home > news > MBA Careers > More B-School graduates employed now than before

More B-School graduates employed now than before

The employment scene is not as bad as it looks with nine out of ten management graduates landing a job even before they graduate

Publish a story

Nine of out 10 MBA graduates find a job before graduation

If you had thought that doing an MBA now may not pay off in terms of a job, then it's time for you to think again. It's not all bad despite the less than positive economic scenario.

Nine out of 10 MBA and other management students who finished their courses in 2010 had landed themselves a job before graduation, reveals a survey. This is an increase from last year, when less than 85% graduates found a job before they got their degrees.

The Alumni Perspective Survey done by the Graduate Management Admission Council (GMAC) used information from 824 alumni from the class of 2010 who had pursued management courses in business schools around the world.

In fact, not only are more graduates from management programs employed before they finish their course, they also have higher starting salaries than those who had graduated the year before. The survey shows that the median starting salary for 2010 graduates was US $78,820, while for those in 2009 was lower at US $75,000.

And the graduates credit their degrees for their current jobs. Three-quarters of those surveyed believe that their management course helped them with their career.

According to Dave Wilson, President and CEO of GMAC, "Companies are managing through an unprecedented economic environment. It is precisely because of these pressures that they place such a high value on newly minted MBAs to help them survive and thrive.”

With unemployment figures soaring and with more lay-offs being announced every other day by different companies, this is certainly something positive in an otherwise gloomy outlook on employment.

And for those with the question of 'to do or not to do...' on their minds, this news should give them a push in the right direction.

Share |

This is member-submitted content.

BusinessBecause does not take responsibility for member-submitted content.

When publishing this story the member accepted responsibility for the content according to the User Generated Content policy in our T&Cs

Comments

16 November 2010

There are at least 100 top ranked Business Schools across the world and the mean number of students for each school would come to 250 by conservative estimates.

Thus there are 250,000 new MBAs that Graduate every year from global Business Schools around the world.

Now, when there is a user base as large as that available, you cite the results of a study where the sample size is 824 I would have no hesitation in saying that the results of this study are "Statistically Insignificant".

The sample size should have been atleast 30% of the user base to have any credibility, which is about 75,000.

Many people who come to do an MBA already have a job and study because the company sponsors them to study. Many other students go back to their old jobs, while many other take up jobs that were not there target.

An MBA is a great experience and place to learn however don't base your decisions solely on such reports and studies. Its definitely not as rosy as this article makes it to be

Kirti Dhingra

Post new comment

Login to post new comment or post a quick comment below (your email address will remain private):

Suggestions:

By Rashmi Krishna Kumar

16/11/2010

Tags:

MBA
Graduate Management Admission Council (GMAC)
Dave Wilson

I've heard graduates from the Nanyang business schools often seek to complete internships whilst completing their MBA, i think many more businesses should encourage this.
from Nishant Brar