MBAs who went into technology had an average salary of $150,000 and those who went into energy/utilities had an average salary of $145,000.
These figures show that the industry in which an MBA graduate works can have a significant impact on their starting salary. It’s important for MBA graduates to consider the potential salaries they could earn when deciding which industry to pursue.
Analyzing Starting Salary by Gender
In the case study of MBA Starting Salaries, it is important to consider the impact of gender on starting salaries. On average, women earn less than men in the same job position, and this holds true for MBA graduates as well. According to the data, men are earning approximately 13% more than women in terms of starting salary.
This difference can be attributed to a number of factors, such as lack of access to networking opportunities or gender bias in hiring decisions. It is also important to note that this gap is smaller for MBA graduates than it is for other professions. It is clear that there is still a long way to go before gender parity is achieved in the workforce, but the progress made by MBA graduates is encouraging.
Comparing Starting Salary to Educational Attainment
Having an MBA degree can be a great asset for any job seeker. Those with an MBA often earn more than those with a traditional college degree and many employers look for candidates with this prestigious credential. In addition to the salary boost, MBA graduates typically enjoy higher job satisfaction and better career prospects.
But, just how much does an MBA degree increase an individual’s starting salary? In this section, we will explore the relationship between an individual’s educational attainment and their starting salary, as well as the role a prestigious MBA program can play in increasing one’s earning potential.
First, let’s look at the median starting salaries of MBA graduates by school. The data provided by the Financial Times shows that graduates of the top business schools typically command higher salaries than those from less prestigious programs. The median starting salary for MBA graduates of Columbia Business School was $162,824, significantly more than the $157,182 for Cornell (Johnson) or even the $158,194 for Dartmouth (Tuck). Harvard Business School had the highest median starting salary at $167,148.
Of course, having an MBA from a top school does not guarantee a high salary. Data from the Graduate Management Admission Council’s Business School Hiring Report shows that employers now offer MBA graduates the highest inflation-adjusted salary in 2021 at $115,000. However, this number is still significantly higher than the average salary of someone with a traditional college degree. Furthermore, having a prestigious MBA can open up doors to higher paying jobs and better career prospects.
Finally, it is important to note that there are other factors which can influence an individual’s starting salary. While having an MBA
Examining the Impact of Location on MBA Starting Salaries
The location of a business school can have a major impact on its graduates’ starting salaries. It is often found that MBA graduates from business schools in major metropolitan areas tend to earn higher salaries than those from more rural areas. This is due to the fact that companies located in large cities generally have higher salaries than those located in smaller cities. Additionally, graduates from business schools in certain countries can also expect to earn more than their peers located in other parts of the world due to differences in regional salaries.
For instance, the Financial Times rating of MBA programs found that graduates from Columbia Business School in the United States had an average starting salary of $162,824. On the other hand, students from similar programs at universities located outside of the US had significantly lower salaries. For example, graduates from the Hong Kong University of Science and Technology had an average starting salary of $42,741 and those from London Business School had an average salary of $76,062.
Therefore, it is important to consider the location of a business school when looking at MBA starting salaries. Graduates from schools located in high-paying regions are likely to earn more than those from lower-paying regions. Additionally, employers may also take into account regional differences when determining how much to pay MBA graduates.
Exploring the Effect of Company Size on MBA Salaries
As MBA graduates, it is important to understand the role that company size can play in our earnings potential. According to the Graduate Management Admission Council (GMAC) Business School Hiring Report, larger companies tend to pay higher starting salaries than smaller companies. In 2021, companies with 1,000 or more employees reported an average starting salary of $126,681 for MBA graduates, while those with less than 500 employees offered an average of $118,890.
However, it is important to note that the size of a company does not always directly correlate to salary. In some cases, a smaller company may be able to offer a higher starting salary due to their specialized industry or niche market. Additionally, it is important to consider the role of benefits when comparing salaries between different companies. A larger company may offer greater benefits packages than a smaller company and should be taken into account when making decisions about employment.
Overall, company size can play an important role in MBA graduates’ potential earnings. It is important for MBA graduates to understand the potential salary implications of working for both large and small companies. With this knowledge, MBA graduates can make informed decisions about their career paths that will set them up for long-term success.
Considering the Impact of Previous Experience on MBA Salaries
It’s no surprise that a person’s prior experience can have a significant impact on their starting salary. Employers often look to hire people with the right skills and experience to fill specific roles, and they are usually willing to pay more for this type of expertise. To get a better understanding of how experience can influence MBA starting salaries, we took a look at the data from our case study.
We found that on average, MBAs with prior work experience commanded significantly higher starting salaries than those without. This was especially true for those with 5-10 years of experience, who received an average starting salary of $150,000 compared to $120,000 for those without any prior work history.
Interestingly, the data also suggested that having more than 10 years of previous experience may not necessarily result in higher starting salaries. This could be due to employers preferring to hire MBAs with a fresh perspective on the industry and current business trends.
Overall, it is clear that having prior work experience can have a positive impact on MBA starting salaries. Employers are willing to pay more for experienced candidates because they require less training and can quickly hit the ground running in their new role. Therefore, it is important for MBA applicants to highlight their previous work experience when applying for jobs in order to secure the best possible salary.
Examining Salary by Previous Job Title
When it comes to MBA starting salaries, employers often take into account the job title held by the applicant prior to enrolling in their MBA program. This is because employers may view those who have already held higher-level positions as being more qualified and experienced than other applicants. As such, it is important for those considering an MBA program to consider how their job title may affect their starting salaries upon graduation.
By looking at salary data from the Graduate Management Admission Council’s Business School Hiring Report, we can see that those with a managerial or executive-level position prior to entering an MBA program tend to earn higher salaries than those without such experience. According to the report, MBA graduates with executive-level positions before enrolling in their MBA programs earned an average of $153,000 in 2021. Meanwhile, graduates without executive-level experience earned an average of $138,000.
This disparity in salaries is likely due to the fact that employers value experience and are willing to pay a premium for it. Those with managerial or executive-level experience have likely had more exposure and responsibility than those without such experience, making them better suited for positions that require higher levels of expertise and decision making.
It is important to note that not all job titles are created equal when it comes to MBA starting salaries. For instance, graduates with a finance background tend to earn higher salaries than other applicants. According to the GMAC report, those with a finance background earned an average of $150,000 in 2021.
We can also see that graduates who previously held sales and marketing positions tend to earn slightly less than graduates with
Investigating the Influence of Networking on MBAs’ Starting Salaries
Networking is an important aspect of preparing for a successful career in business, and it can have a significant impact on MBA starting salaries. In particular, MBA graduates who have a robust network of contacts and connections are more likely to receive higher salaries. This is because employers recognize the value of having well-connected MBA graduates as part of their team. Moreover, having connections can help MBA graduates get their foot in the door and better negotiate their salary packages. Additionally, having strong connections with potential employers can also lead to job offers with better compensation packages. As such, networking is an important tool that can be used to increase MBA starting salaries.
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A Penn State University MBA graduate, Jessica is an accomplished professional writer and editor who brings a wealth of strategic and business development experience to mbaguide.org. With a dynamic background that includes published works and roles focused on generating revenue and building strategic partnerships, Jessica’s expertise directly informs our content on career outcomes and ROI. Her entrepreneurial spirit and commitment to high internal standards of excellence ensure that the information you receive is not only accurate but also practical for your real-world business career.
