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How an MBA (Master of Business Administration) Degree Can Increase Your Earning Potential
The Master of Business Administration (MBA) degree is a popular graduate degree that can lead to a significant increase in earning potential. The median starting salary for MBA graduates in the United States in 2020 was $105,000, which is 25% higher than the median starting salary for bachelor's degree holders in the same year. However, salary increases can vary depending on factors such as prior work experience, industry, geographic location, the specific MBA program completed, and negotiation skills. Individuals considering pursuing an MBA should carefully consider these factors and do their research to determine if an MBA degree is the right choice for them and their career goals.