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MBA in Hospitality Management
MBA in Hospitality Management
● The lowest 10% of Hospitality Managers earn less than $28,870 and the highest 10% earn
● An MBA in Hospitality Management will cost you between $20,684.00 to $96,855.00 year.
● You will need a GMAT score between 479.70 and 590.50 to get into program that offers an
● There are 3,254 Hospitality Management Jobs listed today on MBAGuide.org, 220 that pay
An MBA in Hospitality Management is a surefire way to propel your career as a future leader in the
hospitality industry. Whether you plan on managing group sales for a luxury hotel chain or manage
the seasonal reservations at a ski resort, the sky's the limit for holders of an MBA in Hospitality
Management.
Providing an optimal customer experience for all guests/patrons is at the core of the hospitality
industry. Your MBA studies will include real-world hospitality experiences complimented by a solid
foundation in business principles. Hospitality professors will share their personal experiences as
top-level managers, and teach the latest technology the industry has to offer prospective B-Students.
Graduates of MBA in Hospitality Management programs are poised to become leaders within
high-end restaurants, luxury hotels, resorts, and corporate settings all over the world. If you love to
travel and want a career that takes you to the hottest tourism spots, an MBA in Hospitality
Management is a well-respected credential in the industry. Whether it’s operations management,
customer service and sales management, marketing strategies, or global leadership, B-students are
equipped with the latest approaches to lead effective teams. They'll also learn how to:
From deepening your knowledge of analytics, financial management, marketing and economics to
international business studies, Hospitality B-students are well-rounded business professionals
groomed for entrepreneurship.
Employment of hospitality managers is projected to grow 6% through 2026, about as fast as the
average for all occupations. Expected growth in tourism and travel will be the driving force behind
the growth for Hospitality Managers. Those with an MBA degree will have ample opportunity to go
from middle-management to executive level positions, whether it’s working in a casino, a resort,
corporate restaurant chain or managing a high-end hotel chain. Those who have real-world
experience by way of internship/externship and also have the MBA credential will differentiate
themselves from fellow applicants new to the industry. The most reputable MBA programs will have
understand the importance of globalization and will tailor their curriculums accordingly.
What Are the Average Salaries for
Graduates with an MBA in Hospitality
Management
The median annual wage for hospitality managers is $51,840. The lowest 10% earned less than
$28,870 and the highest 10% earned more than $96,570. Those with an MBA in Hospitality
Management will have the greatest opportunity to secure leadership positions in some of the most
coveted positions.
Graduates with an MBA in Hospitality Management may seek higher-level positions within global
organizations that require international business experience. In the highly competitive hospitality and
tourism industry, professionals are needed to manage all functions of a hospitality business
(operations, finance, marketing, HR, purchasing and buying). They are also responsible for the
recruitment and training of all staff members. From Group Sales Managers to Revenue Managers,
the Hospitality industry has an ever-growing list of career paths for MBA graduates.
housekeeping, HR, concierge, marketing and sales, purchasing, security, maintenance, recreational
facilities, and other activities. The most effective GM’s have the people-skill to motivate and lead
teams and the quantitative skills to analyze the financial health of the business.
Revenue managers are concerned with protecting the company’s bottom line. They are the financial
wizards making sound decisions based around profits and losses. A revenue manager works closely
with bookkeepers, accountants, and buyers to ensure that expenses are limited and profits are
plentiful.
Front-office managers whether it’s training the concierge desk or managing the incoming
reservations, front-office managers are responsible for employees that greet hospitality patrons.
Most Front-office managers are customer service specialists knowledgeable on how to treat guests
as loyal patrons. Most of their day-to-day is spent interacting with guests, training new employees,
Convention service managers special events, conferences, and business meetings are usually
organized through a convention service manager. They deal with the corporate side of event
planning and usually have to coordinate with hospitality staff to ensure smooth operations. These
managers are responsible for billing, booking, and organizing large corporate venues.
Hospitality Managers come from all walks of life. If you love working with people and are a natural
problem-solver, an MBA in Hospitality Management might be the right fit. If you choose the
Hospitality Management concentration, you will receive a world-class business education applicable
to industries outside of the Hospitality if you decide to change your career down the line.
The Career Advancer: This is the hospitality manager already thriving in the industry and looking to
build upon their work experience. They’ve noticed that most of the executives have their MBA and
handle a lot of the back-end financials of the organization. An MBA in Hospitality Management or a
more specialized Master’s in Hospitality Management would further develop their leadership skills
successful enterprise. They have a business plan ready-to-go and now they need to learn all
functions of business in order to take their incredible idea to the next level. This could also be the
small restaurant owner who wants to expand their operations or build a franchise of similar
Career Switcher: This is someone who might have work in retail management, finance, real estate,
education, or marketing that wants to switch careers. This is the person who’s decided to follow their
passion and pursue a career in hospitality. They’re usually customer-centric employees who love
Family-Owned Business: If you’re ready to take over the family business and want to keep it
successful, an MBA in Hospitality Management will give you the business tools needed to run the
operations. If you want to take the family business to the next level and learn the latest cutting-edge
Career Starter: If you’re a recent college graduate and you see yourself managing a hotel,
Academic/Researcher: Whether you want to pursue the MMH degree or an MBA in Hospitality
Management, a graduate degree in hospitality is the credential needed to apply to PhD programs
and start conducting research in the industry. Most terminal degree programs require 3+ years of
working in the field alongside an Master’s in Hospitality degree. This will position yourself as an
academic researchers and the potential to have your extensive knowledge in the field published.
Facilities Management
Operations Management
Institutional Management
Branding
Consumer Behavior
Services Marketing
Sales
Financial Management
Hospitality employers value work experience. This is especially true if you plan on managing a
high-end restaurant chain, a luxury hotel brand, or well-established lodging facility. There are plenty
of hospitality managers that have worked their way up through the ranks and have no formal
education. They have extensive on-the-job training which some employers value over classroom
Online MBA program, it’s important to work in the industry. An on-campus MBA in Hospitality
Management allows you to interact with like-minded hospitality professionals and will provide ample
opportunity to network with professionals already in the industry. On-campus programs will most
likely have recruiting events and a career opportunities department to help assist in your job search.
You can certainly build relationships with an online community; but most likely, they will be students
from all over the world; therefore, it may be a bit more difficult to secure employment via an
eLearning platform.
If you plan on completing your MBA in Hospitality Management online, be sure to ask your B-School
about internship/externship/job placement opportunities for Online MBA students. Here is a quick
The pros of online learning include lower overhead cost which includes online textbooks, dormitory
expenses, and commuting cost. The convenience and flexibility of choosing your own times for
The cons of online learning include limited social interaction, computer and software issues as well
as cost of high-speed Internet, often requires the student be self-motivated and disciplined progress
The pros of campus-based learning include face-to-face and in-person interaction with instructors
and fellow students, regularly scheduled class hours, use of the school’s library, athletic facilities,
and laboratories.
The cons of campus-based learning include the requirement to travel to classes, lack of time
One of the benefits to online learning as it relates to tuition cost is that a number of schools offer free
thinking about your finances. A prospective B-Student in Hospitality Management needs to weigh
their options, whether it's tuition rates, job opportunities, and starting salary. A highly reputable MBA
program can pave the way for a great starting salary by way of on-campus recruitment from luxury
hospitality organizations. An online MBA program can provide the flexibility of completing a program
while being employed in hospitality. With that being said, the lowest in-state tuition for on-campus
MBA in Hospitality programs is $20,684.00 compared to the highest average in-state tuition of
$96,855.00. There's a significant tuition range for in-state programs. The average in-state tuition is
$61,135.80 compared to an average out-of-state tuition of $66,511.40 for traditional on-campus MBA
in Hospitality programs. If you have the option of attending a highly reputable in-state program, it
may be worthwhile to upwards of $12,000 in tuition costs. If geography is a limiting factor, then a
well-respected online MBA program may be the best option for aspiring Hospitality students. The
average in-state online MBA program in Hospitality is $58,769.50 compared to the average online
Campus Tuition
Online Tuition
It's important to note that not all MBA in Hospitality programs require a
GMAT Score for acceptance; but most AACSB programs do. There are other factors that ultimately
experience, letters of reference, CV, and a personal statement. The GMAT measures a prospective
students' ability to quantitatively analyze data. The MBA in Hospitality is considered a more practical
hands-on program because of the requirements needed to enter the industry; therefore, GMAT
scores may take a back seat to a strong undergraduate GPA and professional experience. The
average GMAT score for on-campus Hospitality programs is 546 compared to an online GMAT of
480. If you have a specific program in mind, it's best to boost your GMAT to improve your chances of
acceptance. With a GMAT Score range of 480 to 591, there's plenty of opportunity to attend a
the worst on-campus Student/Faculty ratio of 14.37. The lower the ratio, the better it is for students.
This is especially true in the field of Hospitality where hands-on practical experience is critical to the
B-Students overall success. Students attending a graduate Hospitality program receive personalized
one-on-one attention from faculty mentors who have extensive experience in the industry. The
Student/Faculty metric is a matter of personal preference and for those students who excel in large
groups, may not need the low Student/Faculty ratio. The best Student/Faculty ratio for online MBA
programs is 3.35 compared to the worst online Student/Faculty ratio of 9.00. The combination of
cutting-edge eLearning platforms and innovative Blackboard courses make the online experience a
rewarding one for prospective Hospitality students. The Student/Faculty ratio comes down to
personal preference. For a B-Student interested in networking with professors and fellow students
via a cohort style classroom environment, it's best to look for Hospitality programs with lower
Student/Faculty ratios. If you don't mind the lecture hall environment, then a higher Student/Faculty
prospective Hospitality graduate student is looking for networking opportunities, wants to attend job
fairs, and plans on joining student organizations, B-School enrollment size plays an important role in
the decision-making process. On-campus recruitment is critical for Hospitality graduates. Hospitality
graduates will most likely compete for corporate hospitality positions with their fellow classmates for
these positions are highly coveted. For the B-Student interested in the smaller cohort-style/hands-on
classroom experience and thrives in more intimate hands-on settings, a manageable enrollment size
is the preferred option. This is especially true for Hospitality cohort MBA programs where students
stay together for the entire program. The average MBA in Hospitality full-time enrollment for
on-campus programs is 712 compared to the average online MBA program of 611. The average
MBA part-time enrollment for on-campus is 412 students compared to the average part-time online
enrollment of 487. It's important to note there is a significant difference between the online study
corporate managerial positions for those with international business experience. Just like a the
employee demographics of a highly successful hotel chain, an MBA in Hospitality program should be
a reflection of members of the global hospitality, tourism, and lodging community. The more
international students, the better the program – especially for the aspiring hospitality professional. A
company that hires employees from other countries evolves into a well-rounded organization. The
employee talent should represent the company's most important asset: its patrons. The average
percentage of students from the U.S. in traditional Hospitality MBA programs is 75% compared to
an average of 79% for online MBA programs. If you want to collaborate, network, and learn from
global business leaders, it's highly recommended that prospective B-Students attend an institution
that accepts a higher percentage of international students compared to students from the U.S. If you
are serious about learning from the global hospitality community, you will most likely learn from
that are both academics and industry influencers. They are the subject matter experts in their
Hospitality industry. Most Hospitality, Tourism, and Lodging professors have experienced success in
the industry and have written extensively in their chosen field. The number of highly-qualified
full-time faculty is directly related to the reputation of most elite MBA in Hospitality programs. The
average number of full-time on-campus MBA faculty is 114 compared to 134 for part-time
on-campus programs. The average number of professors with doctorate degrees is 91 for
on-campus MBA programs compared to 90 doctorates for online MBA programs. You want to learn
business from industry influencers and academics who are on the front lines of their respective
industry. Looking at business professor bios, their published work, and their professional history is a
great way to determine if your MBA programs hires quality faculty. You will find that most have
worked at luxury hotel chains, managed five-star restaurants, are industry consultants, or have
specialized concentration, there's a limited number of programs to choose from in the MBA Guide.
There are 6 on-campus traditional MBA in Hospitality programs in the U.S. compared to 2 accredited
online programs. As mentioned previously, Hospitality is one of the most specialized MBA
Hospitality courses are designed to create well-rounded managers in both luxury hotels, high-end
restaurants, and tourism settings. There are plenty of career paths for an aspiring hospitality student.
An MBA in any specialization is a highly respected credential and the perfect launching pad for