The relationship of an MBA salary and what constitutes a great return on investment from business school are inextricably linked– for good reason. The GMAC’s annual survey of business school alumni (21,000 graduates from 1959 through 2013) yielded some interesting results for anyone considering business school.
Business School Value
- 91% recent business school alumni from 2010–2013 consider their graduate management education a good to outstanding value
- 66% of alumni from 2010–2013 agree their education was financially rewarding
- 95% of all alumni would recommend their business school program to others
- 96% of all alumni report that they are proud to be an alumni of their graduate business program
- 80% of all alumni attribute their career success to their graduate management degree
MBA Job Satisfaction
- 86% of alumni agree that they make an impact at their company
- 85% are engaged with their work
- 85% have challenging and interesting work
- 84% have meaningful work
- 81% work for a company that values their skills and abilities
Perhaps even more interesting to those of you debating the value of a business school degree right now is what the alumni from the class of 2013 had to say. In a rough economy and soft job market, how are these most recent graduates faring?
Business School Employment
- 90% of class of 2013 graduates employed
- 57% employed in the products and services, finance and accounting, and consulting sectors.
- 74% of the class of 2013 say they could not have obtained their job without their graduate management education
Value of an MBA
- 95% felt their education developed their qualitative skills
- 92% reported that their business school experience helped their quantitative skills
- 90% said business school expanded their network, as well as prepared them for the job market
- 96% rate the value of their degree as outstanding, excellent, or good
- 96% of the class of 2013 would recommend a graduate management education to others.
The most important barometer for many people is the actual number: what kind of salary can you expect after investing in business school?
Starting MBA Salary: Class of 2013
- The median starting annual salary offered to US citizens who graduated from a full-time two-year MBA in 2013 is US$90,000, with a bonus and additional compensation of US$10,000 (Figure 5).
- US citizens who graduated from part-time MBA programs reported a median annual salary of US$85,000.
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