Taking an MBA at a top business school is a classic route to boosting your salary.
And now, according to a new survey, those who take the right MBA can demand a basic salary of $100,000 or more as soon as their studies are over.
The eye-catching figure comes in a major poll of MBA students and recruiters around the world for Business Week magazine.
The latest version of the once-every-two-years survey, which processed questionnaires from more than 9,000 students and 200-plus recruiters, found that graduates from almost a third of the top 30-ranked US MBA programs earned an average of $100,000 or more on graduating, a figure generally boosted further by other benefits.
On average, those leaving one of the top 30 schools walked into jobs worth $95,000 a year, up 9.7% on the last survey in 2004, also receiving an average of two job offers each.
The findings add further weight to indications that the job market for new MBAs is booming again, following the glut of graduates caused by the after effects of the dot-com bust, which sent thousands of would-be tycoons scurrying to business schools.
As the global economy has improved, fewer people have opted to take MBAs, meaning they are now in ever-greater demand.
"The job market for MBAs is the strongest it's been in many years," Steve Canale, General Electric Co.'s top recruiter told the survey. "Supply is tight, and demand is up. It's Economics 101."
I found this article on Cnn.com and this portion brings up a good point. On the surface the article is very obvious, where if a job is important and no one does it , the people that do get paid a lot more however, underneath it also applies to every common job as well. If every Garbage Man was to quit and our trash was piling up on the streets, their salary could easily get pushed up to 100,000+ a year. It is not just the fancy jobs that get paid a lot ,...they are the necessary jobs that no one currently wants to do that have the higher salary.
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3 comments:
Whoa. I would love to walk into a job at $100,000/year...
So what you're saying is that even job markets are all about supply and demand? That makes sense. I remember talking about the babysitting in class - this reminds me of that.
Whoa. I would love to walk into a job at $100,000/year...
So what you're saying is that even job markets are all about supply and demand? That makes sense. I remember talking about the babysitting in class - this reminds me of that.
yeah, a $100,000/year job would be very nice.
i know that the advent of the internet has heralded in many new entrepreneurial options, but does that really cause a decrease in the amount of people going for their MBAs?
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