From the US Bureau of Labor Statistics Occupational Outlook Handbook - see complete article: http://www.bls.gov/oco/ocos258.htm
A bachelor’s degree usually is required for management positions, although employers often prefer a graduate degree, especially an MBA with technology as a core component. This degree differs from a traditional MBA in that there is a heavy emphasis on information technology in addition to the standard business curriculum. This preparation is becoming important because more computer and information systems managers are making important technology decisions as well as business decisions for their organizations. Some universities specialize in offering degrees in management information systems, which blend technical core subjects with business, accounting, and communications courses.
A few computer and information systems managers attain their positions with only an associate degree, but they must have sufficient experience and must have acquired additional skills on the job. To aid their professional advancement, though, many managers with an associate degree eventually earn a bachelor’s or master’s degree while working.
According to Robert Half International, a professional staffing and consulting services firm, average starting salaries in 2005 for high-level information technology managers ranged from $80,250 to $112,250. According to a 2005 survey by the National Association of Colleges and Employers, starting salary offers for those with an MBA, a technical undergraduate degree, and 1 year or less of experience averaged $52,300; for those with a master’s degree in management information systems/business data processing, the starting salary averaged $56,909.