GMAC News reveals that recruiters love those shiny, freshly minted MBA’s. And they’re planning to come back for even more next year. "MBA Momentum is Back" quotes the 2006 Corporate Recruiters Survey. A few highlights:
- "MBA graduates this year can expect to earn an average starting base salary of $80,809, with total compensation hitting an estimated $99,737." Just shy of the magic $100K.
- "Applications and admissions to graduate business schools are also on the rise, according to David Wilson, chief executive of GMAC®" although the article did not provide statistics on the increase in applications.
I’ve said it before, and I’ll say it again: MBA application volume will increase as a result of the improved hiring data. Such data drives MBA application volume. This year I have predicted and will continue to predict an increase in application volume. Accepted is already busier at this time of year with MBA applicants than we have been in several years.
I strongly urge those of you toying with the idea of pursuing an MBA to get serious fast. Make up your mind. If you want to apply for a 2007 matriculation, you have a lot of work to do. If you know you want to apply in 2007, prepare for the GMAT, take it seriously, and if at all possible, take it once. If you have already taken the GMAT and are satisfied with your score, research your schools, clarify you career goals and reasons for wanting an MBA from your chosen schools. If possible, visit the schools. Articulating your motivations for pursuing an MBA is critical to the success of your application. Approach it with the same intensity that most of you devote to GMAT preparation.
Then take advantage of all Accepted.com offers:
- MBA Admissions Consulting and Editing
- MBA Information Products
- MBA Admissions BlastOff (Workshop and free teleseminars)
- Free MBA Admissions Chats (you can sign up for our free events announcement list.)
- MBA Interview Feedback Database
- Our monthly ezine, Odds ‘N Ends
- MBA Admissions Advice and Tips.
We offer a lot, much of it for free. Enjoy!