MBA Graduates Entering Booming Job Market

The job market for 2006 MBA graduates is excellent, according to two surveys conducted by the Graduate Management Admission Council. “Bottom line is, every way you look at it, the boom is back on the MBA,” said David Wilson, President and CEO of the Council.

Salaries for MBA grads are averaging $92,360, which is a 4.2 percent increase since 2005. In addition, two thirds of this year’s graduates are receiving signing bonuses. Those bonuses are averaging $17,603, which is also a slight increase over 2004. The salary and bonus increases can be traced to increased demand for MBA graduates as employers expect to hire 18 percent more new MBA grads in 2006 than they did in 2005. The graduates who are the most highly sought after are those with expertise in finance or marketing.

Source: Campus Career Counselor