According to the Graduate Management Admissions Council (GMAC), many MBA graduates earn almost three times as much starting base salary as those with only a bachelor’s degree.
The median salary for 2021 undergraduates is $55,911, according to the National Association of Colleges and Employers.
On the other hand, Payscale data shows that for MBA graduates in the US, the median base salary is $92,000. In fact, GMAC reports that figure could be as high as $115,000.
Fortune ranked in the top five full-time face-to-face MBA programs in the US out of the 69 programs that participated in their survey.
Stanford Graduate School of Business in California tops the list. Program graduates have a median base salary of $158,400.
It has an acceptance rate of 6.2%, and tuition comes in at $76,950 a year.
Some of the richest people in the US graduated from the school, including Phil Knight of Nike and Laurene Powell Jobs of Apple.
Top 5 full-time MBA programs with the highest starting salaries for graduates