MBA Graduates in High Demand

MBA Graduates in High Demand, Preparing for the GMAT More Important Than Ever July 19, 2006, (PRWEB)

Job prospects have never looked better for business school graduates. According to new research from the Graduate Management Admission Council (GMAC), corporate recruiters plan to hire 18 percent more MBAs this year than in 2005. Moreover, the survey found that the average new MBA’s starting base salary is over $92,000 up 4.2 percent from the $88,626 average in 2005. The average total compensation package for newly minted MBAs has risen to $99,737.

Numbers for the top b-schools look even more promising. Last year, Harvard Business School graduates reported an average total compensation package worth over $174,000, up 11 per cent from 2004. MBAs from Dartmouth College’s Tuck School reported a substantial increase of more than 15 percent, receiving an average of $150,000 and Stanford Business Graduates averaging almost $149,913, up 9.5 percent.

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The graph was taken from the Corporate Recruiters Survey 2005–06 Survey Report downloadable from the GMAC website.

You might also want to have a look at other reports available for download at the GMAC website.