Getting an MBA can be expensive. This is why anyone interested in the degree needs to consider the payback.
Unfortunately, the MBA doesn't come with any guarantees. There will be no promise of higher earnings when you apply or as you are nearing graduation. That said, it is likely that you will earn more with an MBA than without one.
Recent MBA graduates reportedly make 35 percent more than those without the degree (source: The Princeton Review). That's not bad, considering the uncertain times of the US economy.
Where Do You Go and Who Do You Know
Of course, the amount you make will depend on a number of things, including where you work upon graduation, as well as your job title. Even the business school you attend will play a part in determining your salary.
It isn't unusual for many MBA graduates of Harvard, Wharton, and Stanford to start out with six-figure salaries and five-figure signing bonuses. Graduates of smaller, less prestigious schools may not be as lucky, but they will still have an MBA. And the bottom line is this: climbing the corporate ladder is much easier with a degree than it is without one.