Graduate Management News

Alumni Survey Shows Glimmers of Hope for Economic Recovery

The class of 2009 entered the job market in the midst of the global recession. So how did they fare?

GMAC’s 2010 Alumni Perspectives Survey shows that 84 percent of ’09 alumni of graduate management education programs had jobs by the time they graduated. That’s about 4 percent lower than in each of the past four years—but still a strong showing in a challenging market.

As for compensation, employed alumni from the class of 2009 reported a median salary of US$66,694 and a mean salary of US$70,938 on their first job after graduation. While salaries were down slightly from those reported in last year’s alumni survey, two-thirds of the 2009 respondents (66 percent) say their salary met or exceeded their expectations.

Among other survey findings:

The survey includes input from questionnaires sent in April and September of 2009 to prior respondents of the GMAC Global Management Education Graduate Survey of management students nearing graduation. A total of 3,708 alumni responded to the April survey, representing graduates from the classes of 2000 through 2008. A total of 3,966 alumni responded to the September survey, which also included the newly graduated class of 2009.

How can my program get involved?
Participants in the Alumni Perspectives Survey come from those Global Management Education Graduate Survey respondents who agree to the follow-up study with GMAC. Keeping a pulse on your program’s graduates and alumni by participating in surveys that offer insight into career progression, return on investment, education needs, and alumni retrospective views about education. You also receive individualized benchmarking reports that anonymously compare your program with those of your peers. Sign up your program’s graduates before February 1.