To no one’s surprise, the Graduate Management Admission Council reported today that 2011 MBA graduates are having an easier time in the job market than graduates from recent MBA classes. More than half the class of 2011, or 54 percent, received at least one job offer, up from 32 percent last year, according to the report. The finding are based on a survey, conducted in March, of 4,794 recent or soon-to-be graduates at 156 schools around the world.
On average, students with job offers submitted approximately 16 resumes and applications, received six job interviews and obtained two offers of employment, according to the survey.
Students benefitting the most from the buoyant hiring outlook are those from the Asia-Pacific region. About 67 percent had received offers by March, and of all those surveyed, 72 percent indicated that economic factors would have no impact on their future job search plans. U.S. students fared the second best, with about 54 percent of MBA students securing a job, the survey said. The economy weighed heavier on U.S. students’ minds than their Asian-Pacific counterparts, with only 55 percent of those surveyed indicating they didn’t expect the economy to alter their plans, the survey said.
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