A recent survey made by GMAC has shown that MBA graduates witnessed a rise in both employability and salaries in 2010 as the severe recession of the preceding years began to release its grip worldwide, International Business Times has reported.
The survey has gathered answers from 3500 business school graduates who earned their degrees in the past ten years. Here are the highlights from their responses: around 12 percent of graduates from the class of 2010 indicated that their starting annual base salary exceeded their expectations and more than half (58%) said their salary expectations were met. The same 70 percent also reported receiving two job offers on average. However, alumni whose expectations were not met reported single job offers. The median salary reported by class of 2010 respondents who began a new job after graduation was US$78,820. Overall, the median base salary for business school alumni in the survey topped US$94,500 in 2010-well above the pre-recession level of US$89,000 recorded in 2007.
One of the main conclusions the survey made was that on-campus recruiting opportunities increased for most schools worldwide, leading to great optimism in the expectations of career services professionals, a majority of whom predict continued growth in total job opportunities in 2011.
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