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Foster MBA Salary: Sectors, Locations & Opportunities

Unlocking the Potential: Exploring Foster MBA Salary Trends Across Sectors, Locations, and Career Opportunities

Embarking on an MBA journey is a transformative experience that opens doors to many opportunities, including substantial salary growth. The Foster School of Business at the University of Washington has established itself as a powerhouse for nurturing business leaders and consistently producing exceptional graduates and focus Foster MBA Salary.

In this blog, we delve into Foster MBA salary, exploring the average graduate salary, sector-wise compensation, salary variations across locations, and other valuable opportunities beyond monetary rewards.

Average Graduate Foster MBA Salary & Class Profile

 

When it comes to financial rewards, Foster MBA graduates stand tall. The average Foster MBA salary for graduates reflects the remarkable value the program brings to its students.

According to recent data, the average Foster MBA salary for the Class of 2022 was an impressive $141,063. This robust figure is a testament to employers' high regard for Foster MBA graduates and the strong return on investment among MBA colleges in the USA.

 INTERPRETING EMPLOYMENT DATA DETAILS / DATA
ENTERING CLASS SIZE 96
AVERAGE YEARS OF WORK EXPERIENCE 6
RANGE OF YEARS OF WORK EXPERIENCE 3 – 11
MEDIAN GMAT 710
MID 80TH RANGE GMAT 660 – 740
MEDIAN UNDERGRADUATE GPA 3.4
AVERAGE AGE 29
WOMEN 42%
MAN 58%

Foster MBA Salary: Sector-wise

The Foster MBA program prepares students to excel across various sectors, and the Foster MBA salary they command reflects their versatile skill sets. Let's delve into the sector-wise breakdown of Foster MBA salaries.

1. Consulting

Consulting firms value the strategic thinking and problem-solving prowess that MBA graduates bring to the table.
Foster alumni in consulting account for 30% of placements, with an impressive average salary of $169,442.
These graduates play instrumental roles in advising organizations on strategic initiatives, driving operational efficiency, and solving complex business challenges.

2. Finance/Accounting

The finance and accounting function remains a popular destination for MBA talent, comprising 22% of Foster placements. Graduates in this function command an average salary of $133,603, leveraging their financial acumen to drive business growth, manage investments, and ensure regulatory compliance.

3. General Management

General management roles attract 10% of Foster MBA graduates, offering opportunities to lead diverse teams and drive organizational strategy. These graduates earn an average salary of $146,559, reflecting their ability to navigate complex business environments and drive sustainable growth.

4. Marketing/Sales

Marketing and sales roles are critical for driving revenue growth and market expansion. Foster alumni in this function account for 23% of placements, with an average salary of $157,117. These graduates excel in crafting compelling marketing strategies, building brand equity, and driving customer engagement.

5. Operations/Logistics

Efficient operations and logistics are essential for optimizing supply chains and enhancing organizational performance. Foster MBAs in this function represent 12% of placements, earning an average salary of $130,900. These graduates specialize in streamlining processes, reducing costs, and ensuring timely delivery of goods and services.

6. Others

Beyond the core functions mentioned above, Foster MBA graduates also excel in roles such as human resources and information technology, collectively accounting for 3% of placements. human resources and information technology roles.

Despite their smaller representation, these graduates are crucial in driving organizational effectiveness and leveraging technology to gain a competitive edge. They earn an average salary of $150,700, reflecting the value they bring to their respective organizations.



Here the table:-

Sector Salaries
Consulting $169,442
Finance/Accounting $133,603
General Management $146,559
Marketing/Sales $157,117
Operations/Logistics $130,900

 

Foster MBA Salary Across Industries 

In this blog post, we delve into the dynamic landscape of MBA salaries, dissecting how Foster MBA alumni fare across different sectors.

The Foster School of Business at the University of Washington is renowned for producing top-tier graduates equipped with the skills and knowledge to excel in various industries. 

1. Consulting

With 29% of Foster MBA graduates entering the consulting industry, it stands out as a popular choice among alumni. 
The average salary for Foster MBAs in consulting is $171,210, coupled with potential bonuses and benefits, making it an attractive career path for many

2. Consumer Packed Goods

While comprising a smaller percentage of Foster MBA graduates at 5%, the consumer packaged goods (CPG) industry offers stable career opportunities with competitive compensation.
With an average salary of $135,000, Foster alumni in CPG roles contribute to brand management, marketing strategy, and product development within renowned companies. 

3. Energy

The energy sector, accounting for 4% of Foster MBA placements, presents unique challenges and opportunities for aspiring business leaders.
With an average salary of $111,667, Foster alumni contribute to the transformation and sustainability efforts within the industry.

4. Financial Services

With 5% of alumni securing finance roles, they command an average salary of $147,500, reflective of their expertise in investment banking, asset management, and corporate finance.
The allure of Wall Street and the potential for lucrative bonuses make finance an attractive pathway for many MBA aspirants

5. Manufacturing

While manufacturing comprises a smaller percentage of Foster MBA placements at 4%, it remains a vital sector driving economic growth and innovation. 
With an average salary of $138,583, graduates contribute to operations management, supply chain optimization, and strategic planning within manufacturing firms. 

6. Technology

Technology emerges as the dominant sector for Foster MBA graduates, with 39% securing roles in this rapidly evolving industry.
With an average salary of $152,106, alumni contribute to innovation, product management, and business development within tech giants and startups alike. 

7. Others

Beyond the aforementioned sectors, Foster MBAs also succeed in diverse industries, including healthcare, media/entertainment, non-profit, and retail.
With an average salary of $130,962, graduates in these sectors leverage their business acumen to drive impact and create value in their respective fields. 


INDUSTRIES  PERCENTAGE AVG. SALARIES
Consulting 29% $171,210
Consumer Packaged Goods 5% $135,000
Energy 4% $111,667
Financial Services 5% $147,500
Manufacturing 4% $138,583
Technology 39% $152,106
Other 14%  $130,962

Foster MBA Salary Across Different Locations in USA


Foster MBA program equips graduates with highly sought-after skills in Washington state, nationwide, and globally. Here's a glimpse into the geographic distribution of Foster MBA salaries:

  1. Washington State: Approximately 80% of Foster MBA graduates remained in Washington State for their careers.
    The vibrant business ecosystem in Seattle and the surrounding region provides ample opportunities for growth and innovation.
  2. Outside Washington: Around 20% of Foster MBA graduates ventured beyond the state's borders, exploring opportunities in diverse locations. 
    While the salaries may vary depending on factors such as industry, company size, and location cost of living, Foster MBA graduates continued to command competitive compensation packages in these locations.

 

Conclusion

The Foster School of Business MBA program at the University of Washington stands out as a launching pad for lucrative careers. 

Whether it's consulting, finance, general management, marketing, or operations, Foster MBA graduates have the skills and expertise to excel.

Beyond the financial rewards, Foster MBA graduates benefit from a supportive alumni network, accelerated career growth, and opportunities for entrepreneurship. It also provides a platform to make a lasting impact in the business world, earning a high Foster MBA Salary. 

Whether you aspire to lead in consulting, finance, marketing, or any other sector, Foster School of Business can propel you towards success with a high Foster MBA Salary. So, take the leap, join the ranks of accomplished Foster MBA graduates, and embrace a future filled with endless possibilities.
 

 

What is the average salary for the Foster MSBA?

For complete Emplyment report Click Here. The average starting salary after the Foster MSBA program for the last graduating class was $140,354.91% of the class was employed within 3 months of graduation.

What is Foster School of Business ranked in MBA?

University of Washington (Foster) is ranked No. 27 (tie) out of 124 in Best Business Schools and No. 10 (tie) out of 269 in Part-time MBA. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.
 

How long is the Foster MBA program?

The two-year Foster Full-time MBA Program experience in Seattle gives you the curriculum, faculty, career support, and network to shape your future. The ROI of a Foster MBA goes beyond career and financial outcomes, positioning you to lead with impact.

What is the GMAT score for Foster School of Business?

The GMAT score requirement for admission to the Foster School of Business at the University of Washington typically ranges from 650 to 750. However, it's essential to note that admission decisions are based on a holistic review of an applicant's profile, including academic achievements, work experience, essays, recommendations, and interview performance, in addition to GMAT scores. Therefore, while a high GMAT score can strengthen an application, it's not the sole determining factor for admission.

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Abhyank Srinet
Study Abroad Expert
Abhyank Srinet, the founder of MiM-Essay.com, is a globally recognized expert in study abroad and admission consulting.His passion lies in helping students navigate the complex world of admissions and achieve their academic dreams. Having earned a Master's degree in Management from ESCP Europe, Abhyank's expertise in data-driven marketing strategies has driven growth for some of the most competitive industries. As the founder of MiM-Essay.com, he has helped thousands of students get into top business schools with a strong emphasis on research, shortlisting, and applying to schools from a single platform. His dedication to education has also led him to create MentR-Me, a free-to-use social platform that simplifies the study abroad process for students, while providing universities with a powerful recruitment tool. As a leader in the field of admission consulting, he is constantly researching and implementing the latest strategies to ensure that his clients receive the best possible guidance. He leads the Business Development and Digital Marketing side of both companies, and has grown both ventures to 7 figure revenue.His unique insights, experience, and dedication to his clients make him a valuable resource for anyone seeking to advance their education or career.
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