Expected Change in 2017 Average Starting Salaries
MARKET FOR SUMMER INTERNSHIPS EXPECTED TO BE STRONG AS WELL
When it comes to actual starting pay, more than half the companies told GMAC they plan to increase annual base salaries for new hires in 2017 (see above). More than half of employers (58%) intend to increase base starting salaries for new MBA hires in 2017 either at or above the inflation rate; 40 percent will maintain salaries at their current level. The majority of employers (57%) plan to offer Master of Accounting hires in 2017 annual base salaries at or above the inflation rate, with 39% of companies keeping salaries at their current level.
If there was a sour note in 2016, it was in the percentage of companies hiring Master of Management candidates. A smaller than usual proportion of companies (19%) reported hiring MIM grads in 2016. In prior years, the percentage of employers in this market trends in the 29% to 30% range, especially for non-U.S. employers who tend to hire a greater share of these candidates. GMAC says that last year’s overall results appear to have been driven down by a low percentage of U.S. employers (16%) who hired these candidates, in contrast to nearly a third of employers in Europe and Asia (32% of these employers combined). Hiring projections for these graduates in 2017 are looking up, with 31% overall expected to offer jobs to these candidates
Nine in 10 companies in the survey provide internship programs for undergraduate and graduate-level students. Of those companies, two-thirds (66%) plan to offer internships to MBA candidates in 2017. Some 82% of companies offering MBA internships will maintain (23%) or increase (59%) the number of internships offered to these candidates in the coming year. Among employers who plan to offer internships to B-school students, 17% plan to offer them to Master of Accounting candidates in 2017; 16%t of these employers will offer internships to Master in Management candidates, and 15% to candidates enrolled in Master of Finance programs.
Percentage Of Employers Who Offer Internships To Business Students
DON’T MISS: TOTAL MBA PAY AT MIT SLOAN DIPS SLIGHTLY IN 2016