MBA News: Demand for MBAs on the Rise

According to a recent survey of corporate recruiters noted in the New York Times , MBA graduates are in greater demand these days, especially in emerging countries. This trend seems ironic considering the recent decrease in overall business school applications, as we noted earlier today. However, business school grads have seen a 24 percent increase in job opportunities from 2009 to 2010, with consulting and financial services jobs seeing the greatest rise in demand. According to this report, the pharmaceutical industry is now the highest-paying field immediately after graduation, followed by financial services. Also notable in this survey is that recruiters deem graduates from HBS, Wharton, INSEAD and LBS to be among the most valuable, even if these MBAs are not the highest paid. According to the survey, graduates from Ashridge, Vlerick Leuven Gent Management School, the Hong Kong University of Science and Technology and Fuqua earn higher average starting salaries than MBAs from these well-known programs. With applications falling and demand for MBAs rising, now just might be the time to take the plunge.

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