Each year the Graduate Management Admissions Council (GMAC) undertakes surveys of the value of an MBA across three dimensions: personal, professional, and financial. Here is an overview of the results across each of the dimensions.
Of MBA alumni from the classes of 2000-2012:
- 94 percent say their MBA was personally rewarding.
- 93 percent say their MBA prepared them for leadership positions.
- 85 percent say their MBA prepared them to manage work/life balance.
Of MBA alumni from the class of 2012:
- 77 percent of class of 2012 MBA alumni viewed their degree as essential for obtaining their first job after graduation.
- 72 percent of class of 2012 MBA alumni are satisfied or very satisfied with their current jobs.
Of MBA alumni from the classes of 2000 to 2012:
- 80 percent (87 percent of full-time MBAs) say their promotion came faster than or when they expected.
- 79 percent report that having a graduate management degree offers greater job stability in a weak economy.
- High percentages report good to outstanding career outcomes from their degrees in a variety of professional areas such as qualitative analysis (95 percent); quantitative analysis (92 percent); development of professional network (91 percent); preparation for their chosen career (90 percent); faster career advancement (87 percent); and improved job satisfaction (87 percent).
Class of 2013 graduating MBAs:
- Expected an average (median) pre- to post-MBA increase in salary of 79 percent for full-time one-year MBAs, 39 percent for executive/part-time MBAs, and 71 percent of combined (full-time, part-time, and executive) for MBA graduating students.
MBA new hires in 2013:
- Were expected to command a US$43,000 salary premium over new bachlor’s degree recipients in the US.
- Were expected to draw a wide range of salaries, varying substantially by job function, experience, industry, and world region. Expected media starting salary for class of 2013 MBA new hires was US$95,000 in the US, US$85,000 in Europe.
Class of 2012 MBA alumni:
- Typically recouped 38 percent of their financial investment in the first year after graduation.
- Recouped, on average, their full investment after four years.