For prospective MBA candidates, return on investment is an important consideration. In particular, salaries and earning-potential are valid concerns that all applicants have.
Data from the Graduate Management Admission Council shows positive results. The survey covers responses from 748 employers in 47 countries around the world. Let’s take a look at four of the most important trends:
- 84% of respondents said they plan to hire at least one new employee with an MBA in the upcoming calendar year.
- This hiring rate is up 25% since 2010, when 62% of surveyed employers said they were planning on hiring a recent MBA graduate.
- The expected median salary of newly hired MBA graduates in the U.S. in 2016 is expected to reach $100,000 per year.
- The median starting salary for MBA graduates has increased by 18% since over the last ten years.
When considering the ROI of your MBA, there are other factors to take into account – including location, company size, growth potential and your personal life outside of work.
As author of Untangling the Ivy League, Marc literally wrote the book on gaining admission to highly selective colleges. He earned a BA from Cornell University – where he met AcceptU’s co-founder – and an MBA from University of North Carolina at Chapel Hill. At UNC, Marc chaired the admissions advisory board; he has also conducted alumni interviews for Cornell for more than fifteen years.
