RESTON, Va., May 29 (Bernama-GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, in partnership with MBA Career Services & Employer Alliance and European Foundation for Management Development (EFMD), has released its Business School Hiring Report based on findings from the annual Corporate Recruiters Survey, with over 1,200 employers in 45 countries providing insight into current market and hiring trends among MBA and business master’s graduates.
Recent graduates with an advanced business degree, particularly in the US, are procuring substantial starting salaries. The median annual base starting salary US employers plan to offer new MBA hires in 2019 is US$115,000, more than double the median for new bachelor’s degree hires (US$55,000) and the highest ever recorded in the US when adjusted for inflation. By industry among US employers, median MBA starting salaries are highest in the consulting (US$135,000) and finance/accounting (US$125,000) industries.