MBA in the news: MBA Bull Market
Business Week recently reported that the MBA Bull Market Has Legs. According to the article, recruiters plan to increase hiring of MBAs by 18%. This is the second consecutive year of rising MBA hiring rates. Of course, with increased competition for MBAs, comes increased salaries. Business Week reports that recruiters will offer “base salaries that are 28% higher than what they will offer to candidates with other types of graduate degrees.” MBAs earn 84% more than individuals with just an undergraduate degree. The rise in demand for MBAs comes from employers seeking individuals with managerial and team experience.
You can get a sense of how recruitment works at your schools of interest by visiting their websites. HBS career services page gives information on their job search tools and workshops. Columbia shares a list of select recruiters. Stern has a very comprehensive career services page on their website as well. Reading through the career services section of school websites can provide you with inspiration for your future, and subsequently help you articulate your career vision in application essays.