Key survey and poll results from the Graduate Management Admission
Council (GMAC) during 2011 provided a positive outlook for MBA graduates in
2011 and projected hiring for 2012. The year’s noteworthy findings include:
• 54
percent of all graduate business students seeking employment in 2011 had at
least one job offer pre-graduation, up from 32 percent in 2010, according to
the GMAC Global Management Education Graduate Survey.
• Class
of 2011 grads who did an internship are 26 percent more likely to have a job
offer pre-graduation than classmates without an internship, according to the GMAC Global
Management Education Graduate Survey.
• 67
percent of full-time MBA programs reported a decline in application volume in
2011 compared with 2010; 54 percent of part-time programs reported that
application volume was the same or more than last year; and 58 percent of
executive MBA programs said application volume was the same or more than last
year, according to the GMAC Application Trends Survey.
• 83
percent of Master of Finance programs reported that applications were up, and
69 percent of Master in Management and 51 percent of Master of Accounting
programs reported an increase in applications, according to the GMAC Application Trends Survey.
• Admissions
offices at business schools reported that the quality of applicants for
2011-2012 incoming classes and their academic credentials are equal or better
for 89 percent of full-time MBA programs compared with last year, according to
the GMAC Application Trends Survey.
