The 2012 Alumni Perspectives GMAC report gives us insight into the real return on investment on MBA programs – Salary, Job Satisfaction and Current Employment.
Salary and Compensation: According to the survey, the median Salary reported by Full-time MBA Alumni from 2000-11 was US$95,000, with additional compensation of $18,123. As expected, Executive MBAs earned the highest median salary, $ US$125,000 and the highest compensation of $ US$153,445. Part-time MBAs earned the lowest median Salary at US$91,000, with additional compensation of US$106,000.
Return on Investment: Ten years after graduation, MBA Alumni nearly doubled their return on investment. Within the first year of graduation, nearly 1/3rd of the investment on graduate degree were earned and the entire investment were earned in four years
Job Satisfaction: The real return on investment on your MBA degree is Job Satisfaction. It directly relates whether you have achieved your post-MBA goals. Interestingly, 36% of the survey participants said that passion (doing work that one enjoys) is the prime driver for Job Satisfaction followed by compensation (18%) and 15% recognition.
Want to know who were the least satisfied after their MBA program?
Alumni working in Entry-Level positions and those who were working in Information Technology or MIS jobs were the least satisfied.
Who are the happiest?
Alumni in General Management, Finance or Accounting and Consulting were more satisfied than alumni employed in in operations, logistics, human resources, marketing and sales positions. Overall, 80 percent of survey respondents felt very or somewhat satisfied with their current job
Current Employment: Alumni from 2000 have reported a high employment rate (90%) right from the beginning. Out of the 6% unemployed survey respondents, 47% cited lack of relevant industry or functional experience as the reason for not having a job.
Regional Employment Trends: US and Central Asian citizens have the highest employment rate - 95% and 94% respectively. Middle Eastern or African citizens have the lowest employment rate - 90%.
Employment Trends (Gender): Interestingly gender parity in Employment was contradicting the regional employment trends with 93% of men from Asia/Pacific region being currently employed against 84% women. Canadian citizens have the best Gender parity when it comes to Employment with 92% for men and 91% for women.
What is the real value of an MBA?
4 out of 5 alumni felt that Graduate Management Degree have given them great job stability in a weak economy. 9 out of 10 alumni felt that their Graduate Management education gave them the flexibility to choose current career path.
Download the Full Report
2018 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?
We cover them all through our extensive analysis.
+ 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
+ Leadership Development
+ 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