GMAC published yesterday the results of its annual survey of MBA recruiters and the results should bring smiles to the faces of anyone in business school. Here are a few highlights:
- Corporate recruiters said they plan to hire 18 percent more MBAs this year than in 2005, on average, with finance and marketing expertise in particularly high demand.
- Recruiters are planning to visit an average of ten schools next year, up from nine in 2005.
- MBA graduates this year can expect to earn an average starting base salary of $80,809, with total compensation hitting an estimated $99,737.
- Nearly 40 percent of recruiters said they place significant weight on soft skills (leadership, communications) when judging people they interview.
While all the above should make those of you in b-school business very happy, MBA wannabes should take particular note of the last point. Those soft skills are the very qualities you should spotlight in your application, especially if you want to transition from a technical role to a general management or business role.