RESTON, VA--(Marketwired - Nov 18, 2013) - The business school class of 2013 fared well overall on the job market, as 90 percent of alumni around the world polled by the Graduate Management Admission Council in September were employed. Rates varied by country and world region of citizenship, with 95 percent of US respondents employed, 92 percent of Latin Americans, 87 percent of Indians, 82 percent of Europeans, and 85 percent of those from Asia-Pacific countries.
The global figure is six percentage points above the employment rate in 2009, when 84 percent of those queried were employed in September, but down slightly from the 92 percent of last year's graduates employed by September 2012. Despite continued economic uncertainty, 74 percent of class of 2013 alumni who landed jobs said they could not have gotten it without their graduate management education.
"In spite of the slow, uneven economic recovery around the world, the job outlook for business degree-holders is holding fairly steady," said Gregg Schoenfeld, director of management education research for GMAC, the non-profit organization that conducts the GMAT exam for graduate programs in business and management worldwide. "Regardless of employment status, the vast majority of alumni from the class of 2013 believe their education developed their skills, expanded their network, and prepared them for the job market."
The poll is a follow-up to the GMAC Global Management Education Graduate Survey, an exit survey of graduate business students conducted in February and March. Some 915 alumni from 129 business schools worldwide responded to the poll in September. Key findings:
Salaries for business school graduates must be interpreted with caution because they are influenced by many factors, including years of work experience, regional cost of living differences, industry, and job level.
For more information, go to gmac.com/datatogo
About GMAC: 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 nearly 6,000 graduate business and management programs worldwide. GMAC is based in Reston, Virginia, and has regional offices in London, New Delhi and Hong Kong. The GMAT exam -- the only standardized test designed expressly for graduate business and management programs worldwide -- is continuously available at more than 590 test centers in 112 countries. More information about the GMAT exam is available at mba.com. For more information about GMAC, please visit gmac.com/newscenter.