MBA News Round Up: Women See Salary Gains, MBAs Growing Popularity
Women See Larger Salary Gains Post-Graduation
Business school women from the class of 2011 reported sizable increases over their pre-degree salaries, according to Beat the GMAT. Statistics show that women’s post- degree salaries increased at rate of 45 percent, outpacing the average increase of 39 percent for men. Overall, 84 percent of the women in the class of 2011 were employed at the time of graduation, and nine out of 10 said they obtained the type of work they wanted.
Top Canadian Corporate Executives Discuss Benefits of MBA
Three of Canada’s top corporate executives speak with the Financial Post about what they learned in business school and what it did for their careers. Geoff Molson (CEO and co-owner of the Montreal Canadians), Bob Dorrance (CEO and president of TD Securities Inc.) and Wayne Fox (chair of TMX Group Inc.) explain how the selected their business schools, reveal what their favorite courses were, offer advice to prospective MBA students and more.
MBAs Growing in Popularity
A survey of employers by the Graduate Management Admission Council (GMAC) in late 2011, which was reported on by U.S. News & World Report, suggests that MBA prospects are looking up. Measured in absolute terms, U.S. jobs for recent MBAs graduates are most plentiful in the fields of consulting and finance, but these sectors are not setting the pace in growth. Technology, for example, was up 54 percent in 2011, according to QS Quacquarelli Symonds. Additionally, among all prospective students surveyed, 55 percent indicated that they are only interested in attending an MBA, while 18 percent of prospective students are only considering a specialized master’s program, up from 13 percent in 2009.
Students Submitting More MBA Applications
For years, the conventional wisdom has been that your average MBA applicant submitted about three applications, and GMAT test-takers indeed submit score reports to 2.9 schools on average. However, new research reported by BusinessWeek suggests that for many business school applicants, that number is far higher. More than 48 percent of the 652 respondents to a recent survey said they either applied to or were planning to apply to five or more graduate business schools.