It should come as no surprise to anyone that earning a Master of Business Administration (MBA) degree opens the door to a new realm of opportunities. A 2010 study in the Journal of Education for Business found that the MBA graduates saw a 41 percent increase in their overall pay in the first year after graduation and an additional 56 percent increase within five years. Looking at those numbers, it’s easy for one to expect that putting in the time and effort to get an advanced business degree is the first step on the path to a six-figure salary.

In fact, it’s the promise of greater earning power that compels many prospective students to take the plunge and enroll in an MBA program.…