These Fortune 500 companies will help pay for employee MBAs (2022)

These Fortune 500 companies will help pay for employee MBAs (1)These Fortune 500 companies will help pay for employee MBAs (2)These Fortune 500 companies will help pay for employee MBAs (3)

The average cost of earning an MBA ranges from about $60,000 to more than $200,000, so any financial aid along the way is more than welcome. And here’s some good news: Many Fortune 500 companies will help pay for employees’ MBA degrees, whether it’s a full sponsorship, tuition reimbursement, or a guaranteed annual contribution directly to the university you attend. And some corporations even have partnerships with universities that offer specialized MBA programs and/or a discount on tuition.

While it may not surprise you to find a healthy number of financial services and insurance companies in this roundup, some hidden gems include the Disney Aspire program, which pays 100% tuition upfront to in-network schools, and UnitedHealth Group, which sponsors a health care MBA (HCMBA) program. Boeing also offers $25,000 each year to employees in grad programs, including MBAs, and Intel offers $50,000 in tuition assistance toward graduate-level business or management degree programs.

Read on to see which of your favorite Fortune 500 companies could pave the way to your MBA.

Capital One

Through its Graduate Degree Sponsorship Program (GDSP), Capital One offers sponsorships for graduate degree programs, including MBAs. GDSP participants are handpicked by the executive leadership team. Participants are expected to remain with the company for two years after finishing their degree program.


Dreams come true for Disney employees, too. Eligible hourly employees may earn an MBA through the Disney Aspire program, which pays 100% of tuition upfront for in-network schools. Salaried employees can also participate in the company’s educational reimbursement program.

General Dynamics

This government contractor offers tuition reimbursement and occasionally sponsors MBAs. Recipients must stay with the company for a set period of time.


IBM will cover the full cost of an MBA if the program is related to the employee’s current job. Under IBM’s MBA sponsorship program, the employee signs an agreement to stay at the company for two years after earning an MBA.

State Farm

State Farm covers up to $10,000 per employee annually toward graduate programs and also has an MBA sponsorship program. Eligible employees must be with the company for six months and earn at least a B-minus in MBA coursework.


UPS will cover the full cost of MBA tuition, but employees must stay with the company for two years after graduating.

Companies that offer tuition assistance


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An employee can receive up to $5,250 each year toward MBA tuition expenses. The entire cost of an MBA program can be covered over time. Allstate requires that a participating employee remain at the company for one to two years.

This telecom giant provides tuition assistance to employees seeking an MBA—and more than 2,200 employees have received this benefit toward a business-related master’s degree.

BofA offers a tuition assistance and academic support program in which an employee can receive reimbursements of up to $7,500 per calendar year for programs including MBAs. The company will also pay the school directly so that employees don’t have to pay upfront.


Boeing covers up to $25,000 per employee per calendar year for eligible expenses for programs including MBAs. The company pays the tuition directly to the institution. Employees in graduate degree programs must stay with Boeing for 24 months after the last paid course.


This chemicals giant offers up to $8,000 per employee annually toward tuition assistance. For MBA sponsorships, Dow requires employees to remain with the company for three years after graduation.


The Salaried Tuition Assistance Program (STAP) provides up to $6,000 annually per employee toward advanced degrees, including MBAs.


An associate can earn up to $5,000 in tuition assistance per year. The company also has partnerships with institutions that offer specific MBA concentrations in which Humana employees can receive preferred rates.


An Intel employee can receive up to $50,000 in tuition assistance per program toward a graduate-level business or management degree. Despite the company’s huge investment in its employees, there’s no requirement to stay with the company after the completion of an MBA program.


Kroger and its subsidiaries offer up to $3,500 annually per employee toward continuing education, including advanced degrees.

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Microsoft offers up to $10,000 per employee annually to cover the cost of tuition, books, and other fees for any course related to business at the company, including an MBA program.

Northrop Grumman

This government contractor covers up to $10,000 per employee annually toward regionally accredited MBA programs with manager approval. This covers tuition, books, enrollment fees, and exams.


PepsiCo offers up to $8,000 to an employee who has been with the company at least six months and is pursuing a graduate degree, including an MBA.


Each year, employees are eligible to receive up to $10,125, which can be used toward approved graduate degree programs.


This catchall retailer will help pay for job-related courses, including MBA programs.


Through the company’s Global Tuition Assistance Program, a Verizon employee can use up to $8,000 annually toward MBA tuition, books, and other fees. In 2020, more than 8,800 Verizon employees took advantage of this benefit.

Companies that offer tuition reimbursement


This insurance company offers $8,000 per employee annually for continuing education or a graduate degree. Reimbursement covers tuition, books, and other fees. The company also offers MBA sponsorship on a limited basis. Participants must stay with Centene for two years after completion.


Chevron covers up to 75% reimbursement for tuition, fees, and books and offers sponsorships for MBA programs.

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Dell offers up to $5,250 total per employee toward tuition reimbursement for those earning an MBA. Some MBA sponsorships are available on a case-by-case basis.


GE offers tuition reimbursement for graduate programs and also offers executive MBA sponsorships. Retention requirements vary by individual and business division.

Liberty Mutual

While Liberty doesn’t sponsor MBA programs, accepted students can participate in Liberty’s MBA Rise program, which offers mentorship, virtual training, networking, and early interview access. Liberty Mutual will pay for 100% of approved tuition, books, and fees after completion of an undergraduate or graduate program. The company will reimburse $9,000 per U.S. employee per year for graduate education.


This pharmaceuticals and health care supplies company will reimburse an employee $5,250 per year, which can be used toward an MBA.


A full-time employee who is enrolled in a preapproved postgraduate degree program is eligible to receive up to $5,250 per year toward tuition reimbursement. Part-time employees can also receive tuition assistance related to their hours worked.


An employee who has been with Nationwide for at least 12 months is eligible for up to $5,250 each year toward tuition reimbursement that can be used toward MBA programs.


This pharmaceutical giant and COVID-19 vaccine manufacturer offers up to $10,000 annually in tuition reimbursement per U.S. employee pursuing an MBA. Through its Breakthrough Fellowship Program, minority students can pursue an MBA that will be 100% covered by Pfizer. Recipients must stay with the company for two years for full reimbursement.


Progressive offers $2,000 per full-time employee and $1,000 per part-time employee annually toward tuition reimbursement.


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This financial services company offers up to $8,000 per employee per year in tuition reimbursement for graduate degree programs. TIAA also has partnerships with Capella University and Southern New Hampshire University that offer reduced tuition rates.


This retail holding company offers tuition reimbursement of up to $5,000 per employee per year for graduate programs, including MBAs. Programs must be directly related to an employee’s job.

Companies that offer MBA scholarships

Goldman Sachs

The Goldman Sachs MBA Fellowship is available to first-year MBA students who are pursuing a summer associate position with the investment bank. Scholarship recipients receive a $35,000 award plus a summer associate salary.

Kraft Heinz

Through its Graduate Scholarship Program in the U.S., Kraft Heinz offers annual tuition reimbursement of up to $20,000 for part-time MBA programs and $30,000 for full-time MBA programs. Employees commit to two years with the company.

Companies that have partnerships with MBA programs


Cigna partners with the University of Hartford Barney School of Business, which offers a customized, accelerated MBA program. Each year, 60 students are accepted to the virtual program, and costs are covered through Cigna’s Educational Development Program.

United Airlines

United has a partnership with DePaul University, which includes an online MBA program. Some United employees who are enrolled in the program receive discounted tuition through the partnership.

UnitedHealth Group

In partnership with the University of St. Thomas, UnitedHealth Group sponsors a health care MBA (HCMBA) program. The cohort program (of which the full cost is covered by UnitedHealth Group) is offered to 32 employees every two years. The company also offers up to $5,250 per employee per calendar year in tuition reimbursement for accredited programs.

While Walgreens doesn’t offer tuition reimbursement, it does partner with several universities to offer discounts ranging from 10% to 25% for employees.

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Do companies sponsor MBA in USA? ›

One of the major reasons why companies pay for MBAs (and other related degrees) is because they consider it an investment. Put simply, tuition assistance and reimbursement programs help both the employee and the employer.

How would you use MBA to make a positive impact? ›

If you're thinking about earning an MBA degree, here are some ways you can use your degree to create social change.
  1. Volunteer With a Business-Centric Nonprofit. ...
  2. Work for a B Corp. ...
  3. Found a Mission-Focused Startup. ...
  4. Go Into Sustainable Finance or Impact Investing.

How do you expect your MBA to contribute to your career? ›

MBA degree elevates entrepreneurial spirit in graduates. Unlike any other degree, an MBA degree will help students to achieve their career goals in a short span of time. This course will also impart deep knowledge about management, leadership and critical thinking which are more relevant to the corporate world.

What is a Executive MBA? ›

An executive MBA program, also known as an EMBA program, is designed for students who are further along in their careers and want to continue working full-time while in school. Schedules vary among programs, but most offer part-time formats like weekend classes.

Should I let my company pay for my MBA? ›

Aside from benefiting the employee, company-sponsored MBA programs benefit the company as a whole. Students earning their MBA acquire valuable skills that are relevant to their roles and will enhance their job performance. Covering tuition costs will also increase employee retention and company loyalty.

How do I get companies to sponsor my MBA? ›

Consider these steps when attempting to secure an MBA sponsorship offer with an employer:
  1. Secure a job with a company that has an MBA sponsorship program. ...
  2. Learn the policies for companies with existing MBA programs. ...
  3. Specify your reasons for pursuing the program. ...
  4. Outline the benefits to employers.

Is an MBA still worth it in 2022? ›

An MBA program is only worth the effort, expense, and time when the student plans to pursue a career in management, in a business-related field, or as a startup founder. For those employed in other sectors, unless they are in leadership or management positions, an MBA degree may not be needed.

What is the best answer for why MBA? ›

I am interested in a career change and would like to apply for the MBA program at your school. I know that many applicants are applying with similar backgrounds, so I want to stand out by explaining how an MBA would help me grow from an analyst to a business consultant.

What is the starting salary after MBA? ›

Average MBA Salary as per specialization
MBA SpecializationAverage MBA Salary*
MBA FinanceRs 2,00,000 to Rs 14,70,000
MBA Human Resource ManagementRs 4,50,000 to Rs 15,50,000
MBA Information TechnologyRs 10,000 to Rs 6,00,000
MBA Logistics ManagementRs 6,25,000 to Rs 8,50,000
1 more row
28 Sept 2022

What are your expectations from MBA program? ›

Developing advanced and flexible management skills

Manage difficult situations. Network and create connections or partnerships. Improve leadership and people management skills. Make tough calls at the right time, and many more.

What motivates you to pursue an MBA at this time 200 words? ›

We cut costs but increased productivity. Having worked as a Supervisor for over 4 years now, I have made the decision to pursue an MBA program to further develop my leadership and management skills. I have found that your MBA program, with its faculty and curriculum, is the exact tool I need to achieve my career goals.

What are your career goals MBA essay? ›

An MBA will not only ease the transition, but will also help me gain the building blocks of marketing and business in general and gain broader strategic skills to effectively manage multiple large products. I look forward to my MBA putting me on the path to achieving my personal and professional goals.

Is MBA better than Executive MBA? ›

EMBA classes tend to be more intensive than MBA classes for two reasons: (1) the condensed structure means more information is packed into each class, and (2) EMBA candidates typically enter their programs with significantly more work experience, naturally generating higher-level class discussions.

Is an Executive MBA as good as an MBA? ›

How is an EMBA different from an MBA? The 'E' in EMBA stands for executive—but that doesn't necessarily mean EMBAs are superior to MBAs. They're essentially the same degree, but EMBAs are structured for current (rather than aspiring) executives and tend to be more flexible to accommodate busy schedules.

Which is better one year MBA or two year MBA? ›

Apart from that, those candidates who are looking to join family business and need a quick degree are also best suited for one year MBA. However, those candidates who have just completed their graduation and have doubts related to their career then they must go for two year MBA program.

Why should companies sponsor MBA? ›

If your company agrees to fund your MBA, or even part-fund it, you won't have to go bank-hopping for a big loan nor worry about how burdensome it is going to be. You won't also have to bother about job-hunting post-MBA as you will be going back to your tried-and-trusted employer after the program.

Will Deloitte pay for my MBA? ›

The benefit includes full tuition paid, a technology stipend, discounts for GMAT preparation classes, and mentorship through graduate school. Deloitte consultants are accepted at 3x the average rate at Top 20 U.S. business schools.

Does company sponsor for MBA? ›

Company sponsorship means locking yourself into a contract for the foreseeable future (often between two to five years post MBA graduation). This means that you won't be able to make the most of career fairs or recruitment on campus, and unless you agree it beforehand, salary increases will be hard to negotiate.

How do I convince my company to pay for MBA? ›

How to Convince Your Boss to Pay for Your MBA
  1. Take the Company Temperature. First, find out if your company will even consider paying for your education. ...
  2. Figure Out You're Asking For. ...
  3. Take a Big Picture View. ...
  4. Research Tax Breaks. ...
  5. Articulate Your Value. ...
  6. Come up with a (Realistic) Schedule. ...
  7. Show Your Loyalty. ...
  8. Have a Plan B.
15 Dec 2014

How do you fund an Executive MBA? ›

Here we look at what options are available to you and how best to take advantage of them.
  1. Employer sponsorship for EMBA. ...
  2. EMBA scholarships. ...
  3. Financial aid for executive students. ...
  4. Educational loans. ...
  5. Savings and assets.

Does Apple sponsor MBA? ›

A company known for its innovative approaches to encouraging employee development, Apple offers some of the best tuition-assistance benefits found in any U.S. company. For most of its employees who are pursuing an MBA, the company will provide tuition reimbursement of up to $6,000 annually.

Is MBA worth it at 30? ›

Schools and colleges provide an immense network-building space! Make the best use of it while doing an MBA at 30 or 40. Try to participate in different programs, join clubs, meet new people, interact with them, and build a strong network. And this network will make your MBA over 30 worth it.

Is a full time MBA worth it? ›

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. An MBA may not be useful for those working in other industries unless they are in management or leadership roles.

Is an MBA really worth it? ›

The financial return on investment offered by a typical MBA degree is equally strong, particularly at the world's best business schools. Business school graduates from the Financial Times' top 10 ranked MBAs see an average salary bump of 119% three years after graduation.

What should I say in an MBA interview? ›

Strategies for Acing the Most Common MBA Interview Questions
  • Question 1: Tell me a little bit about yourself. ...
  • Question 2: Why do you want to earn a graduate business degree? ...
  • Question 3: Why are you interested in this school? ...
  • Question 4: Why should we admit you? ...
  • Question 5: Talk about your accomplishments as a leader.
6 Jan 2022

What are your weaknesses MBA? ›

5 Weakness for MBA Interview
  • Thinking about the future and creating effective plans.
  • Too much risk taker.
  • Thinking about the whole team.
  • Trying to finish tasks before the deadline.
  • Want pure perfection.

How do you introduce yourself in an MBA interview? ›

When they ask “tell me about yourself”, your answer should be short, concise, and well-structured. In no longer than 2 to 3 minutes, touch upon your key personal, work, and academic experiences, extracurriculars, accomplishments, and career goals.

Which MBA degree has highest salary? ›

According to the BLS, some of the highest-paying management occupations related to MBA concentrations include computer and information systems management, financial management, marketing management, and human resources management.

Why are MBA salaries so high? ›

The core curriculum provides a cross functional view of learning business skills and tools necessary in today's companies. A graduate brings old and new knowledge into the company and the MBA provides the additional time to acquire expertise for higher salaries.

Which MBA has highest salary in world? ›

Top of the table for MBA salaries is Switzerland, which offers a staggering average base salary of US$123,500. With bonuses of US$17,400, overall MBA compensation in Switzerland is by far the highest in the world, at US$140,900.
1) Switzerland.
Salary (US$)$80,000
Bonus (US$)$26,600
Overall (US$)$106,600
9 more columns

What skills does an MBA provide? ›

Here are some of the top skills an MBA program gives you:
  • Communication. The ability to relay information and convey ideas with clarity is always vital. ...
  • Gathering and Using Data. ...
  • Leadership/Management/Negotiation. ...
  • Networking. ...
  • Strategic Thinking. ...
  • Technology Savviness.
7 Jan 2022

Which MBA specialization is best? ›

Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students.
Table of Contents
  • MBA in Digital Marketing.
  • MBA in Business Analytics.
  • MBA in Data Analytics.
  • MBA in Entrepreneurship.
11 Oct 2022

Is MBA difficult for average students? ›

Many potential students ask why MBAs are so difficult to graduate. But they ask the wrong question, the truth being: for the average student, MBAs are quite easy to graduate. But as you'll probably learn during your Master's in Business Administration: your attitude makes up over 50% of your professional success.

Why do you want to earn an MBA Why now ?*? ›

An MBA can enhance your marketability as a professional and increase the quality and quantity of job opportunities. Over 98% of Wharton MBA graduates are extended full-time job offers. An MBA also helps you build business leadership skills, as well as a professional network.

Is MBA tougher than CA? ›

A CA course is way tougher than an MBA course. MBA course is not that tough as compared to CA. CA course provides an insight into subjects like business environment and financial accounting as well as reporting, auditing, taxation, and general management.

How do you end an MBA essay? ›

Instead of REPEATING your essay's content in shorter form, use your conclusion to give us examples that go beyond your main argument. For instance, if your essay topic is about learning from a failure, a quick anecdote showing the reader how you applied the lessons learned in the future can work WONDERS.

How will MBA support your life goals? ›

Wider Range of Career Opportunities. An MBA will give you the head start you need, opening doors in a range of industries. As well as offering the potential to progress in your current career, an online MBA will also open up a wider range of career opportunities for those looking for a change.

Why is an MBA important? ›

An MBA degree offers many professional, as well as personal, benefits. Whether you work in technology, finance, management, marketing, or manufacturing, an MBA degree will open up opportunities for greater responsibility, career advancement, and increased financial reward.

What is the goal of an MBA? ›

Upon completion of the MBA program, students will:

Apply best practices to solve managerial issues. Integrate theories and practice to perform strategic analysis. Demonstrate effective written forms of communication and oral business presentations. Implement leadership skills to work effectively within diverse teams.

Is Executive MBA considered as master's degree? ›

Executive master of business administration is a degree program similar to a master of business administration (MBA) program but specifically designed for corporate executives and senior managers already in the workforce.

Is an Executive MBA worth it? ›

If you're looking to earn more money, then yes. It's worth it, especially for those who attend a well-known university with an excellent track record. More than the money, EMBA programs provide an opportunity to grow on the job. Because they attract working professionals, you can immediately utilize what you learn.

What is a hybrid MBA? ›

A hybrid MBA is a master of business administration program that combines online teaching methods with on-campus sessions. While the bulk of hybrid MBA coursework happens in online environments, there's also several face-to-face components called immersions.

Does Harvard have Executive MBA? ›

Does Harvard Offer An Executive MBA? No, HBS does not offer an Executive MBA. Instead, they have a collection of Executive Education programs, four of which can earn you the status of an HBS alumni.

Do I need an MBA to be a CEO? ›

Although the majority of CEOs are well-educated, an MBA is not a prerequisite for these roles.

Can I do PhD after Executive MBA? ›

IIMs do not come under the purview of UGC. Executive MBA or executive diplomas awarded by any institute are not eligible for PhD in any university, since the norms for pursuing a PhD is compulsory a two year masters degree programme or equivalent PGDBM etc.

Is a 2 year MBA worth it? ›

A two-year program provides significantly greater networking opportunities both within the campus and outside. You not only get to meet 2nd year students during your first year, but you also get to interact and mentor other first-year students as you advance to the 2nd year of your MBA.

Is 2 years enough for MBA? ›

Minimum Work Experience Required for MBA

The minimum work experience requirement for aspirants is 2 years for most universities. There are some that don't require any work experience at all, but around two years of it should be enough to help you climb the ladder.

Is 1 year experience enough for MBA? ›

What is the minimum work experience required for an MBA? As one of the core MBA entry requirements, most MBA programs usually require you to have a minimum of two years' experience. The average MBA student has between three and five years.

Do companies sponsor your MBA? ›

If a company agrees to fund an employee's studies, the assistance will be based on a binding contract that requires the employee to stay on for a certain period after completing the MBA program. Company sponsorship of MBA tuition comes with quite a few strings attached.

Does Google sponsor MBA? ›

Googlers also qualify for excellent education financing programs. Google tuition reimbursement covers a significant portion of tuition and provides up-front financial help for any educational endeavor.

Does Goldman Sachs pay for MBA? ›

MBA programs can cost more than $160,000 in tuition alone and generally take about 2 years to complete. Goldman Sachs offers employees tuition assistance to pursue MBAs as well as MBA fellowships to first-year business school students. Robert W.

Does Deloitte pay for MBA? ›

The benefit includes full tuition paid, a technology stipend, discounts for GMAT preparation classes, and mentorship through graduate school. Deloitte consultants are accepted at 3x the average rate at Top 20 U.S. business schools.

How do you ask a company to pay for MBA? ›

How to Convince Your Boss to Pay for Your MBA
  1. Take the Company Temperature. First, find out if your company will even consider paying for your education. ...
  2. Figure Out You're Asking For. ...
  3. Take a Big Picture View. ...
  4. Research Tax Breaks. ...
  5. Articulate Your Value. ...
  6. Come up with a (Realistic) Schedule. ...
  7. Show Your Loyalty. ...
  8. Have a Plan B.
15 Dec 2014

How do people pay for their MBA? ›

Like undergrads, master's students qualify for both federal and private loans. If you fill out the FAFSA for each year of your MBA program, you can receive unsubsidized loans or PLUS loans from the federal student aid program. If federal loans do not cover the cost of your degree, you can also consider private loans.

Does Procter and Gamble pay for MBA? ›

Proctor & Gamble

For those who work for the company and want to pursue an MBA, P&G has a great tuition assistance program ready and waiting. Once the school and courses are approved, employees can get reimbursement of their educational costs totaling up to 80 percent, with a limit of $40,000.

Does Apple pay for MBA? ›

The estimated total pay for MBA at Apple ranges from $138K to $242K per year.

Does Amazon hire MBA graduates? ›

Amazon is a behemoth when it comes to MBA recruiting. The company is one of the biggest MBA employers, hiring around 1,000 MBAs each year.

Does Apple hire MBA graduates? ›

While many graduates of the top 20 schools on Fortune's ranking of the best full-time MBA programs are hired by Apple and Google, a few programs see these two companies hiring their MBAs in droves.

Is it difficult to get into Goldman Sachs? ›

Goldman Sachs is well known for their lengthy interview process. There's no denying it. GS interview process is really, really tough but it's certainly not impossible as applicants have proved it in the past and so has Nithin who hails from Bangalore and is studying at NITK Surathkal.

Do investment banks hire MBAS? ›

Many professionals with their eyes on an investment banking MBA career path know that a degree from an elite business school can help them achieve that goal. After all, the most prestigious firms–JP Morgan Chase & Co., Goldman Sachs, Morgan Stanley, etc. –recruit almost exclusively from top-ranked MBA programs.

How much do Goldman Sachs interns get paid? ›

And it's not just the banks: interns at proprietary trading firm Jane Street are making an average salary of $16,356 a month — the equivalent of nearly $200,000 a year.
Finance Interns Earn Eye-Popping Pay.
CompanyType of FirmWall Street Oasis
Millennium ManagementHedge Fund8,333
Goldman SachsInvestment Bank8,333
18 more rows
14 Apr 2022

Will McKinsey pay for my MBA? ›

One more perk: McKinsey pays 50% of MBA tuition for returning interns according to Management Consulted. That's not to say you won't find inventive recruiting strategies outside the MBB. Deloitte's Strategy & Operations practice reimburses second year MBA tuition for returning interns – as does ZS Associates.

How much does McKinsey pay post MBA? ›

In 2022, starting base salaries for new MBA grads at the three firms was $175,000. Going into 2023, however, Bain and McKinsey will offer $192,000 base salaries and BCG will offer $190,000.

How much do McKinsey MBA consultants make? ›

McKinsey & Company

McKinsey MBA consultants earn $175,000 in base salary with performance bonuses of up to $45,000. McKinsey also offers 50% off second year MBA tuition for returning interns. A McKinsey consultant salary for master's graduates comes in at $100,000 with performance bonuses of up to $30,000.


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