It seems that an MBA is still the path to not only employment but also a more than decent salary. Research conducted by the Graduate Management Admission Council (GMAC) shows that 88 per cent of 2010 business school graduates have bucked current trends and had jobs upon graduation. This figure is four per cent higher than the class of 2009, with employment levels for recent alumni nearing the pre-recession levels of 2006 and 2007.
According to the GMAC research, 59 per cent of respondents from the 2010 graduating class reported that the job they acquired was definitely the one they desired, while as many as 70 per cent indicated that their starting annual base salary either met or exceeded their expectations.
And according to a separate report by the QS World MBA Tour, which surveyed more than 5,000 companies in 36 countries, the finance sector hired 22 per cent more MBAs in 2010 than the year before and expects to increase hiring by 11 per cent in 2011, while the consulting industry increased hiring by 19 per cent last year over its 2009 levels, and plans to bump hiring up 37 per cent this year. "Optimism is returning to the MBA marketplace, with MBA job opportunities increasing in most countries around the world," observes Nunzio Quacquarelli, director of the QS World MBA Tour. "MBA salaries softened slightly in 2010 but are likely to jump again if a double-dip recession is avoided and current growth in MBA demand continues."
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