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GMAC Survey Promised Better Job Prospects and Salary for MBA Students this Year

Jan 22, 2016 12:40 IST

    According to an annual survey conducted by the Graduate Management Admission Council (GMAC), it has been put forward that the year 2016 will be a better year in terms of job perspectives and salary drawn by the students, than in 2015. Almost 56% of the employers are planning to increase their base salaries in which they recruit the fresh MBA graduates. Almost half of the employers will increase their average annual base salaries for recent masters of accounting hires at or above the rate of inflation.

    More than 96% of the employers, while taking the 2015 year end poll have said that the fresh business graduates create value for their respective companies. Almost 68% of the employers said that it is priority of their company to hire candidates who have done their MBA or Business related masters’ programmes.

    The survey was conducted between October 27 and November 16 by Graduate Management Admission Council, which is a global non-profit organization comprised of business schools around the world. It is the same council with conducts GMAT examinations every year. 179 recruiters from across 159 companies in 31 countries or regions worldwide took part in the survey. All the companies varied in their size, business capability and industry sectors.

    According to the GAMC executive vice president for school products, Bob Alig, “Employer demand for graduate management talent is projected to remain strong in 2016 for MBAs and other master’s level business candidates. Recent graduate from business and management programmes should see high demand for their skills because employers understand that they are valuable assets to their organizations.”

    According to the survey the heavy numbers of employers are planning to increase the internship opening as well. Larger companies are even planning to give internship to as many as 91% respondents applying. The survey has projected an advance figure of the probable market outlook for the business graduates.

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