personal statement for mba

One of the perks of being MBA grads is the inevitable high-paying job. Regardless of what company you choose to work in, you will always be offered with wallet-fattening paychecks. But are you worth every penny? Of course! Getting an MBA degree, after all, is not only difficult but also expensive. You need to spend lots of money on tuition, books, and other expenses. In fact, some MBA grads even resort to getting part-time jobs just to support their graduate education. So, are you worthy of a high paying job? Definitely.

Starting salary for MBA grads

Similar to most jobs, companies offer varying amounts of money to MBA grades. Just because you have the same MBA degree or alma mater, it doesn’t mean that you can expect equal amounts of salary. Your specialization, for example, is a factor used in calculating your starting salary. MBA grads like you, generally, can get an annual salary of $90,000. But if you decide to work for the government, you will probably get at least $70,000 for your efforts. If you wish to earn more than $100,000, then you should probably consider working in high-paying industries like finance, energy utility, consulting, and health care.

Factors in determining your starting salary:

* pre-graduation work experience
* previous salary
* academic standing
* cost of living

Additional compensation for MBA grads

Aside from getting a high salary, MBA grads like you can also expect other forms of compensation from your job. These compensation packages, however, are still dependent on which company you currently work for. Some companies may add bonuses to your base salary while some may give end-of-the-year bonuses. Other examples of compensation usually given to MBA grads like you include tuition fee reimbursements, medical insurance, and car allowances.

Job opportunities for MBA grads

Job hunting is not that hard because most companies require the services for MBA grads like you. And as you work your way up the corporate ladder, you will also receive higher salaries and better compensation packages.

The industries offering the highest salaries for MBA grads include finance industries, telecommunications, and healthcare. Consulting and marketing industries also offer impressive salary rates for MBA grads like you. Examples of high-ranking job positions for MBA graduates are finance director, managers, vice president of sales, consultants, marketing head, and assistant managers.

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