MBA helps to change industries

More than half of graduate business school alumni are currently employed in an industry or job function they did not work in prior to entering business school, according to a report by the Graduate Management Admission Council (GMAC), a non-profit organisation of graduate business schools.

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Findings from the Council’s 2017 Alumni Perspectives Survey show that 39 per cent alumni currently work in an industry they hadn’t considered prior to starting business school; they learned of the opportunity while enrolled in a graduate business program, with 88 per cent sharing that they are satisfied with their job and employer.

Nearly all (95 per cent) respondents rate their graduate management education's value as good or outstanding. On average, the total compensation package for alumni can range from a median of 75,513 dollars for an entry-level position upward to a median of 440,122 dollars in total compensation for a C-suite executive. Business school alumni earn 76 per cent of their total compensation in base salary, on average. As they advance up the career ladder, a greater proportion of their compensation comes from non-salary sources such as bonuses.

92 per cent of survey respondents are currently employed — 81 per cent worldwide are employed with a company and 11 per cent are self-employed entrepreneurs. Globally, the products and services (27 per cent), technology (14 per cent), and finance and accounting (11 per cent) sectors employ the greatest proportion of alumni represented in this survey.

Read more at GMAC