Which Dallas MBA Programs Offer the Best Starting Salary?
It’s naive to think that folks who earn their MBA degree don’t expect to earn a decent salary. After years of balancing work, studying, and life, an MBAs starting salary is the cherry on top of the grad school sundae. For those looking to work in or are attending school in the Dallas metro, here are the programs that can help you find that well-deserved pay day the fastest.
McCombs School of Business – University of Texas at Austin
According to statistics provided by the McCombs School of Business school, the average full-time MBA student goes on to earn a starting salary of $113,481 following graduation. The average full-time MBA grad also receives a signing bonus of $27,564. A full breakdown of McCombs full-time MBA salary statistics can be found here.
The McCombs School of Business is usually ranked among business schools in the U.S. for the number of MBA graduates who earn job offers. In fact, career planning is also built into the curriculum of the full-time MBA. During the first year students take a class called Strategic Career Planning—a course that was created to best prepare students to make career choices and help them achieve their career goals. The class teaches students skills like interview training and marketing and networking techniques.
Cox School of Business – Southern Methodist University
According to SMU’s MBA Placement Data, graduating MBAs at the Cox School of Business earn an average salary of $96,587. Recent Cox MBAs have been offered jobs at companies such as Amazon, At&T, Capital One, Deloitte, and more.
Students have the option of customizing their education by completing up to two concentrations in addition to the MBA program. While all full-time students are enrolled in the General Business concentration, additional majors include: accounting, business analytics, finance, general business, information technology and operations management, management, marketing, real estate, and strategy and entrepreneurship. MBAs majoring in strategy, general management, leadership, and consulting earn a bit more, averaging $108,333 to start, while accounting, finance, and real estate majors earn a bit less, averaging $94,173 annually.
Neeley School of Business – Texas Christian University
The TCU Neeley School of Business full-time MBA program is designed for professionals who may not necessarily have a background in business, but are interested in changing careers or transitioning into a new field where business and management knowledge would be necessary. According to StartClass, TCU MBAs earn an average salary of $89,579 post-graduation.
To help secure a job with a well-paying salary, MBA students have access to The Neeley Professional Development Center and the Graduate Career Services Center. The Professional Development Center provides Neeley students with personal and professional training and coaching for presentations, business writing, and career preparation. Meanwhile, the Graduate Career Services Center provides students with resume help, job search, networking events, career coaching, interview prep, and skill building programs.
CHECK THIS OUT: “The Most Affordable MBA Programs in Dallas“
Commerce College of Business – Texas A&M University
Different from the Mays School of Business on A&M’s main campus, the Commerce College of Business is located about one hour northeast of the Dallas metro. PayScale data reveals that Texas A&M Commerce MBAs earn a starting salary of $89,393.
Commerce students have access to the office of Career Development, which offers students special events such as networking nights, job shadow programs, business etiquette dinners, career fairs, and job search workshops. The CD can also help students with resume and cover letter consultation, LinkedIn consultation, mock interviews, career assessment, and counseling and employment application
Naveen Jindal School of Management – University of Texas at Dallas
Students who graduate with an MBA degree from the Jindal School of Management at UT Dallas earn an average starting salary of $86,644.
According to U.S. News, MBA graduates from the Naveen Jindal School of Management have the best salary-to-debt ratio of any ranked school. As stated above, Jindal MBAs earn an average starting salary of $86,644 and have an average student loan debt of $7,132—an earnings-to-debt ratio of 12.148. The average ratio for ranked business schools that reported the data is 1.986.
Hankamer School of Business – Baylor University
Baylor Hankamer School of Business MBA graduates earn a reported average starting salary of nearly $65,000. Recent Baylor full-time MBA graduating class had a 64 percent job placement rate at the time of graduation and 86 percent placement rate 90 days after graduation.
University of North Texas College of Business
PayScale reports that the average starting salary for North Texas College of Business MBA grads is also $65,000. North Texas features the Career Center at the Business Leadership Building where students receive one-on-one advising, career planning, and career exploration help from graduate advisors. These advisors help students with résumé and cover letter writing as well as mock interviews.