Nine out of 10 MBA graduates hired, says GMAC 2013 survey

Nine out of ten MBA graduates from the class of 2013 have been hired, states a recent Graduate Management Admission Council (GMAC) survey. As the world market grapples with economic crisis, this comes as a relief to various students looking to pursue MBA. As many as 84% students reported that their management degree is professionally rewarding.

“As many as 87% of Indian citizens are employed this year with 83% working for an employer and 4% being self-employed. The global figure is down slightly to 90% from the 92% of last year’s graduates employed by September 2012. Despite the continued economic uncertainty, 72% of the Class of 2013 alumni who landed jobs said they could not have got it without their graduate management education. This shows that despite the slow, uneven economic recovery around the world, the job outlook for business degree-holders is holding fairly steady,” informs Gregg Schoenfeld, director, management education research, GMAC, to Hindustan Times.

The MBA Class of 2013 also fared well in the job market. The students believe their degree helped further network and develop skills necessary for job market. About 915 alumni from 129 B-schools worldwide participated in the poll. This is a follow-up poll to “GMAC Global Management Education Graduate Survey, an exit survey of graduate business students conducted around March”.

The survey further informed that technology sector hired 15% of MBA Class of 2013 graduates worldwide.  In India, 57% grads were employed in finance and accounting, products and services, and consulting sectors.