Things are starting to look up for business school graduates
The job market for MBA students has improved this year, according to the Wall Street Journal.
A recent survey by the Graduate Management Admissions Council shows that 88 percent of those who recently completed an MBA or another graduate management degree had a job shortly after graduation, according to the news outlet. This number has increased by 4 percent since last year.
The salaries of these graduates have also shown improvement this year, as seen by the council's survey. For the class of 2009, the median starting pay was $75,000. This year, that number has risen to $78,820, the news source reports.
Additionally, Nicole Hall, Pepperdine University's business school career services executive director, said graduates who are applying to local companies may fare better in the poor economy. In order to save money, she told the source, many businesses are recruiting from local schools, rather than top business schools across the country.
According to the Bureau of Labor Statistics, individuals in any field that complete a master's program may lessen their chances of being unemployed. In 2009, the unemployment rate for an individual with a master's degree was 3.9, compared with 5.2 for those who have a bachelor's.
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