Graduate Management News

Alumni Perspectives Survey Finds Expanding Job Search Pays Off for the Class of 2010

A slowly recovering economy combined with more creative job search strategies and a willingness to expand their search criteria  have helped the business school class of 2010 fare better on the job market than the class of 2009, reveal findings from GMAC’s Alumni Perspectives Survey. Out of 824 recent alumni from the class of 2010 surveyed in September, 88 percent were employed, up four percentage points from the class of 2009, surveyed a year before. 

“About one in three alumni from the Class of 2010 said the economy did not affect their job search. For many, economic impact resulted in an expansive job search, which meant being more open to different industries, work locations, and compensation levels. The new class didn’t want to minimize their job search, and their extensive efforts led the vast majority of them to employment,” said survey author Sabeen Sheikh, a research manager at the Graduate Management Admission Council. 

Key findings for 2010 graduates:

The 2010 graduates were surveyed as alumni for the first time in September as part of a longitudinal survey of recent business school graduates. Conducted in April and September, the Alumni Perspectives Survey documents job characteristics and changes in employment among approximately 3,400 business school graduates from the classes of 2000 to 2010.

The overall survey found:

The Alumni Perspectives Survey is a longitudinal survey of participants in GMAC’s Global Management Education Graduates Survey, which queries graduating business students. Both are part of GMAC’s suite of surveys, which provide a comprehensive view of management education from potential student to alumni. Schools can sign up to participate in the 2011 Preliminary Application Trends Survey through February 16 and receive a free benchmarking report.