Job Market for MBAs Improving; Pay Premium Remains
More new business school graduates are landing jobs to go with their diplomas amid renewed optimism among employers, according to GMAC's 2012 Global Management Education Graduate and Corporate Recruiters surveys.
Five Institutions Become Members of GMAC
GMAC has admitted five new member institutions from four countries, including China, France and India. The new schools bring the total number of GMAC member schools to 205 from 22 countries.
> Read press release
> GMAC member institutions
GMAC MET Fund Awards More Than US$7.1 Million in Grants to 12 Global Grant Recipients of Ideas to Innovation Challenge
GMAC has announced that it is presenting more than US$7.1 million in grants to 12 organizations around the world as part of its Ideas to Innovation (i2i) Challenge. The institutions will receive funding to implement programs focused on creating social responsibility and service learning opportunities in graduate management education, building new pathways for military veterans into business leadership, and encouraging global collaboration among educational institutions.
> Read press release
> Read details about the grant winners
Number of GMAT Scores Sent by Chinese Citizens Nearly Triples in Five-Year Period
The number of GMAT scores sent by Chinese citizens to schools around the world nearly tripled (from 48,664 to 126,090) in the past five years, says a new report on GMAT score-sending patters in Asia from GMAC.
> Read press release
Latest Edition of Official GMAT Study Guide Includes Online Prep Companion for New Integrated Reasoning Section
The only GMAT study guide with real questions from past exams has been updated with new questions and an online companion to help you prepare for the Integrated Reasoning section, which will become part of the exam in June. The 13th Edition of The Official Guide for GMAT Review (Wiley Paperback; April 9, 2012; $42.95) is on sale at mba.com, at online retailers, and in bookstores around the world.
More Than Just a Pretty Face: gmac.com Sports New Look, New Features, Improved Search and Faster, Even More Relevant Content Delivery
The newly redesigned website of the Graduate Management Admission Council accentuates the organization’s vast array of research, products and services for business education through more accessible and streamlined content and simplified navigation tools.
> Read press release
MBA Still Top Choice for Prospective B-School Students
The growing popularity of specialized master’s programs has not diminished interest in MBA programs, according to GMAC's newly released mba.com Prospective Students Survey report.
> Read press release and explore interactive graphic
> Download report
> Read story in Graduate Management News
GMAC Holds Conference Call to Share Data
About Women and Graduate Management Education
GMAC held a media conference call on February 29, 2012, to share new data and research about women in the business school pipeline. The topics included the record levels of women taking the GMAT—particularly in the growing economy of China.
> Listen to call (39:52):
> Download slides (1.8MB PDF)
> Download data (376K PDF)
Global Study Opportunities and GMAT Volume Expanding Worldwide
The number of GMAT exams taken around the world in the 2011 testing year reached 258,192—the third-highest level on record—and included a 67 percent increase in tests taken by Chinese and other East Asian citizens compared with 2007, according to GMAC's 2011 World Geographic Trend Report for GMAT Examinees. Also driving GMAT volume is increased interest in a broader range of graduate management programs, particularly specialized master’s programs in finance, accounting and management.
> Read press release
> Download report
> Read story in Graduate Management News
Graduate Management Alums Report 100% ROI After Four Years
Alumni from graduate management programs report a stellar return on investment (ROI), with a survey by the Graduate Management Admission Council (GMAC) finding that graduates recouped one-third of the financial investment in their degree within the first year after graduation, and 100 percent four years out.
> Read press release and explore interactive graphic
> Download survey report
> Read story in Graduate Management News
Year-End Wrap-Up Highlights Positive Trends For B-School Grads in 2011
Key survey and poll results from GMAC during 2011 provided a positive outlook for MBA graduates in 2011 and projected hiring for 2012. Among the findings: More than half of all graduate business students seeking employment in 2011 had at least one job offer pre-graduation, and 2011 graduates who held an internship were 26 percent more likely to land a job before graduation than those who did not have such an experience.
> Read press release
> Access GMAC survey research reports
More Companies Plan to Hire MBAs in 2012, GMAC Poll Finds
Results of the 2011 Year-End Poll of Employers conducted by GMAC indicate an improved job market for MBAs in 2012. The poll show that nearly three-quarters of employers plan to hire MBAs in 2012, up from 58 percent in 2011. In addition, 32 percent of companies plan to increase salaries for MBA hires during the coming year.
> Read press release
> Download the survey report
Business School Graduates Say Internships are Key to Finding Employment
As recruiting for coveted internships begins to heat up at business schools, recent surveys of graduates and employers by GMAC show how important internships are in securing a full-time job after graduation.
> Read press release
> View GMAC data about internships
Graduate Management Application Trends Reflect Economic Uncertainty, Rapid Globalization and Diversification
In the face of continued economic uncertainly worldwide, application volumes to specialized master’s programs in finance and management show strong gains, while the picture for MBA programs is mixed, according to the 2011 GMAC Application Trends Survey.
> Read press release and explore interactive graphic
> Download survey report
> Read story in Graduate Management News
GMAC CEO Dave Wilson and TeamMBA Raise $112,000 for Fight Against Cancer
TeamMBA, led by Dave Wilson, CEO of the Graduate Management Admission Council, raised $112,000 for the Lance Armstrong Foundation in the LiveStrong Challenge, held outside of Philadelphia August 20-21.
> Read press release
> View photo gallery
mba.com Store Adds New Payment Options
Visitors to the mba.com store can now use Norwegian and Swedish currency to make purchases. The store now also accepts the Scandinavian Klarna and Direktbetalning payment systems, as well as payments made in Japanese konbini, or convenience stores.
GMAT Exam Now Accepted by More Than 5,000 Business and Management Programs Around the World
The GMAT exam, the most widely used assessment for business and management programs around the world, has reached a new milestone as the number of programs accepting the exam has now exceeded 5,000 for the first time.
GMAC Releases 'Official GMAT' App for iPhones, iPods and iPads
For the first time, GMAT test takers can prepare for the exam using actual questions from past exams directly from their iPhone, iPod Touch or iPad. The “Official GMAT” app (US$4.99) is a portable, mobile version of the Official Guide to GMAT Review book series and includes features that make preparing for the GMAT exam more convenient and fun.
> Read press release and see video
> Go to reviewer's guide
New MBAs See Better Job Market as Employers Turn Focus to Growth
With graduation season rolling into view, students about to finish business school have an especially good reason to celebrate: The job market for people with management education degrees has improved—and employers expect conditions to get even better during the months ahead, according to the results of a pair of annual international surveys conducted by GMAC.
> Read press release and explore interactive graphic
GMAT Exam Now Accepted by More Than 5,000 Business and Management Programs Around the World
The GMAT exam, the most widely used assessment for business and management programs around the world, has reached a new milestone as the number of programs accepting the exam has now exceeded 5,000 for the first time.
Motivations for Going to Business School Remain Steady Across Economic Cycles, GMAC Research Finds
The reasons people are drawn to business school remain constant despite the cyclical nature of the economy, with the desire to develop new skills and abilities, gain access to better career opportunities and find more interesting and challenging work leading the way, according to new research from GMAC.
> Read press release and explore interactive graphic
Interest by Women in Management Education Grows
GMAC provides data and experts about women in management education as the world marks International Women's Day.
> Discover key trends
> Go to tip sheet
> Download GMAC's 2011 report on women and graduate management education
MBA Compensation Heads Up as Recession Wanes, GMAC Survey Finds
Compensation packages for MBAs who graduated over the last decade are continuing to grow as the global economy appears to be on the mend, according to research conducted by GMAC. The median base salary for business school alumni in the survey topped US$94,500 in 2010—well above the pre-recession level of US$89,000 recorded in 2007.
> Read press release and explore interactive graphic
Europe Drawing Growing Share of Global B-School Student Pipeline, GMAT Data Show
European business schools are attracting a steadily increasing share of the global market of prospective students interested in management education, according to a GMAC analysis of GMAT score-sending trends.
GMAC Awards US$260,000 in Prizes to Winners of Ideas to Innovation Challenge
GMAC is presenting more than US$260,000 in prizes to 21 people whose ideas to creatively change management education rose above all other entries in the Council’s global Ideas to Innovation Challenge. The winners represent nine countries and include business school students, university faculty members and a team including a company president and an intern.
> Read press release
> Learn about the winners
