Stanford GSB | Mr. Rocket Scientist Lawyer
GMAT 730, GPA 3.65 Cumulative
Darden | Mr. Federal Consultant
GMAT 780, GPA 3.26
INSEAD | Mr. Consulting Fin
GMAT 730, GPA 4.0
Duke Fuqua | Mr. Enlisted Undergrad
GRE 315, GPA 3.75
INSEAD | Ms. Hope & Goodwill
GMAT 740, GPA 3.5
Stanford GSB | Mr. Navy Officer
GMAT 770, GPA 4.0
Harvard | Mr. Milk Before Cereals
GMAT 710, GPA 3.3 (16/20 Portuguese scale)
Chicago Booth | Mr. Guy From Taiwan
GRE 326, GPA 3.3
Darden | Mr. Leading Petty Officer
GRE (MCAT) 501, GPA 4.0
Harvard | Mr. Sales To Consulting
GMAT 760, GPA 3.49
Tuck | Mr. Consulting To Tech
GMAT 750, GPA 3.2
Columbia | Mr. NYC Native
GMAT 710, GPA 3.8
Tepper | Mr. Leadership Developement
GMAT 740, GPA 3.77
Harvard | Ms. Athlete Entrepreneur
GMAT 750, GPA 3.3
Darden | Mr. Stock Up
GMAT 700, GPA 3.3
Darden | Mr. Education Consulting
GRE 326, GPA 3.58
Harvard | Ms. Ambitious Hippie
GRE 329, GPA 3.9
Stanford GSB | Mr. Classic Candidate
GMAT 760, GPA 3.9
Stanford GSB | Mr. Unrealistic Ambitions
GMAT 710, GPA 2.0
Stanford GSB | Mr. Equal Opportunity
GMAT 760, GPA 4.0
Tuck | Mr. Over-Experienced
GRE 330, GPA 3.0
HEC Paris | Mr. Indian Entrepreneur
GMAT 690, GPA 2.1
Chicago Booth | Mr. Community Uplift
GMAT 780, GPA 2.6
UCLA Anderson | Mr. Worldwide
GMAT 730, GPA 3.1
Wharton | Mr. LatAm Indian Trader
GMAT 720, GPA 3.5
Wharton | Mr. MBB to PE
GMAT 740, GPA 3.98
Harvard | Mr. MBB Aspirant
GMAT 780, GPA 3.7

Job Offers Up In Tech & Healthcare

Help Wanted advertizments in a newspaper, listing jobs. A yellow pencil rests on the newspaper.The early pre-graduation job offers to business school students this year from the healthcare industry are a chart-topping 109% above students’ pre-degree income, outdoing mainstream MBA jobs in consulting and finance. In fact, pay increases by technology and manufacturing firms are expected to be larger–in percentage terms–than those in any other fields.

That’s according to a new before-graduation survey of business school students by the Graduate Management Admission Council which polled the Class of 2014 in February and March–several months before their actual graduation. The early job offers from tech firms were 97% over pre-degree salaries, while the offers from manufacturing firms represented a 91% increase. Those numbers compare with 87% in consulting, 64% in products and services, and 63% in energy and utilities.

Overall, the median increase in salary of those with job offers was 80% over their pre-degree salary. That’s up from the 73% increase reported by business school graduates with early job offers in 2013. In fact, members in the Class of 2014 are more likely to job offers, drew more job offers, and received offers at higher organizational levels when compared with students who graduated five years ago when the Great Recession still weighed heavily on the job market.

MEDIAN CHANGE IN POST-BUSINESS DEGREE SALARIES BY INDUSTRY

Source: 2014 GMAC Global Management Education Graduate Survey

Source: 2014 GMAC Global Management Education Graduate Survey

 

The number of years of work experience for a student also had a significant impact on changes in salary. Students with more years of prior work experience tend to have higher pre-degree incomes. For these high earners, a post-degree salary increase comes to a smaller percentage rise than it does for graduating students with less work experience. GMAC found that the more work experience and the higher the job level a student had when entering a business program, the lower the overall expected salary gain upon graduation (see graph on following page).

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.