Yale | Mr. Steelmaker To Consultant
GMAT 760, GPA 3.04/4.0
Harvard | Mr. Consulting To Emerging Markets Banking
GRE 130, GPA 3.6 equivalent
Chicago Booth | Mr. Overrepresented Indian Engineer
GMAT 740, GPA 8.78/10
Duke Fuqua | Mr. Indian Quant
GMAT 745, GPA 9.6 out of 10
Stanford GSB | Mr. Food & Education Entrepreneur
GMAT 720, GPA 4.0
NYU Stern | Mr. Development
GMAT 690, GPA 2.5
Harvard | Mr. Standard Military
GMAT 700, GPA 3.74
Harvard | Ms. Gay Engineer
GMAT 730, GPA 3.6
Harvard | Mr. Comeback Kid
GMAT 770, GPA 2.8
Harvard | Mr. International Oil
GMAT 710, GPA 3.7
Harvard | Mr. Lieutenant To Consultant
GMAT 760, GPA 3.7
Duke Fuqua | Mr. IB Back Office To Front Office/Consulting
GMAT 640, GPA 2.8
Tuck | Mr. Infantry Officer To MBA
GRE 314, GPA 3.4
Rice Business | Mr. Future Energy Consultant
GRE Received a GRE Waiver, GPA 3.3
Berkeley Haas | Mr. Campaigns To Business
GMAT 750, GPA 3.19
MIT Sloan | Mr. Special Forces
GMAT 720, GPA 3.82
Columbia | Mr. Fingers Crossed
GMAT 730, GPA 3.2
Harvard | Ms. Egyptian Heritage
GRE 320, GPA 3.7
Harvard | Mr. Investor & Operator (2+2)
GMAT 720, GPA 3.85
Harvard | Ms. Harvard Hopeful
GMAT 750, GPA 3.7
Harvard | Mrs. Nebraska
GMAT 740, GPA 3.77
Harvard | Mr. Sovereign Wealth Fund
GMAT 730, GPA 3.55
Kellogg | Ms. Big4 M&A
GMAT 740, GPA 3.7
INSEAD | Mr. Big Chill 770
GMAT 770, GPA 3-3.2
Stanford GSB | Ms. Engineer In Finance – Deferred MBA
GRE 332, GPA 3.94
Stanford GSB | Mr. Consultant To Analytics
GMAT 760, GPA 3.64
MIT Sloan | Mr. Good Luck Bud
GMAT 710, GPA 3.27

Why The MBA Is More Valuable Than Ever

jobs, careers

At a time when skeptics continue to question the value of higher education, a new report convincingly shows that college is pretty much the only route to making a living in the U.S. The modern economy continues to leave Americans without a college education behind. Workers with a high school diploma or less saw virtually no jobs recovery.

Out of the 11.6 million jobs created in the post-recession economy, 11.5 million went to workers with at least some college education, according to the report from Georgetown University’s Center on Education and the Workforce. Graduate degree holders gained 3.8 million jobs, bachelor’s degree holders gained 4.6 million jobs, and associate degree holders gained 3.1 million jobs. Workers with a high school diploma or less added only 80,000 jobs during the recovery.

The report—written by Anthony P. Carnevale, Tamara Jayasundera and Artem Gulish and entitled America’s Divided America: College Haves and Have-Nots—puts to rest the arguments of MBA bashers and college naysayers who have argued that college is not necessary for success in America. The higher ed skeptics often trot out the stories of such college dropouts as Facebook’s Mark Zuckerberg or the late Steve Jobs to make the point that a piece of parchment isn’t a requirement to the American Dream. The report proves that these are rare and isolated examples of success in an economy that now demands workers with higher skills.

THE ARGUMENT FOR BUSINESS EDUCATION COULD NOT HAVE BEEN MADE STRONGER

The argument for business education could not have been made stronger, whether at the undergraduate or graduate level. The report found that consulting and business services added the largest number of jobs in the recovery—a whopping 2.5 million. And many of those jobs—1.6 million—were in management, also the occupation that added the most jobs during the recovery. Healthcare professional and technical occupations added the second most jobs—1.5 million.

The numbers underlie vast structural changes in the labor market since the immediate post-war period. Industries that employ managerial and professional workers, such as consulting and business services, have grown to 46% of the U.S. workforce today, up from only 28% in 1947. Meantime, production industries now employ just 19% of the workforce, down from nearly half of the workforce in 1947.

It’s why business school career management offices have been reporting healthy increases in recruiting for MBA graduates even as job creation continued to decline in the early stages of the economic recovery. In fact, the report found that workers with master’s degrees or higher gained 253,000 jobs in the midst of the recession from December of 2007 to January of 2010—when everyone else in the workforce saw massive declines (see chart below). During the recovery, workers with master’s degrees then gained 3.8 million jobs, a total of more than 4 million jobs created since 2007.

Source: Georgetown University’s Center on Education and the Workforce

Source: Georgetown University’s Center on Education and the Workforce