The job market has improved for MBA degree holders
A newly released study by the Graduate Management Admissions Council shows that students who earn a master's of business administration (MBA) degree will find more job opportunities than in previous years.
In 2011, about 67 percent of employers said that they plan to hire individuals who have this advanced credential. Approximately three years ago, only 59 percent of employers said they hoped to hire these graduate students. Of these companies, consulting firms are seeking more degree holders than any other industry, with about 72 percent of these businesses reporting that they will hire MBA students this year.
The survey also shows that MBA degree holders make up a significant portion of the new hires in companies from various industries. For example, finance and accounting firms reported that about 22 percent of their new employees this year will hold an MBA. Additionally, in the healthcare and pharmaceutical discipline, approximately 15 percent of recent hires are expected to hold this advanced credential.
On top of finding more job opportunities, individuals who complete MBA programs may also have large salaries. According to PayScale, people who hold this advanced credential can earn up to $227,776 per year, on average.
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