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http://www.gmac.com/
Graduate Management Admission Council® The reports and latest findings from Graduate Management Admission Council® are available at: http://www.gmac.com/gmac/ResearchandTrends/SurveyReports/MBAAlumniPerspectivesSurvey.htm More than 2,500 graduate business school alumni around the world participated. The research objectives were to document first and current job characteristics; to track changes in responsibility, promotions, and salary over time; to assess the performance of graduate management education from a retrospective point of view; and to monitor the educational needs of alumni. Key findings are as follows: • Financial outcomes drive overall satisfaction with the graduate business degree. • About six months after graduation, alumni recoup 47 percent of the investment they made in their education, and about one half of alumni recoup their full investment within seven years. • A majority of alumni feel that they made the right decisions about pursuing a graduate business degree and their choice of school, program, and area of academic concentration. • Earnings increase as the amount of time since graduation increases. On average, the most recent business school graduates currently earn US$92,360 annually; those who graduated in 2000 earn 78 percent more—US$164,628 per year, on average. • There is greater consistency between goal-orientation and current job for alumni who have been out of school longer compared recent graduates; the match between career goal-orientation and current job strengthens over the years, as alumni gain both greater job experience and time to evaluate career and goals. • Organizational culture has a significant role in the level of satisfaction alumni have with their employer; alumni working in organizations that have well-defined frameworks, open interpersonal relationships, and team-based rewards tend to be more satisfied.
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