The vast majority (93%) of the class of 2012 alumni indicated the job they took after graduation was exactly what they were looking for. Graduates retrieved one-third of the financial investment in their degree within the first year after graduation, and 100% within four years. After 10 years post-graduation, alumni reported that they nearly doubled their return on investment.
The 2013 Alumni Perspectives Survey, which is based on opinion polls of 4,135 Master of Business Administration alumni, found that three out of four alumni of the class of 2012 landed jobs they would not have obtained without their graduate management education.
Global median salary statistics for 2013 MBA graduates report remuneration of near USD 129,000
A Graduate Management Admission Council survey also shows that the class of 2013 has enjoyed a substantial rise in the post-graduation salary levels. For the two-year full-time degree it was 79%, and for the one-year full-time MBA – 70%. The reported median salary on a global scale is USD 128,569, while the most preferred industries are consulting, technology, and products and services. Furthermore, not surprisingly, B-Schools are the best place to lay the foundations for a prospective own business venture. Another GMAC poll indicates that 5% of 2013 MBA alumni became entrepreneurs or self-employed.
The MBA enables you to become a professional chameleon
Results from the September 2013 GMAC alumni poll show that the class of 2013 MBA remain successful in finding employment opportunities across job sectors. Most importantly, despite lingering economic uncertainty, nearly all new business school alumni of the class of 2013 attribute their career preparedness to their graduate management education.
Apart from a value added in terms of professional competencies and a network of useful business contacts, the MBA also gives you market flexibility. It allows you to change industries and completely shift your career track. Indeed, according to the GMAC 2013 survey, alumni reported more often the professional and personal rewards gained from their education, rather than the financial ones.
Choose your MBA wisely
Choosing your MBA is a process affected by a wide range of considerations. Educating yourself about every aspect of a programme is crucial not only in regards to how that programme would impact your life while you’re studying, but, more importantly, how it would affect your life after you graduate. Choosing the right location of your school can influence your career development in terms of your prospects for professional mobility upon completion of your degree. Choosing the format that best suits your professional and personal life is crucial when it comes to getting the optimum of your MBA. So be wise and realistic when evaluating your profile and expectations against the programme that would be best for you.
Choosing your MBA match may be a daunting task, so you might need some guidance from the experts in the field. The Access MBA Tour is coming to Budapest on 1 December to help you select the right business school for you. You can register online at http://www.accessmba.com/budapest/index.html and get a free evaluation of your profile by our team of specialists. After that, you will be matched to the business schools whose MBA programmes are suitable for you, and you will be able to meet their admissions directors one-to-one at the Hilton Budapest City Hotel.
Alternatively, you will be invited for a free orientation session with one of our consultants on-site and will be able to meet the representatives of the appropriate business schools right after. Places are limited, so be sure to confirm yours here: http://www.accessmba.com/budapest/index.html.