MBA the Best Career
India's romance with MBAs is clearly not over yet. A new study by the Graduate Management Admission Council (GMAC) has indicated that graduates from full-time two-year MBA programs in India this year with job offers expect an increase in earnings of more than 200% from their pre-degree earnings, much higher than the 80% salary increase for all full-time two-year MBA graduates worldwide.
Not only are the salaries higher but 88% of Indian employers plan to hire MBAs in 2012, in line with the 89% of Indian employers that reported hiring MBAs in 2011.
Demand for MBA new hires in the Asia-Pacific region is also expected to be strong in 2012, with 80% of companies reporting plans to hire MBAs in the coming year, an increase of 9% from last year.
The GMAC conducted a survey of graduate management education students in their final year of business school. This survey collected responses from 5,366 graduate management students at 136 business schools worldwide in February and March of 2012.
Overall, 62% of job seekers in the class of 2012 had an offer of employment at the time of the survey. Offers of employment for 2012 graduates of part-time and executive MBA programmes were high as well with 64% boasting of job offers in hand. This nearly matched the all-time record set in 2001, when 66% of students had job offers.