The promises that an MBA degree can bring include higher position, more respect from others and enhanced management skills. The more alluring factor is of course the potential financial bonanza that it can bring forth which can help to improve one's quality of life. But just how much can a person with an online MBA earn, you ask?

On average, you can expect to earn 50 percent more than you previously earn before obtaining your MBA. That is quite a substantial amount! All your hard work will pay off ultimately. According to the National Association of Colleges and Employees in 2006, average MBA salaries were $90,000. As for first-year MBA graduates, their salaries range from $50,000 to $75,000.

Graduates with MBA degree in different fields differ in the amount of salary they receive. According to the Graduate Management Admission Council (GMAC), the average salaries of first-year MBA degree holders plus compensations in 2006 in different fields are as follows: health care ($111,477), finance ($103,122), consulting ($101,736), energy/utilities ($100,263), high tech ($98,621), manufacturing ($98,417), products/services ($94,558) and non-profit/government ($73,125).

There are also a myriad of factors that govern the amount of salary of an MBA holder. These factors include the school's reputation, post-MBA role, geographic location, industry, cost of living, pre-MBA experience and undergraduate major. In terms of years of experience, it is known that the more experience you amass, the higher your earning will be. If you only have less than a year of experience, your average salary will be $50,427. On the other hand, if you amass between one and four years of experience, you can expect your average salary to be $56,090. With five to nine years of experience, the average salary is $74,053. With ten to nineteen years of experience, the average salary is $94,038. If you have twenty or more years of experience, you can expect to be paid a hefty $103,600 on average.