MBA News: Salaries Up for MBA Grads

According to a new GMAC survey of business school alumni, MBA students who graduated in 2010 received higher median salaries and bigger signing bonuses than graduates in the class of 2009, though both salaries and bonuses are still down from prerecession levels. GMAC President and CEO Dave Wilson attributes this rebound to the many different players who are hiring MBAs—not just financial and consulting firms, but health care firms, government and clean technology businesses as well. According to NYU Stern’s assistant dean for career services, Pamela Mittman, in the Wall Street Journal, companies are still keeping watch on the money they spend but are more willing to pay competitive salaries, offer higher signing bonuses and treat students to “sell dinners” to woo top MBAs. And although not all graduates are seeing higher salaries, more graduates than last year report having a job right after graduation. The trend is looking up for 2011 grads, but only time will tell.

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