The MBA Class of 2016 graduated to an unusually promising job market. According to the recently released Graduate Management Admission Council (GMAC) 2016 Corporate Recruiters Survey Report, as many as 88% of corporate recruiters plan to hire new MBAs this year. The report, which surveyed more than 840 employers in 40 countries, also revealed that 54% of the respondents will raise their starting salaries for MBAs.
The upcoming 2016–2017 academic year looks promising for MBA students as well. For example, according to the survey, 89% of companies plan to conduct on-campus recruiting.
Recent years have not been quite as rosy for business school graduates—last year, only 80% of employers said they planned to hire MBAs. However, in the midst of recession in 2010, the figure was just 55%.