MBAs who earned their degrees during the first decade of the 21st century have fared quite well, despite the dot-com bust and the “Great Recession,” reports a Graduate Management News article.
The following data was gathered from GMAC’s semi-annual Alumni Perspectives Survey:
- Of the 3,387 business graduates from the last decade who were surveyed, 96% were satisfied with their decision to pursue an MBA or other business degree.
- 94% of MBAs and other business degrees holders who graduated in the last decade are employed.
- 6% of those that are employed are self-employed. 53% of these business owners manage more than one employee, and 41% of those that are self-employed report at least $250,000 of total revenue per year.
- Of the remaining 6% who are currently unemployed, 48% plan on starting their own businesses.
- 94% of alumni felt that their business degrees provided them with a competitive edge over non-business graduates.
- 89% claim that the value of their degree is “outstanding to good.”
- More than half of 2000-2009 graduates report that they have “achieved, in part, their short-term and long-term career goals.”
- Some of the educational factors valued most by this cohort include classmates, committed faculty members, and a relevant curriculum.
- The median salary for the class of 2000 was $135,000. For the class of 2009, the median salary dropped to $82,000. The median salary for the 2000-2009 period is $94,829.
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Read the full article: GMAC Reports Steady Value of MBA through "Great Recession"
