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Gender and location are other variables that can skew an average salary. Men claimed to earn between $51,396 and $123,056, while women made between $42,891 and $99,488. California had the highest paid MBA graduates with a median salary of $99,947

Masters: two-year degree providing additional specialization. Doctorate: five to eight-year program certifying the student as a trained research scholar and/or professor.

A Master of Business Administration (MBA) develops skills in business management. Before committing to earning one, understand what an MBA is and if it's the right degree for you. An MBA provides a graduate education in foundational business practices, such as accounting, finance, marketing and management.

1) Full-time MBA.  2) Accelerated MBA.  3) Distance learning MBA. 4) Online MBA. 5) Executive MBA (EMBA) 6) Professional MBA (PMBA) 7) Global EMBA (also known as GEMBA) 8) Joint EMBA (also includes - Consortia and Multi-Institution programs)

An MBA is only worth the expense, time and effort when the graduate plans to work in a business-related field, in management, or as a company founder. For those working in other industries, unless they are in management or leadership roles, an MBA may not be useful. Moreover, not all MBA degrees are created equal.

The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration (management). The MBA degree originated in the United States in the early 20th century when the country industrialise and companies sought scientific approaches to management.