I HOPE I HOPE I HOPE
MBAs are hot, again.
Salaries and signing bonuses of fresh graduates took a double-digit jump in 2005 to a record average $106,000 and signaled an end to the "perfect storm" of sour news this decade that included the dot-com bust, the Sept. 11 terrorist attacks and a subsequent recession, said Dave Wilson, president of the Graduate Management Admissions Council (GMAC) that oversees the test for aspiring graduate students in business.
Corporate recruiters had disappeared from campuses. But, Wilson reports, "The MBA is back as the currency of intellectual capital."
The $106,000 salary and signing bonus was up 13.5% from 2004, according to a GMAC survey of 5,829 2005 grads. Salary alone increased to $88,600, surpassing the previous high of $85,400 set in 2001. The 2005 salary still trails 2001 by about $4,000 when adjusted for inflation, but the inflation-adjusted record will likely be broken this year.
Salaries and signing bonuses of fresh graduates took a double-digit jump in 2005 to a record average $106,000 and signaled an end to the "perfect storm" of sour news this decade that included the dot-com bust, the Sept. 11 terrorist attacks and a subsequent recession, said Dave Wilson, president of the Graduate Management Admissions Council (GMAC) that oversees the test for aspiring graduate students in business.
Corporate recruiters had disappeared from campuses. But, Wilson reports, "The MBA is back as the currency of intellectual capital."
The $106,000 salary and signing bonus was up 13.5% from 2004, according to a GMAC survey of 5,829 2005 grads. Salary alone increased to $88,600, surpassing the previous high of $85,400 set in 2001. The 2005 salary still trails 2001 by about $4,000 when adjusted for inflation, but the inflation-adjusted record will likely be broken this year.
posted by littledevilworks at 3:51 PM
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