A new GMAC survey published this month reveals the salary forecast for fresh MBA graduates. The survey included 211 employers in 33 different countries and reveals that 42% of employers plan to pay newly graduated MBAs this year the same as in 2013, while 45% of employers plan to pay slightly more in accordance with the inflation rate. Only 11% plan to increase salaries for MBA alumni at a rate higher than inflation. Two percent of employers plan to pay less in 2014 than in 2013.
In terms of employment predictions, 72% of those surveyed responded that they plan to recruit MBA graduates in the year 2014 (one percent higher than last year), with most planning to recruit the same number or more of MBA graduates as opposed to last year.
What can new MBA graduates do to improve their employment chances? Ninety-eight percent of employers responded that MBAs need to be able to utilize data toward decision-making, and 97% said MBA graduates must have excellent interpersonal skills.