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.
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