New Tool from GMAC Lets Students Estimate Their Post-MBA Salary
We made it easy for business school students to estimate what they might earn with their degree with an interactive tool based on GMAC data from more than 6,600 alumni.
With an MBA or other graduate business degree, your students will gain a host of advantages that range from the personal to the professional to the financial. And although GMAC research tells us that hiring demand for MBA and specialized business master’s graduates is up around the world, let’s be honest, one of the most important benefits students enjoy after earning their MBA or other graduate business degree is a higher salary.
In our annual survey of corporate recruiters, we found that the median starting salary for MBA grads in 2015 will nearly double that of bachelor’s grads at US-based companies. Specifically, these companies said they plan to offer recent MBA graduates a median starting salary of $100,000 compared with a median of $55,000 for bachelor’s grads. This is, of course, a median number. The world of business is broad, encompassing a wide range of careers and job levels, each with its own set of responsibilities and salaries. So, what starting salary can your students expect with their degree? That depends on a number of factors unique to your situation, including your industry and job level.
Share Our Interactive Tool with Your Students
We made it easy for your students to take these factors into account with an interactive tool based on data from more than 6,600 alumni that lets them estimate the salary they can expect after earning their degree. Simply choose an industry and job level and the tool will provide the median salary for graduates that matches their selections.
The tool will also provide supporting information gleaned from the alumni GMAC surveyed, including the 25th and 75th salary percentiles, job levels and sources of career success, degree value, knowledge usage, and personal career impact.