New Poll sees Job Market for MBA Grads improving
MBA News Barbara Barkhausen / 01-04-2011
Good news at the end of a quite tough year: business school graduates seem to be having an easier time finding jobs again. However, hiring has still not returned to the levels before the financial crisis.
The Graduate Management Admission Council has published its recent poll which found that 88 percent of MBA and graduate management students from the class of 2010 have found employment. This is up four percent from the 84 percent in 2009 and a first sign of an improving job market. The survey also found that starting salaries rose from an average of 75,000 in 2009 to 78,820 US-Dollars in 2010.
However, there is no reason for too much joy as the MBA job market has still not fully recovered according to Nicole Hall, President of the MBA Career Services Association. She told The Wall Street Journal, that only a small percentage of students are receiving multiple offers these days. Companies are also recruiting closer to home to save money. "We still see companies are conservative with hiring and not equal across all industries. But overall, hiring appears to be up. It's still dramatically down from 2007 and 2008. Back then, employers were engaging earlier on, and I'd have a full recruiting calendar," says Hall. "We're nowhere near where we were in the past."
Sources:
http://www.braintrack.com/college-and-work-news/articles/job-market-improves-for-mba-grads-10120301
http://online.wsj.com/article/SB10001424052748703945904575645201882250696.html?mod=WSJ_Careers_CareerJournal_2
http://www.businessweek.com/bschools/content/nov2010/bs20101110_255552.htm?chan=bschools_special+report+--+best+b-schools+2010_special+report+--+best+b-schools+2010
