MBA graduates report a significant salary increase after they obtained their business school degree compared to pre-degree level, a GMAT survey reports.
The numbers are quite astonishing – the students’ average post-degree salary increases by up to 90 per cent compared to their pre-degree pay check.
The survey was conducted among 3,329 graduate management students in the class of 2015. They come from 112 universities in 29 countries. The survey indicated that more than half (59 per cent) of job-seeking graduate business students in the class of 2015 reported significant salary increase for MBA Graduates.
Another interesting finding from the survey points out that domestic students are more likely to receive an early job offer than international students.
In 2015, 70 per cent of domestic students seeking jobs reported an early job offer, compared to 42 per cent of job-seeking international students,
the survey reports.
Although international students apply to as many jobs as domestic students, on average, they receive 25 per cent fewer interviews, the survey said.
It is important to specify that the term “domestic student” refers to students attending school within their country of citizenship. “International student” refers to individuals who are either studying outside their country of citizenship, and/or who seek to work in a location outside their country of citizenship.
However, it should also be noted that the vast majority of international MBAs – nearly three out of four – report that they plan to return to their home country after graduation. It is difficult to conclude why international students find it difficult to secure a job abroad; however, the GMAC suggests visa issues as the main reason plus the difficulty of conducting a proper job search from a foreign country.
Source: GMAC & Bloomberg BusinessWeek