MBA salaries to increase in 2014

Stack of Australian DollarA majority of employers seeking to hire business school graduates in 2014  plan to increase annual base salary levels for new hires at or above the rate of inflation, according to the Year-End Poll of Employers conducted by the Graduate Management Admission Council (GMAC).

The poll of 211 employers in 33 countries serves as an early gauge of next year’s job market and includes one-fifth of the Fortune 100 and 41 Fortune 500 companies.

The survey showed more than half (56%) of employers plan to increase base salaries for recent MBA graduates at (45%) or above (11%) the rate of inflation.

Fifty-eight percent of employers seeking Master in Management graduates in 2014 will increase  base salaries at (44%) or above (14%) the rate of inflation. Employers recruiting recent accounting and finance graduates have similar plans.

“Actual hiring for 2013 and projected hiring for 2014 are much improved from a few years ago, despite persistent uncertainty in the global economy,” said Rebecca Estrada, GMAC survey manager.

The Graduate Management Admission Council (gmac.com) is a nonprofit education organization of leading graduate business schools and owner of the Graduate Management Admission Test (GMAT exam), used by more than 6,000 graduate business and management programs worldwide.

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Ben Ready founded MBA News in 2014 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize. He is also the founder and Managing Director of RGC Media & Mktng (rgcmm.com.au).