Harvard | Mr. Low GRE
GRE 314, GPA 3.7
Stanford GSB | Mr. Ambivalent Applicant
GMAT 720, GPA 3.7
Wharton | Mr. Data Dude
GMAT 750, GPA 4.0
Columbia | Mr. Reinvention
GMAT 780, GPA 2.3
Kellogg | Mr. Hopeful Green CPA
GMAT 690, GPA 3.96
Harvard | Mr. Infantry Commander
GMAT 730, GPA 3.178
Stanford GSB | Mr. Latin American
GMAT 770, GPA 8 of 10
Columbia | Mr. Brandless
GMAT 730, GPA 3.7
Tuck | Mr. Mega Bank
GMAT 720, GPA 3.3
Stanford GSB | Mr. Tier 2 Consultant
GMAT 770, GPA 3.65
Harvard | Mr. Latin International
GMAT 710, GPA 3.2
Harvard | Ms. Indian Deferred
GMAT Will take next month but expecting 750+, GPA 8.0
Stanford GSB | Mr. Immigrant Entrepreneur
GMAT 750, GPA 3.8
Stanford GSB | Ms. Decision Scientist
GMAT 730, GPA 3.9
NYU Stern | Mr. Media Tech Hopeful
GRE 321, GPA 3.2
Stanford GSB | Mr. Future MBA
GMAT 740, GPA 3.78
Wharton | Mr. Biotech Social Impact
GMAT 720, GPA 3.4
NYU Stern | Mr. Indian Data Guy
GRE 325, GPA 7.06
Harvard | Mr. Tech Start-Up
GMAT 720, GPA 3.52
NYU Stern | Mr. Beer Guy
GRE 306, GPA 4.0
Harvard | Ms. HR To Finance
GMAT 760, GPA 7.65/10
McCombs School of Business | Mr. Microsoft Consultant
GMAT N/A, GPA 2.31
Columbia | Mr. MD/MBA
GMAT 670, GPA 3.77
Cornell Johnson | Mr. Social To Tech
GMAT 700, GPA 2.7
Harvard | Mr. CPG Product Manager
GMAT 720, GPA 3.5
NYU Stern | Mr. Brolic Bro
GRE 305, GPA 3.63
Tuck | Mr. Running To The Future
GMAT 720, GPA 3.5

MBA Employment: A Whopping 95% In U.S.

GMAC says the survey is based on a 19% response rate, which is fairly consistent with previous polls. It does not calculate a margin of error for the poll which asks graduates if they are employed in September, which can be between three or four months after graduation depending on when commencement was held. Employment includes MBAs who are self-employed, but not those who are no longer looking for a job.

GMAC found that the three most common industries of employment for the class of 2013 alumni—products and services, finance and accounting, and consulting—remain consistent with prior years. By function, positions in finance and accounting, consulting, and marketing and sales continue to be most popular for the class of 2013 (see below).

Industry & function of employment for the Class of 2013 -- Source: Graduate Management Admission Council

Industry & function of employment for the Class of 2013 — Source: Graduate Management Admission Council

GMAC found that globally,  interest in the technology industry has grown in the last five years, from 12 percent in 2009 to 15 percent in 2013.

A majority of the class of 2013 (61%) job holders work in mid-level positions, while 14 percent hold entry-level positions, 20 percent are in senior-level positions, and 6 percent have executive-level status in their organizations. Job levels do vary by program type, however, possibly reflective of alumni levels of pre-degree work experience: Half (50%) of non-MBA business master’s graduates hold entry-level positions. Seventy-one percent (71%) of full-time two-year MBAs and 62 percent of full-time one-year MBAs hold mid-level positions. The majority of alumni in senior-level (60%) and executive (76%) positions graduated from professional MBA programs.

GMAC said that nearly two in five alumni (39%) have supervisory roles with direct report staff. A third (33%) of alumni in mid-level jobs, 66 percent of alumni at the senior-level, and 84 percent of executives hold supervisory positions. Only eight percent of alumni in entry-level positions are supervisors. Mid-level supervisors indicated a median number of 4 direct reports, senior level supervisors indicated 5 direct reports, and executive supervisors indicated 15 direct reports.

Jobs created by self-employed MBAs in the Class of 2013 -- Source: Graduate Management Admission Council

Jobs created by self-employed MBAs in the Class of 2013 — Source: Graduate Management Admission Council

The council also gathered information on graduates who went the startup route. GMAC said that only five percent of the responding MBAs said they are self-employed or entrepreneurs. Self-employed alumni operate a variety of business types, including sole proprietorships (29% of respondents), partnerships (31%), and LLC or S-corporations (27%). A majority of self-employed alumni (69%) have employees and/or expect to hire employees in the next 12 months.

GMAC said that more than one-third (38%) of self-employed alumni classify the scope of their business as multinational, followed by national (22% of respondents), with 69% regional and local equally sharing the remaining 40 percent (20% each).  The three most common industries for class of 2013 alumni entrepreneurs are consulting (27%), technology (23%), and products and services (23%). Globally, Class of 2013 entrepreneurs reported median annual business revenue of just $128,569. Of course, this is as of September–only a few months after graduation.

Nine out of 10 (91%) entrepreneurs in the Class of 2013 are satisfied with the experience of being self-employed, and 87 percent reported that their education provided them with the essential knowledge, skills, and abilities to develop their business.

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.