Ahead of the New Year, GMAC published data that might interest current MBA students:
First, employment numbers are recovering after the economic crisis of the last few years. Among all the MBA students who sought work in 2011, 54% received at least one job offer before graduation, as opposed to only 32% in 2010.
GMAC also emphasized the summer internship since those 2011 MBA graduates who were summer interns had a 26% better chance of a job offer before graduation than those who were not. A majority of companies in the employer poll reported that they offered paid internships in 2011, and 69% planned on offering paid internships in 2012. Twenty-two percent planned to increase the number of internships they offer.
Another encouraging finding was that 22% of the companies plan to increase the number of MBA’s they recruit in 2012. About a third of the companies that plan to recruit MBA graduates in 2012 plan to increase the base salary from 2011, while 65% plan to leave the starting salary unchanged.
In terms of MBA admissions, about 67% of full-time MBA programs reported a decrease in the number of applications for this year, but this does not mean it is easier to get accepted. Eighty-nine percent of programs claimed that the quality and academic numbers for this year’s candidates were identical to or better than last year’s.