2013 MBA Recruiters Survey conducted early in the year had shown indications that the job openings in 2013 are slowly matching the Pre-2008 levels. This has been confirmed with the B-School Follow-up Survey conducted in September 2013. This survey was conducted for the Class of 2013 by surveying 915 students from 129 Business School around the world.
Here are the Key Findings
1) Small Dip in Employment: 90% of the Alumni was employed, a drop of 2% from 2012(92%)
2) Value of MBA: 74% of the Class of 2013 felt that Graduate Management Education helped them find the opportunities. 26% felt that they would have received the same opportunities without an MBA.
3) Rise of 2-Year Full-time MBA: 92% Full-time MBA students surveyed were employed (highest level in the past 5 years, a 2% increase from 2012)
4) Drop for 1-Year Full-time MBA: 82% International MBA students surveyed were employed (drop of 7% from 2012)
5) Drop in Employment Rate for Masters Students: 76% Masters Students (non-MBA) were employed, a drop of 8%.
6) Industry: Products/Services was the most popular industry (21%) for the Class of 2013 followed by Finance/Accounting (19%), Consulting (17%), Technology (15%), Manufacturing (9%), Non-Profit/Govt (8%), Healthcare (6%) and Energy/Utilities (5%).
7) Job Functions: For the Class of 2013, Finance/Accounting was the most popular job function (22%), followed by Consulting (19%), Marketing/Sales (19%), General Management (18%), Operations/Logistics (13%), IT/MIS (6%), and finally HR (3%).
8) Full-time MBA Compensation: Median salary for US Citizens completing Full-time Two-Year MBA in 2013 is US$90,000 with a bonus of US$10,000.
9) Part-Time MBA Compensation: Median salary for US Citizens completing Part-time MBA in 2013 is US$85,000.
10) Unemployment: 10% of the Class of 2013 was unemployed. The primary reason for this was
lack of relevant industry and functional experience. The second reason was the inadequate salary offered to them post-MBA and final reason was the inability to find an interesting job.
Please note that only 19% surveyed responded. Therefore, don’t make hasty conclusions based on the response. Always check the data associated with the survey before making any decisions. The distribution of survey respondents based on nationality is also important to understand the trends. In this survey, 433 Alumni was from US, 129 from India, 109 from Latin America, 96 from Asia-Pacific, 89 from Europe, 25 from Canada, 20 from the Middle East/Africa region.
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
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+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
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+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
IIMA vs. ISB (2017)
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK