MBA Value More Than Financial, Says GMAC Survey

What’s an MBA worth? This question is pondered by many as we continue to slog through some murky financial waters. The November issue of Graduate Management News, published by the Graduate Management Admission Council, weighs this question as more college graduates struggle with unemployment and debt from student loans.

In a strictly monetary sense, the article argues that the degree consistently adds value in terms of salary;  MBAs, on average, make more than both recent college graduates with bachelor’s degrees and master’s level graduates in disciplines other than business. Studies including GMAC’s Corporate Recruiters Survey have shown that graduate management degrees can have a significant positive effect on lifetime earnings.

expected MBA salary

But why, exactly, do MBAs make more money? One could argue that the MBA gives students a broader array of applicable skills than any other type of program. Not only do students learn the theory behind sound business practices, MBA programs also teach strategic and management skills. Also, the case study method and collaborative approaches used by many MBA programs hones skills in a very practical way.

As valuable as the MBA is for individual graduates, MBAs can contribute more to society as well, says Ashok Sarathy, GMAC vice president, GMAT Program: “The skills and opportunities people gain from earning an MBA can help organizations launch new products, improve the lives of consumers, and help society as a whole.”

* * * * *

SBC_Harvard_Essay_Guide-150x150If you are feeling stumped by your application essays and need some additional guidance, check out our NEW series of essay guides for MBA applications. Columbia, Harvard, Kellogg, Stanford and Wharton available now. They are seriously terrific and we are proud to say that almost every person who has ordered one has come back for more!

This entry was posted in General and tagged , .
Bookmark this post..

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.