GMAC’s last report on the labor market for MBAs has been hot and cold sand. The number of vacancies for graduates in the summer of 2010 has increased compared to previous promotions, but in return the pay is lower when compared to the heyday of 2008.
Although not all recognize it, most students who are studying a MBA expect its revenues and increase its outreach work after they leave school. But in the midst of a major economic crisis in history and still many uncertainties about the timing of recovery, it is difficult to meet all expectations. Outlook Survey Alumni conducted by GMAC, the company responsible for administering the GMAT, offers a clear view on the state of affairs.
The study was conducted on the responses of students who graduated in summer 2010, i.e., the last class of MBA and shows a slight recovery. So much so that 88% of alumni and has received a job offer for only 12% who are still looking and waiting. This is an improvement of four percentage points from 2009 when only 84% of graduates had employment proposals just outside the classroom.
In total, the class of 2010 has received an average of 1.9 job offers with 4% self-employed alumni. But not everything could be positive. The increase in number of bids does not imply a qualitative improvement of the same and therefore only 59% achieved the kind of proposal would have liked.
To this must be added that, according to GMAC’s wages are still far from pre-crisis levels of 2008. The average salary offered to students starting in 2010 totaled $ 78,819, $ 75,000 in 2009 but well below the $ 80,000 earned by graduates in 2006, 2007 and 2008.
The GMAC survey was completed by 824 alumni of 126 business schools where more than half, about 470, came from U.S. 131, 91 Asia-Pacific and Europe.
The 2010 Study Recruiters complete view of previous research and confirms the usefulness of such tests. In this sense, we have met the expectations of an increase in hiring as could release the 5% increase in hiring plans and the expectation that no drastic reductions in staff.
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