{"id":3852,"date":"2010-07-21T13:30:08","date_gmt":"2010-07-21T21:30:08","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=3852"},"modified":"2010-07-24T13:31:33","modified_gmt":"2010-07-24T21:31:33","slug":"gmac-reports-steady-value-of-mba-through-great-recession","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/gmac-reports-steady-value-of-mba-through-great-recession\/","title":{"rendered":"GMAC Reports Steady Value of MBA through &#8220;Great Recession&#8221;"},"content":{"rendered":"<p>MBAs who earned their degrees during the first decade of the 21st century have fared quite well, despite the dot-com bust and the \"Great Recession,\" reports a <a href=\"https:\/\/www.gmac.com\/gmac\/NewsandEvents\/GMNews\/2010\/July\/Business-Education-Holds-Its-Value-Through-the-Great-Recession-21st-Century-Alumni-Say.htm\" target=\"_blank\"><em>Graduate Management News<\/em><\/a> article.<\/p>\n<p>The following data was gathered from GMAC's semi-annual <a href=\"https:\/\/www.gmac.com\/gmac\/ResearchandTrends\/SurveyReports\/AlumniPerspectivesSurvey.htm\" target=\"_blank\">Alumni Perspectives Survey<\/a>:<\/p>\n<ul>\n<li>Of the 3,387 business graduates from the last decade who were surveyed, 96% were satisfied with their decision to pursue an MBA or other business degree.<\/li>\n<li>94% of MBAs and other business degrees holders who graduated in the last decade are employed.<\/li>\n<li>6% of those that are employed are self-employed. 53% of these business owners manage more than one employee, and 41% of those that are self-employed report at least $250,000 of total revenue per year.<\/li>\n<li>Of the remaining 6% who are currently unemployed, 48% plan on starting their own businesses.<\/li>\n<li>94% of alumni felt that their business degrees provided them with a competitive edge over non-business graduates.<\/li>\n<li>89% claim that the value of their degree is \"outstanding to good.\"<\/li>\n<li>More than half of 2000-2009 graduates report that they have \"achieved, in part, their short-term and long-term career goals.\"<\/li>\n<li>Some of the educational factors valued most by this cohort include classmates, committed faculty members, and a relevant curriculum.<\/li>\n<li>The median salary for the class of 2000 was $135,000. For the class of 2009, the median salary dropped to $82,000. The median salary for the 2000-2009 period is $94,829.<\/li>\n<\/ul>\n<p><strong>Want our news sent directly to your inbox? <\/strong><a title=\"https:\/\/www.accepted.com\/blog\/subscribe.aspx?utm_campaign=BlogContent&amp;utm_medium=Blog&amp;utm_source=BlogVisitors&amp;utm_content=SubscribeBlog\" href=\"https:\/\/www.accepted.com\/blog\/subscribe.aspx\"><strong><span style=\"color: #0000ff\">Subscribe to the Accepted Admissions Almanac by  clicking here!<\/span><\/strong><\/a><\/p>\n<p><em><a href=\"https:\/\/www.accepted.com\/MBA\/Default.aspx?utm_campaign=MBAContent&amp;utm_medium=Blog&amp;utm_source=BlogVisitors&amp;utm_content=MBAIcon\" target=\"_blank\"><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" src=\"https:\/\/profile.ak.fbcdn.net\/object3\/947\/54\/s8255073883_9880.jpg?__SQUARESPACE_CACHEVERSION=1260090948492\" alt=\"\" \/><\/span><\/span>Accepted.com<\/a> ~ Helping You Write Your Best<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MBAs who earned their degrees during the first decade of the 21st century have fared quite well, despite the dot-com bust and the &#8220;Great Recession,&#8221; reports a Graduate Management News&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,4,6],"tags":[180,39],"class_list":["post-3852","post","type-post","status-publish","format-standard","hentry","category-mba","category-b-school-life","category-career-reviews","category-current-events","tag-job-search","tag-mba-admissions","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/3852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=3852"}],"version-history":[{"count":2,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/3852\/revisions"}],"predecessor-version":[{"id":3854,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/3852\/revisions\/3854"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=3852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=3852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=3852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}