First, let's talk about the financial aspects. According the the Graduate Management Admissions Council (GMAC), the group that administers the main MBA admissions test, the GMAT, median new hire MBA salaries have increased from $105,00 to $115,000 in 2018. Granted, that level is impacted substantially by geographic location, industry, and experience of applicant, but as you can see, the salary benefits are non-trivial.