Stanford GSB | Mr. Latino Healthcare
GRE 310, GPA 3.4
Duke Fuqua | Mr. Military MedTech
GRE 310, GPA 3.48
Wharton | Mr. Aspiring Leader
GMAT 750, GPA 3.38
Cornell Johnson | Mr. Advisory Consultant
GRE 330, GPA 2.25
Kellogg | Mr. Equity To IB
GMAT 730, GPA 3.6
INSEAD | Mr. Marketing Master
GRE 316, GPA 3.8
Darden | Ms. Marketing Analyst
GMAT 710, GPA 3.75
Darden | Mr. Corporate Dev
GMAT Waived, GPA 3.8
Cornell Johnson | Mr. SAP SD Analyst
GMAT 660, GPA 3.60
Kellogg | Ms. Public School Teacher
GRE 325, GPA 3.93
Berkeley Haas | Mr. Army Officer
GRE 325, GPA 3.9
INSEAD | Mr. Future In FANG
GMAT 650, GPA 3.5
Harvard | Mr. Hedge Fund
GMAT 740, GPA 3.8
Stanford GSB | Mr. Deferred MBA
GMAT 760, GPA 3.82
Stanford GSB | Mr. Robotics
GMAT 730, GPA 2.9
Stanford GSB | Ms. Artistic Engineer
GMAT 730, GPA 9.49/10
Yale | Mr. Army Pilot
GMAT 650, GPA 2.90
Kellogg | Mr. Double Whammy
GMAT 730, GPA 7.1/10
INSEAD | Mr. Tesla Manager
GMAT 720, GPA 3.7
Darden | Mr. Tech To MBB
GMAT 710, GPA 2.4
INSEAD | Ms. Investment Officer
GMAT Not taken, GPA 16/20 (French scale)
McCombs School of Business | Mr. Startup Of You
GMAT 770, GPA 2.4
Kellogg | Mr. Hopeful Admit
GMAT Waived, GPA 4.0
UCLA Anderson | Mr. International PM
GMAT 730, GPA 2.3
Harvard | Mr. Policy Development
GMAT 740, GPA Top 30%
Ross | Mr. Brazilian Sales Guy
GRE 326, GPA 77/100 (USA Avg. 3.0)
INSEAD | Mr. INSEAD Hopeful
GMAT -, GPA 2.9

MBA Job Market Continues To Improve

The 834 members of the class of 2012 were among the 4,444 graduate business school alumni from the classes of 2000-2012 surveyed about their work life and career trajectories in the global longitudinal survey. For all alumni from the classes of 2000-2012:

  • 96 percent were employed, up two percentage points from last year. Some 89 percent were working for an employer and 7 percent were self-employed.
  • Self-employment rates varied greatly depending on where alumni operated their business, ranging from 5 percent of those with businesses in the US to 20 percent of those working in the Middle East and Africa.  Self-employment rates were 6 percent in Asia/Pacific Islands, 11 percent in Europe, and 13 percent in Latin America.
  • Overall, 60 percent of alumni took out loans to pay for their education, but the proportions varied by program type, with 67 percent of full-time MBA alumni, 50 percent of executive MBA alumni, 48 percent of non-MBA specialized master’s alumni, and 47 percent of part-time MBA alumni taking out loans. Although more full-time MBA alumni have taken out loans compared with all other business school alumni, they also report the highest percentage of loan repayment and were least likely to express concern about their ability to repay their loans based on their current financial situation.
  • Alumni continue to value their degrees highly, with 95 percent rating the value of their education good to outstanding. Top career outcomes driving the value of their education were: increasingly challenging and interesting work, developing managerial and technical expertise, being able to start their own business, and increased professional network.
  • Using their leadership skills, thinking analytically, planning strategically, and solving problems are the key drivers of alumni job satisfaction.

CAREER SWITCHERS MADE UP NEARLY A THIRD OF THOSE SURVEYED

Overall, 31% of the class of 2012 was employed in an industry that differed from the industry they intended when they started business school, GMAC said. This is slightly lower than the 33 percent of class of 2011 alumni who changed industries. Class of 2012 respondents who switched industries indicated they were inspired to switch when they learned about opportunities in different industries while meeting with employers and recruiters (38%) or while enrolled in school (34%). Additionally, 35% sought jobs in different industries due to increased earning potential. Some alumni also were influenced through their networking efforts with peers (23%) and alumni (19%). Despite working in a different industry than the one planned, 82% of Class of 2012 alumni said the job they took fit the type of employment they were seeking.

Two-thirds (65%) of the class of 2012 found employment in their intended job functions; only 35 percent were working in a job function they had not envisioned. Most of these alumni moved out of their original job functions into consulting roles. For example, 47 percent of alumni who planned to seek a marketing and sales position changed to consulting, and 50 percent of those intending to work in information and technology roles obtained a consulting position.

DON’T MISS: HOW SCHOOLS FARED ON 2012 JOB OFFERS or WHAT THE CLASS OF 2012 MADE

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.