According to the annual international surveys released on May 10th by Graduate Management Admission Council (GMAC), job opportunities for MBA graduates have improved in 2011. This increase in post-MBA job employment is expected to continue for this year. The survey shows that more Business School graduates were able to find jobs before finishing their studies this year, compared to 2010.
Post-MBA Job Opportunities
This trend is attributed to the increased optimism shown by companies with regards to their growth plan. More and more companies are focusing on growing their Business and bringing on new employees after three years of poor economic conditions. The GMAC Survey showed that more than 54 percent of MBA graduates, responding to the survey, has at least one job in their hands. This was 22 percent up compared to previous year's trends.
Increase in Salary
Graduates from two-year Full-time MBA Program reported a 73 percent increase in their salary compared to their Pre-MBA remuneration. This is a 9 Percent increase when compared to previous year's Average Salary increase. New hires in the US is expected to earn an average base salary of $91,433, up from $89,141 last year and $86,299 in 2009.
67 Percent of Employers responding to the survey expect to hire new MBAs compared to 62 percent in 2010 and 50 percent in 2009. This supports their strategy to shift their focus from efficiency to growth.
The 2011 GMAT Global Management Education Graduate Survey evaluated response from 4,794 graduating members of the class of 2011 at 156 graduate business schools worldwide.
Visit gmac.com/globalgrads for a report about the survey findings.
About GMAC and the GMAT exam
The Graduate Management Admission Council (www.gmac.com) is a nonprofit education organization of leading graduate business schools and owner of GMAT® exam, used by more than 5,000 graduate business and management programs worldwide. GMAC is based in Reston, Virginia, and has regional offices in London, New Delhi, and Hong Kong. The GMAT exam—the only standardized test designed expressly for graduate business and management programs worldwide—is continuously available at more than 530 test centers in over 110 countries. More information about the GMAT is available at www.mba.com.