Employment can be one of the biggest challenges facing veterans—a recent study by the Veteran Workforce Network found that post-separation from the military, many veterans experienced difficulty both finding employment and being satisfied in their jobs.
One source of support that's available for veterans is business school. According to GMAC’s Application Trends Survey 2025, military applications to full-time, one-year MBAs more than doubled from 2024 to 2025, up from 4% to 9%. In two-year MBAs, around 10% of the total applicant pool had a military background.
Not only do MBAs and other graduate business programs offer classroom learning on important business concepts, they also provide dedicated careers support and a network of peers for veterans to plug into as they adjust to life after military service.
If you’re a veteran contemplating your next career move, here are six reasons to consider going to business school.
1. An MBA uses management and leadership skills gained in military service
When the bulk of your professional experience has taken place in barracks rather than offices, it can be overwhelming trying to translate your skillset to a business environment—a recent survey from the Wounded Warrior Project found that 37% of unemployed veterans had difficulty translating military skills to the civilian workforce.
Business school can show you that it doesn’t have to be so challenging. The dean of Dartmouth College's Tuck School of Business, Matthew Slaughter, says that, particularly in the area of leadership, veterans have a lot to bring to the table.
“Many of our MBA candidates that come from a military background have substantial experience [of leadership], sometimes from being in a military academy or the Reserve Officers Training Corps,” he says.
“They have led and managed teams, sometimes hundreds or thousands of individuals. They bring, I think, a direct experience and gravitas [from] the way that they’ve thrived in the military that has a direct parallel to the kind of learning we do at the Tuck School.”
It’s not just Tuck, either—any good MBA program will offer leadership training as part of its core curriculum. MBAs can help veterans identify their own management styles and recognize the overlap between military and business leadership, as well as allowing you to supplement your skills in other areas, including highly technical ones such as data analytics.
There are also more specialized options if an MBA program doesn’t appeal. For example, the University of Southern California’s Marshall School of Business offers a dedicated one-year Master of Business for Veterans, aiming to leverage the specific skills given by military experience into a successful business career.
2. Vets can be eligible for up to 100% bursaries at top-ranked schools
One of the biggest deterrents for any professional considering business school is the cost involved, particularly for full-time programs where working alongside the degree is not necessarily feasible.
However, veterans often have a broader range of funding options available to them than their civilian counterparts. Not only do federal and state programs like the Yellow Ribbon program exist to help fund education for ex-military personnel, but there are also private funds like the Wells Fargo Veterans Scholarship program, which provides students with grants of up to $5,000 per year.
In addition to these external financing options, many business schools offer their own scholarships and bursaries for veterans.
Ohio State University’s Fisher College of Business offers up to five full-tuition scholarships a year for highly qualified veterans and military-connected individuals. Boston University’s Carroll School of Management automatically applies military applicants with a $100 application fee waiver and exceptional MBA applicants who have graduated from the United States Naval Academy can apply for full tuition remission for up to two years of graduate study through the US Naval Academy Fellowship.
3. Online MBA study can fit around a return to civilian life
Perhaps it’s not the expense that’s putting you off full-time MBA study, but the inaccessibility of a rigorous academic calendar. Unfortunately, Veterans often experience ongoing mental or physical health issues after completing their service, this can make on-campus education particularly tricky.
However, such accessibility requirements do not need to stop you from benefiting from business school. Online MBA programs can offer many of the same advantages as in-person programs without the need to study on-campus or even on a rigid schedule.
The Online MBA at the University of Florida’s Warrington College of Business is in the top three online MBAs for veterans, according to US News. It is available in an accelerated 16-month format, or a longer 24-month option, and allows students to connect with peers and professors virtually while also accessing careers support from the university.
Susan Torres (pictured) is a graduate of the school's Online MBA, and she says the program was very accommodating of her unique situation.
“UF's MBA program allowed me to pursue my MBA while still serving on active duty,” she says. “I was not able to maintain a steady schedule due to my service, but UF allowed me to make it work.
“From the admissions department allowing me to delay my entry into the program due to last-minute military orders, to the professors extending due dates to account for my time at sea, the UF staff were nothing but supportive.”
Susan was even able to participate in work experience on the program, undergoing a remote internship with Airbnb.
4. You’ll find a like-minded community at b-school
Because of the strength and popularity of business education as a launchpad for post-military careers, it is easy to find your community once you enroll in a program.
Most schools have dedicated societies for ex-military students, for instance, the Wharton Veterans Club and the Armed Forces Club at Vanderbilt University’s Owen Graduate School of Management.
As well as student groups at individual schools, veterans can also access external organizations like the Veterans in Business Network, which can help students build up their network outside of business school while they’re still studying.
5. You’ll benefit from personalized career coaching
You'll gain more than a strong understanding of business concepts and an in-built network once enrolled at business school. Any good business master’s program will provide personalized career coaching, and many schools pay particular attention to veterans’ journeys back into the workforce.
“At the University of Florida we have a Collegiate Veteran’s Success Center, vet success counselor on campus, our Office of Student Veteran Services, and the Collegiate Veterans Society,” says Warrington’s MBA director of admissions Naz Erenguc (pictured).
“We have dedicated academic advisors that will assist in creating an individualized curriculum if a student is deployed, and a professional development team to support co-curricular training opportunities.
“Lastly, we offer a dedicated Career Services Team that coaches our students on what opportunities are out there and how to make them the top candidates for the positions they are applying to.”
6. You’ll command a higher starting salary after graduating
Finally—and perhaps most importantly—most business degrees offer a high return on investment thanks to the greater salary prospects available to you once you graduate.
This is particularly true for MBA programs, where graduates from top schools like Wharton receive, on average, double their pre-MBA salary upon graduation, not including any signing or performance bonuses.
In fact, in 2025, the median starting salary for MBA grads in the US is $125,000—up from $120,000 in 2024—and can even be higher depending on which school you graduate from. At Wharton, home of the top-ranked MBA according to the Financial Times, graduates earn over $240,000 on average three years after graduation.
These salaries are particularly impressive when compared to average salaries in the US—for instance, the median salary and income in the US in 2025 is just over $62,000.
Weighted salary of the top 10 MBA programs
This article was first published in November 2022 and last updated in November 2025.