Business School Applicants, MBA Grad Salaries, MBA Demand: all Up
The Albany Business Review reported that “A down economy hit U.S MBA programs hard, but schools across the country are now reporting a surge in interest from both students and employers.
The New Mexico Business Times found that the University of New Mexico’s Anderson Schools of Management has seen a 33 percent jump in the number of applicants for its master’s of business administration. The Charlotte Business Journal notes the University of North Carolina at Charlotte has seen a 30 percent increase in applications.
And most schools says they’ve seen a big increase in recruiters on campus. The Portland Business Journal reports that the University of Washington said MBA recruiting doubled from 2005 to 2006. The National Association of Colleges and Employers says MBAs are among the job market’s hottest prospects, with starting annual salaries as high as $120,000.
Schools competing for MBA students are also increasing the options available, from part-time and executive MBA programs to increased specialization, the Portland Business Journal continues. At the same time, though, fewer employers are picking up the tab, the Charlotte Business Journal says. While 55% of executive MBA students had full employer sponsorship in 2000, only 45% did in 2004, according to the Executive MBA Council.”
In a Wall Street Journal article from 06/28, columnist, Emily Meehan writes about twenty-somethings who log 80 hr work weeks in the hope of getting ahead. (see “Logging in Long Hours in a Bid to get Ahead“) One of them, 26 year old Martin Keck, has ditched his $125,000/yr day job to return to business school at Dartmouth. He sees the opportunity as one to pause, reflect and acquire skills for the next step. He doesn’t deny that life after Business School will be just as busy as before but he hopes to pick it up again at a senior level.
For the past couple of years the decisive verdict (much like immediately prior to the dot com bust), was, “who needs it? With the economy slowing and credentials in demand the market for sheepskin is on the uptick.
| This entry was posted on Saturday, July 8th, 2006 at 1:32 am and is tagged with executive mba students, executive mba programs, portland business journal, business school applicants, mba grad, street journal article, employer sponsorship, university of new mexico, down economy, anderson schools, wall street journal, schools of management, university of north carolina at charlotte, hr work, national association of colleges and employers, association of colleges, mexico business, albany business, charlotte business, day job. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback. |
2 Responses to “Business School Applicants, MBA Grad Salaries, MBA Demand: all Up”
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dear sir my probalm is IT MBA in what is scope where is job so plz explen for diteal on my mail sir
thanks for you
many many thanks