Strong Employment Rates Reported for 2013 MBA Grads
In a September poll of the job market conducted by the Graduate Management Admission Council, 90% of the MBA Class of 2013 indicated they were employed. GMAC reports this figure is six percentage points above the 2009 employment rate, but down a tick from the 92% of graduates employed by September 2012.
There is some fluctuation in rates by geographic region, with 95% of U.S. respondents employed, 92% of Latin American, 87% of Indians, 82% of Europeans, and 85% of graduates in Asia-pacific countries.
Despite continued economic uncertainty, 74% of class of 2013 alumni who landed jobs said they could not have gotten it without their graduate management education.
"In spite of the slow, uneven economic recovery around the world, the job outlook for business degree-holders is holding fairly steady," says Gregg Schoenfeld, director of management education research for GMAC. "Regardless of employment status, the vast majority of alumni from the class of 2013 believe their education developed their skills, expanded their network, and prepared them for the job market."
The poll is a follow-up to the GMAC Global Management Education Graduate Survey, an exit survey of graduate business students conducted in February and March. Some 915 alumni from 129 business schools worldwide responded to the poll in September.