MBA Pay Reaches Record Highs

In a simultaneous release, GMAC also released a new Career Aspirations Report based on 10 years of data from the mba.com Prospective Students Survey. This new report highlights how the mix of graduate management education candidates’ aspirations for their careers post-business school have shifted over time: Now, GMAC found, a greater share of candidates seek to enhance their current career path (41%) than switch job functions (36%) or industries (27%).

Candidate interest in consulting is high: 36% identify it as a job function and industry of interest. Other industries of interest include finance/accounting (34% of candidates interested), products/services (27%), and technology (19%). The desire for international employment also rose slightly, to 2%.

The supplemental report also highlights how “larger political and economic factors likely impact the mix of GME candidates’ career aspirations. For example, candidate aspirations for international employment opportunities trended down to a recent low of 27% in 2017, consistent with the reduced international student mobility seen in the current political climate. In 2018 it bounced back upward slightly to 29%. The decline in the share of candidates who plan to stay with their current employer dropped to 10% from 19% 10 years ago, which is likely related to increased employment opportunities brought about by the strong job market.”

GMAC

DON’T MISS THE HIGHEST & LOWEST PAID MBAs AT THE TOP 25 SCHOOLS and JOB PLACEMENT RATES AT THE LEADING B-SCHOOLS