A recent survey of 2007 MBA graduates by The Financial Times suggests that changing jobs is not necessarily a bad thing. In fact, a bit of change is good. Very good.
The survey, which polled alumni of business schools across the world from the graduating class of 2007, shows that MBA graduates who were on the lookout for higher paying jobs in the past few years actually earn more than if they had stayed at their first jobs.
Although this fact is surprising in light of the recent recession, The Financial Times, in its article “It Really Does Pay to Change Jobs,” believes that this data really proves the value of an MBA because it shows the degree’s usefulness even during a recession.
But there’s a catch. MBA graduates who changed jobs were more successful only if they changed jobs just once. Those lucky individuals earned an average of $135,600 within three years of graduating—$1,600 more than their classmates who stayed at the same jobs.
The bottom line is that change is good – just not too much change. The most unfortunate MBA graduates were those who switched jobs multiple times and ended up earning an average salary of $106,300.
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