Feedback from the Graduate Management Admission Council‘s 2010 Year-End Poll of Employers indicates the job market for business school graduates is steadily improving.
Based on input from 210 employers, who also participated in the Corporate Recruiters Survey last spring, the follow-up poll finds that 64% are likely to hire new MBAs in 2011, a slight increase over the 60% who hired new MBAs in 2010, GMAC reports.
Most employers expect starting salaries for all candidatesâ”€especially recent graduatesâ”€to remain at 2010 levels, but more than one in four employers plan to increase starting salaries of MBA graduate hires in 2011.
Dave Wilson, president and chief executive officer of GMAC, tells the Wall Street Journal the hiring uptick reflects the general economic recovery as well as strength in particular industries such as technology and energy.
But he says the job market isn’t yet strong enough for many companies to need higher salaries to attract good candidates.
“As the economy recovers, the demand for management grows, and the MBA market is one of the easiest targets to go after,” Wilson says. “Nowadays, companies can get a well-trained asset at a reasonable price.”
Apply in the Sky | MBA CHALLENGE
Between application fees, test preparation, and travel costs to visit campuses, applying to MBA programs is expensive. But with their first annual MBA CHALLENGE, our friends at Apply in the Sky are giving you the opportunity to win some of it back.
The MBA CHALLENGE is free to enter, and the three winners will receive cash prizes in the amount of $200, $300 and $500 to help offset their admissions costs, or perhaps just to celebrate in style once those admissions letters finally arrive.
Check out the contest website for additional information: http://applyinthesky.com/contest.php
The MBA CHALLENGE deadline is January 31st, 2011, and winners will be notified by the end of February.