MBA Hiring to Increase 25 Percent

[ketanm]

March 1, 2005 (SmartPros) — The job market for new MBA graduates is substantially brighter this year, according to a study released by the National Association of Colleges and Employers (NACE).


Employers responding to the 2005 MBA Benchmark Survey estimated that they would hire 24.9 percent more new M.B.A. graduates in 2004-05 than they did in the 2003-04 academic year.
Manufacturers project the biggest increase in MBA hiring, with plans to hire nearly 29 percent more new MBAs this year. By region, MBA hiring is expected to increase most sharply in the Midwest (up 35.9 percent), but all regions report positive hiring projections.

How do employers plan to find these graduates?

"Our results show that employee referrals, on-campus recruiting, and internship programs are the most widely used methods," said NACE Executive Director Marilyn Mackes. "Employers also say these are the most effective means for attracting and hiring MBA candidates."

On average, responding employers expect to offer a base salary of approximately $72,930. When benefits and perks are added, the overall compensation package for an M.B.A. hire averages $93,770.

"What’s important to keep in mind is that these are averages," said Mackes. "There are lots of variables that affect compensation. In fact, in terms of salaries, employers reported starting salaries that ranged from a low of $34,000 to a high of $103,000."

Still, more than half plan to pay their new MBAs more than $75,000 a year. And if that isn’t enough, more than half of the respondents (58.3 percent) expect to "sweeten the pot" with a signing bonus.

"Ironically, that’s an indication of how much ground MBAs lost in recent years," said Mackes. "In a similar survey we conducted in 2001, more than 80 percent of employers said they were offering signing bonuses."

[born2lead]

Ketan

Don't you think all the research and news article should have only one thread
it'll be easy for me.
I don't know about rest of the Junta here.

[MurTuzA]

Originally Posted by born2lead

Ketan
Don't you think all the research and news article should have only one thread
it'll be easy for me.
I don't know about rest of the Junta here.

I agree with B2L.....
Hey ketan.......u really have a wonderful knack of getting ur hands on interesting articles.I really look forward to threads started by u

I have a serious suggestion......As of now U have definitely gained a good reputation on PG and ppl know abt the quality of ur posts...

Start a thread by the name Ketan's corner where u can post all these wonderful articles.It wud also prove very useful for the junta and also for other future n00bs on PG.
Do look seriously into my suggestion and keep posting

[ketanm]

I agree...even I am sometimes wary of starting new threads.... but the problem lies in that in a single thread I can not re-shuffle my posts such that the most recent comes first.... and the title I can not change....[Atleast I am not sure how to do it...] ....

But it is definitely not a bad idea....

Thanks guys....[for the replies as well as encouraging words ]

Ketan