Wherever you are in your MBA experience -- just starting to consider B-School, have already submitted applications, or are a current student -- the value of an MBA degree is likely at the forefront of your mind. How will your personal and professional life change? What will your post-MBA finances look like? Ultimately, what will this investment return for you?
If you could fast forward to your life post-MBA and have a glimpse on how your MBA experience impacted you, would you? Of course! Luckily, the Graduate Management Admissions Council has already done this for you in their annual Alumni Perspectives Survey. Read up on what 4,135 alumni from graduating classes between classes of 2000-2011 had to say.
Some highlights not to miss include:
- 93 percent of alumni say their MBA was personally rewarding, 92 percent report that their degree prepared them for leadership positions, and work/life balance (79 percent).
- 77 percent of the most recent graduating class viewed their degree as essential for obtaining their first job after graduation, and 81 percent are satisfied or very satisfied with their current jobs.
- 82 percent of all MBA alumni, including 86 percent of full-time MBAs, say their promotion came faster than or when they expected.
- 79 percent report that having a graduate management degree offers greater job stability in a weak economy.
- An overwhelming majority of alumni report good to outstanding career outcomes from their preparation for their chosen career (90 percent), opportunities for faster career advancement (88 percent), improved job satisfaction (87 percent), and development of a professional network (86 percent).
- 2012 MBA graduates (full-time, part-time, and executive MBA) expected to see an average salary increase of 71 percent over their pre-degree salary.
- MBA alumni from the class of 2011 recouped, on average, 1/3 of their financial investment in the first year after graduation. After approximately four years, alumni typically recouped their full investment.
Wondering how Carlson's Full-Time MBA alumni stack up?
Read up on our current employment report, which reports a median post-MBA salary for 2012 graduates at $97,505, equating to a post-MBA pay hike of 132.2%. In the past 3 years, 162 different companies have hired our FTMBA students for internships and full-time placement. These impressive numbers are reflected in recent Poets and Quants report showing Carlson as 3rd for average salary increase among ranked business schools this year.