MBA Hiring in Slight Decline, New GMAC Survey Shows

The newly graduated MBA Class of 2018 is stepping into a slightly less robust job market than other recent graduates did, according to the 17th annual Corporate Recruiters Survey by the Graduate Management Admission Council (GMAC). The recently released survey, which features responses from more than 1,000 employers in 42 countries, reveals that 81% of companies worldwide plan to hire MBAs in 2018. This number has hovered in the 80% range for the past several years—86% in 2017, 88% in 2016, 84% in 2015, and 80% in 2014. Demand in 2018 is particularly high in the Asia Pacific region, where 90% of responding companies reported plans to hire at least one MBA this year. This figure was 85% within the United States, slightly lower than the 91% reported last year.

Median starting salaries followed a similar trend by declining slightly but remaining strong. The median base salary for MBAs within the United States was $105K, down from $110K in 2017. Consulting firms offered the highest median base salaries at $125K, followed by finance/accounting ($120K) and technology ($115K). For those hoping for a hefty bonus, the United States might be your best bet: 56% of U.S.-based companies offered signing bonuses, in comparison to 36% in Asia Pacific, 30% in Latin America, and 20% in Europe.

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