Source: The Wall Street Journal
by Lindsay Gellman,
June 28, 2016.
GMAC survey indicates a median starting base salary of $105,000 this year
About 88% of corporate recruiters said they planned to hire recent M.B.A. graduates this year, according to a survey by the Graduate Management Admission Council. PHOTO: JASON HENRY FOR THE WALL STREET JOURNAL
Business schools won’t release career-placement and salary numbers for their M.B.A. graduates for several months, but a survey of corporate recruiters suggests that this year’s business-school grads have been welcomed into the workforce.
Some 88% of corporate recruiters said they planned to hire recent M.B.A. graduates this year, up 8 percentage points from last year, according to a report from the Graduate Management Admission Council, which tracks M.B.A. trends. GMAC surveyed 842 employers representing more than 530 companies in 40 countries world-wide who recruit directly from participating business schools.
U.S.-based companies said they planned to offer recent M.B.A. graduates a median starting base salary of $105,000, up from a median of $100,000 last year, according to the survey. Globally, more than half of employers said they would increase M.B.A. starting salaries at or above the rate of inflation.
The survey was conducted in February and March, well before last week’s Brexit referendum, which could change recruiters’ plans for this fall and beyond. At the time, a larger share of companies—89%—said they planned to recruit M.B.A.s on campus this year, up from 85% last year.
GMAC commissioned a separate survey of 1,282 companies to determine the appetite for M.B.A. talent in certain global regions. In Germany, 35% of companies cited plans to hire M.B.A.s, as did 38% in the U.K., 39% in France, 52% in the U.S., 66% in India and 70% in China, according to the survey.
