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MBA Degree Helps Double Salary Package: Survey

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MBA Degree Helps Double Salary Package: Survey

Business school graduates have reported a big jump in salary offers over their pre-degree levels, according to a global survey by Graduate Management Admission Council. Students accepting early job offers this year have reported an average post-degree salary increase of 90 per cent over their pre-degree salary, says the GMAC survey.

GMAC is a non-profit organisation that owns the GMAT exam essential to enter most global business schools.

The survey, which was conducted among 3,329 graduate management students in the class of 2015 at 112 universities in 29 countries, says that more than half (59 per cent) of job-seeking graduate business students in the class of 2015 reported receiving an early job offer prior to their graduation.

The survey also revealed that domestic students are more likely to receive an early job offer than international students.

"In 2015, 70 per cent of domestic students seeking jobs reported an early job offer, compared with 42 per cent of job-seeking international students," the survey said.

Although international students apply to as many jobs as domestic students, on average, they receive 25 per cent fewer interviews, the survey said.

The term "domestic student" refers to students attending school within their country of citizenship. "International student" refers to individuals who are either studying outside their country of citizenship, and/or who seek to work in a location outside their country of citizenship.

Every year, large number of Indian students go abroad to pursue higher education including for MBA degrees.

According to an Assocham study, nearly 7 lakh students went abroad four higher education, up from 2.9 lakh in 2013.

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