Chicago Booth | Mr. Needy Spartan
GMAT 740, GPA 3.6
INSEAD | Ms. Low GPA, Big Ambitions
GRE 2.64, GPA 2.64
Stanford GSB | Mr. Energy Focus
GMAT 760, GPA 3.7
MIT Sloan | Mr. Low GPA Over Achiever
GMAT 700, GPA 2.5
Georgetown McDonough | Mr. Aspiring Consultant
GMAT 690, GPA 3.68
NYU Stern | Ms. Art World
GRE 322, GPA 3.3
NYU Stern | Mr. Hail Mary 740
GMAT 740, GPA 2.94
Stanford GSB | Mr. Big Tech Engineer
GRE 332, GPA 3.95
IU Kelley | Ms. Biracial Single Mommy
, GPA 2.5/3.67 Grad
Berkeley Haas | Ms. 10 Years Experience
GMAT To be taken, GPA 3.1
Yale | Mr. Army Infantry Officer
GMAT 730, GPA 2.83
Yale | Ms. Social Impact AKS
GRE 315, GPA 7.56
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
Kellogg | Mr. Bird Watcher
GRE 333, GPA 2.9
Harvard | Mr. Relationship Manager
GMAT 750, GPA 3.8
Kellogg | Mr. Chief Product Officer
GMAT 740, GPA 77.53% (First Class with Distinction, Dean's List Candidate)
Harvard | Mr. Political Consultant
GRE 337, GPA 3.85
MIT Sloan | Mr. Refinery Engineer
GMAT 700- will retake, GPA 3.87
Said Business School | Mr. Across The Pond
GMAT 680, GPA 2.8
Stanford GSB | Mr. Singing Banking Lawyer
GMAT 720, GPA 110-point scale. Got 110/110 with honors
Stanford GSB | Mr. Corp Finance
GMAT 740, GPA 3.75
Kellogg | Mr. Marketing Maven
GRE 325, GPA 7.6/10
Stanford GSB | Mr. Vroom Vroom
GMAT 760, GPA 2.88
N U Singapore | Ms. Biomanager
GMAT 520, GPA 2.8
Stanford GSB | Mr. Health Nerd
GMAT 740, GPA 3.5
Wharton | Mr. Army & Consulting
GMAT 760, GPA 4.0
Berkeley Haas | Mr. 360 Consultant
GMAT 720, GPA 3.4

The MBA Bump: How Much To Expect?

Career switchers did slightly better than graduates who returned to the same industry that they had worked in before going to school. The average increase over pre-MBA salary for a career switcher this year is 71%, versus 67% for graduates who stayed in the same industry (see table below).

PERCENTAGE CHANGE IN ANNUAL BASE SALARY BY STUDENT DEMOGRAPHICS, 2011 VS. 2012

One of the most important factors in the bump tends to be a graduate’s decision to enter a specific industry. According to GMAC, some of the biggest increases this year were in high tech where base pay jumped an average of 69% over pre-MBA salaries (see table below).

PERCENTAGE OF JOB SEEKS WITH A JOB OFFER 7 CHANGE OF SALARY, BY PREFERRED INDUSTRY 

GMAC said that a job seeker in the Class of 2012 who received a job offer submitted approximately nine resumes, had four interviews, and received an average of two job offers, which would suggest that they expended less effort and achieved a higher job offer yield than class of 2011 graduates with job offers, who submitted an average of 16 resumes, landed six interviews, and received the same number (2) of job offers.

Internships were also the most successful way to find a post-MBA job. while school-based programs also were an extremely viable method for obtaining job offers. GMAC said students with the highest success rates used school career services (53%), school job boards (44%), job fairs (35%), and networking with their classmates and alumni (32%).  The average job seeker used six search methods to obtain a job offer (see table below)

JOB SEARCH METHODS AND SUCCESS RATE

Source: 2012 GMAC Global Management Education Graduate Survey

DON’T MISS: WHAT COMPANIES ARE PAYING MBAS THIS YEAR or FIRMS PLAN TO HIRE MORE MBAS THIS YEAR

 

 

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.