Employment Outlook Positive for MBA Grads
In a new survey of 1,500 global companies, 70 per cent indicated that they are planning to hire a graduate with a master’s degree in business administration (MBA).
The Graduate Management Admissions Council, which conducted the poll, reported that this is a six per cent increase on last year’s figure, according to KTAR.com.
Some sectors showed a particularly strong interest in hiring MBA graduates, including healthcare, pharmaceuticals, financing, accounting, and consulting.
It also found that the companies planning to recruit MBAs are willing to pay more this year, with the average starting salary increasing from $80,500 to $83,5000.
Dave Wilson, president of the Council, suggested that MBA students may be popular with employers because they offer more experience that undergraduates.
“The MBA brings a lot of different skills and it brings maturity. The typical MBA candidate has anywhere from three to five years of work experience before going back to school.”
MBA programs generally cover a wide range of subjects, such as economics, marketing, accounting, strategy and project management.