I have posted repeatedly in recent months about the strong job market enjoyed by MBA class of 2006, but my focus has been on US schools. The Financial Times has an excellent survey of the recruiting scene at top business schools globally and the hiring news is again outstanding. Here are a few highlights:
- The average salary for those graduating this year from London Business School is £60,000 ($110,671), with top average salaries for those who go into consulting of £65,000 ($119,894). Insead also reports a terrific year, particularly for finance graduates.
- The City is driving hiring in Europe according to representatives of Insead and IESE, and the City’s appeal is also attracting MBAs from "across the pond."
- In the US while IB has experienced a resurgence, management consultancy is fueling a new MBA boom.
- "Bain increased its recruitment of MBAs by 20 percent last year and expects to do the same again this year. This means that the management consultancy is recruiting more MBAs these days than in the recruiting heyday of 1999-2000."
Salaries, which on average have broken the $100,000 mark at most top schools, reflect increased demand for MBA talent.
Thanks to Dean’s Talk for highlighting this article along with others which present the following interesting MBA tidbits:
- Indians are flocking to US business schools: Here are some of the percentage increases in Indian application volume at top schools: Tuck- 100%; Chicago – "More than 50%"; Darden – 57%; Haas 35%.
- An MBA can boost your salary more than two years of additional work experience in the IT world.