According to an annual survey by GMAC of employers’ intentions on hiring MBA graduates, business-school graduates from around the world can expect more job opportunities in 2012. The downside however, is that starting salaries for MBA graduates will likely not increase in 2012. The business school association GMAC, surveyed 216 multinational firms from serviced offices London offers to New York on their prospective MBA graduate programmes.
MBA Graduate Career Opportunities
Of the firms interviewed, three-quarters who responded said that they are looking to hired MBA graduates in 2012, which is up from 58% the previous year. Furthermore, over half claimed that they would hire other MBA post graduates, as in Master’s in Management programmes. Internship opportunities for MBA graduates are also looking positive, with most firms saying that they had had internship programmes in 2011. For next year, 22% of firms stated that they are considering offering more MBA graduate internships, whilst 39% plan on offering the same number. Overall, 69% of respondents have said that MBA graduate internships will have salaries.
MBA Graduate Salaries
However, the salaries overall should not expect to see an increase. Sixty-five percent of firms said that staring salaries for MBA graduates will be the same as 2011, which considering inflation means a drop in real terms. A minority one third intend to increase remuneration, although it is not indicated whether the increases considers inflation. The number of students completing MBA graduate programmes overall has decreased, thus we can infer that this means more hiring and fewer candidates, yet less money. Is the intrinsic value of MBA graduates falling?
MBA Graduate Schools
If this is the case, it can only mean negative news for the schools, as the tuitions fees are steadily increasing each year. However, corresponding salaries for MBA graduates seem to be stagnant. The Economist 2011 full-time MBA ranking revealed that besides the top fifteen MBA graduate schools, the average salary for MBA graduates fresh out of school was $81,178 per annum, whilst tuition fees stood at $81,911. Compared to five years ago, when tuition on average was around $60, 247 and average starting salaries for MBA graduates were $78,442 per year, the disparities between salaries and income seem to be increasing. Perhaps these sluggish figures for entry level jobs for MBA graduates, even in the executive suits California and Hong Kong have, are responsible for the drop in students enrolling in MBA graduate courses. The Global MBA Ranking for 2011 by the Financial Times has been released, ranking London Business School first, University of Pennsylvania: Wharton second, and Harvard Business School third.
Penny Munroe is an avid writer in business and education news from around the world, aiming to inform readers on trends in various sectors.
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