Average US MBA Grad Salaries to Reach $110,000 in 2017

MBA grad hiring is up in 2017, according to GMAC report

Good news for those who have just completed their MBA studies: demand for MBA graduates is on the rise globally, according to a new report from the Graduate Management Admission Council (or GMAC), the company that runs the GMAT.

The report, which collected responses from 628 companies in 51 countries, found that 86 percent of employers surveyed are expecting to hire fresh MBA graduates in 2017, up from 79 percent last year.

And as well as the median salary for US MBA graduates being expected to reach $110,000 (an increase of $5,000 year-on-year since 2015), starting salaries for new MBA hires are looking to increase globally.

Around the world, more than half of the employers surveyed (52 percent) said they planned to increase starting salaries, either at the rate of inflation (34 percent of employers) or even higher (18 percent).

MBA hiring on the rise in firms big and small

When it comes to the big players, more than 9 out of 10 Fortune 100, 500, Global 100, and Global 500, as well as publicly traded companies, responded that they were looking to hire MBA graduates this year.

But the expected MBA hiring among the startup community was also noteworthy: 74 percent of startup employers said they had plans to employ MBA graduates this year, up from 52 percent in 2016.

US and Asia-Pacific region expecting the most new hires

Demand for recent MBA graduates was found to be strongest in the United States and Asia-Pacific where 9 in 10 respondents plan to hire MBA graduates in 2017, an increase of six to seven percentage points compared with 2016 hiring.

Read the full report on the GMAC website.


Image: Sydney by Sven Festersen CC BY 2.0 (cropped)

Comments


More MBA News

Jan 17, 2020

US News Updates Online MBA Ranking for 2020

Jan 17, 2020

More MBA News

MBA Articles

Singapore’s Business Schools Stand to Gain from Hong Kong Protests

Jan 14, 2020

Both cities offer very different value propositions, but the protests may yet tip the balance in favor of Singapore for some MBA students

Why China is a Rising Force in Business Education

Dec 18, 2019

Fast economic growth and gender-balanced cohorts draw students from all over the world

Blurred Lines: Hybrid Online and Campus MBA Courses Come of Age

Dec 10, 2019

Business schools are moving towards a new paradigm, where the physical dimension is not alternative to the digital one; they are integrated

More Articles

Related Top 10 Lists

More Top 10 Lists