{"id":12424,"date":"2012-06-19T13:39:28","date_gmt":"2012-06-19T20:39:28","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=12424"},"modified":"2012-06-20T01:40:28","modified_gmt":"2012-06-20T08:40:28","slug":"gmac-corporate-recruiters-survey-2012-further-thoughts","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/gmac-corporate-recruiters-survey-2012-further-thoughts\/","title":{"rendered":"GMAC Corporate Recruiters\u2019 Survey 2012: Further Thoughts"},"content":{"rendered":"
\"The<\/a>
The Cloud in This Generally Sunny Picture?<\/figcaption><\/figure>\n

We summarized key results of the recently published 2012 GMAC Corporate Recruiters\u2019 Survey<\/em><\/a>, but the report presents a lot of data, and I am returning to it today.<\/p>\n

Fortunately most of the news is good, especially if you're not looking for a job in Europe, where demand is flat. Globally, recruiters expect to hire more MBAs and holders of Masters in Accounting (MAcc), and Masters in Management (MiM) degrees. The Asia-Pacific region is the most active.<\/p>\n

The cloud in this generally sunny picture? Average starting salaries have been flat since 2008. And as Businessweek's<\/em> Louis Lavelle<\/a> points out in his post on PayScale\u2019s report on MBA ROI for BW\u2019s top 57 programs, tuitions are inexorably rising so the no-brainer ROI that MBAs traditionally enjoyed isn't as high as it used to be. It correlates well to b-school rank and is of course heavily influenced by the career the MBAs pursue after graduation as well as their incoming salaries.<\/p>\n

Focusing on the reduced<\/em> ROI when compared to the ROI of X years ago is foolish for applicants. You can't choose to turn back the clock to a time when ROI was higher. GMAC and PayScale data as well as that from other sources shows that the MBA is usually profitable.<\/p>\n

Clearly, however there is a smaller margin for error. The MBA is a major investment. You can and should carefully choose the best program for you to ensure the highest return on your MBA asset at this point in time<\/em>. Define your goals. Consider different options, including one-year MBA alternatives, part-time programs, and specialized degrees. Weigh the costs and examine opportunities in your target industry, function, and location.<\/p>\n

\u201cShould\u2019ve\u201d and \u201ccould\u2019ve\u201d will not help your analysis. The critical question is \u201cWhat can I do with an MBA that I can\u2019t do without it?\u201d Look at your anticipated income and career path with and without an MBA. Compare, and then decide if the MBA is likely to pay for you<\/em> in the future<\/em> both in terms of coldly calculated ROI and in terms of warm and fuzzy, but equally important, personal satisfaction.<\/p>\n

The higher average ROI of five or ten years ago is irrelevant to your decision making process. A careful analysis of your options today and their likely results will lead to a smart decision.<\/p>\n

By <\/em>Linda Abraham<\/a>, president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, <\/em>MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools<\/a>.<\/a><\/em><\/p>\n

This article originally appeared on the Accepted Admissions Consulting Blog<\/a>, the official blog of Accepted.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

We summarized key results of the recently published 2012 GMAC Corporate Recruiters\u2019 Survey, but the report presents a lot of data, and I am returning to it today. Fortunately most…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,775,113],"tags":[28,22,173,1894,625,836],"class_list":["post-12424","post","type-post","status-publish","format-standard","hentry","category-mba","category-admission-consultants","category-applications","tag-career","tag-finance","tag-gmac","tag-gmat","tag-post-mba-careers","tag-roi","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\n\t\t\n