The Value of the MBA in 3D

Media Contact

Rich D'Amato
Vice President, Corporate Communications
+1(703) 668-9675
+1(571) 205-6093
rdamato@gmac.com


Subscribe to me on YouTube

GMAC’s annual research surveys offer ample evidence of the value of the MBA across three dimensions: personal, professional, and financial. (All graphics are for media use, with proper copyright included.)

PERSONAL



Of full-time MBA alumni from the classes of 1959-2013:

  • 94 percent say their MBA was personally rewarding.

Of MBA alumni from the class of 2014

  • 92 percent report their graduate management education prepared them for leadership positions.
  • 88 percent report their graduate management education prepared them for their chosen career.
  • 82 percent say their MBA prepared them to manage work/life balance.

Source: GMAC (2014) Class of 2014 Alumni Poll data.

PROFESSIONAL



Of MBA alumni from the classes of 1959-2013:

  • 92 percent say their MBA was professionally rewarding.
  • 90 percent viewed their degree as essential for obtaining employment.
  • 85 percent report they have meaningful work.
  • 83 percent report their graduate management education had a positive impact on their career progression.
  • 75 percent report they have decision-making authority in their work.

Of MBA alumni from the class of 2014:

  • High percentages report good to outstanding career outcomes from their degrees in a variety of professional areas such as qualitative analysis (94 percent); quantitative analysis (92 percent); development of professional network (89 percent); preparation for chosen career (88 percent); increased earning power (86 percent); preparation for working in an international business environment (87 percent); and improved job satisfaction (86 percent).
Source: Class of 2014 Alumni Poll data, GMAC.

Of class of 2014 MBAs:

  • 84 percent say the degree improved their chances of finding a job that meets their expectations.
  • 83 percent said the degree provided them with a competitive edge on the job market.
Source: 2014 Global Management Education Graduate Survey

FINANCIAL

value-of-the-mba-graphic-385w-v3--1-.png

Class of 2014 graduating MBAs expect an average (median) 80 percent pre- to post-MBA increase in salary. The median salary increase was 79 percent for full-time MBAs and 58 percent for part-time/flexible MBAs.  

Source: 2014 Global Management Education Graduate Survey

Of full-time MBA alumni from the classes of 1959 to 2013:

  • 88 percent report their earnings have increased since they graduated.
  • 31 percent of US citizen alumni reported a total net worth greater than US$1 million.

Source: 2014 Alumni Perspective Survey.

Full-time MBA alumni from the classes of 1959-2013 report of their annual median earnings, by work location, in US dollars:

  • Middle East/Africa: $68,380
  • Europe: $102,257
  • Central Asia: $24,049
  • Asia/Pacific Islands: $95,000
  • Canada: $93,866
  • US: $110,000
  • Latin America: $91,007

Source: 2014 Alumni Perspectives Survey

MBA new hires in 2014:

  • Expect to command a US$45,000 salary premium over new bachelor's degree recipients in the US.
  • Were expected to draw a wide range of salaries, varying substantially by job function, experience, industry, and world region. Expected median starting salary for class of 2014 MBA new hires was US$95,000 in the US, and US$83,000 in Western Europe.

Source: 2014 Corporate Recruiters Survey

Percentage of full-time MBA alumni who report their investment in their graduate management education was recouped sooner than they had expected:

  • Classes of 2010-2013:19 percent
  • Classes of 2000s: 31 percent
  • Classes of 1990s: 36 percent
  • Classes of 1980s: 41 percent
  • Classes prior to 1980s: 50 percent
Source: 2014 Alumni Perspectives Survey

Data updated July 3, 2014.

About GMAC Surveys:

The Graduate Management Admission Council (gmac.com) is a non-profit education organization of the world’s leading graduate business schools and owner of the GMAT® exam, accepted by more than 6,100 graduate business and management programs worldwide.

The 2014 GMAC Alumni Perspectives Survey includes data from 20,704 alumni from graduate management programs in the classes of 1959-2013, with 10,650 from full-time MBA programs.

The Class of 2014 Alumni Poll data includes responses from class of 2014 alumni from 98 business schools around the world, with 472 respondents from full-time MBA programs.

The 2014 Corporate Recruiters Survey includes data from 565 employers in 44 countries.

The 2014 Global Management Education Graduate Survey includes data from 3,049 graduating students including 2,600 members of the MBA class of 2014 worldwide.

All graphics are for media use with proper copyright:

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved. The GMAC logo is a trademark and GMAC® and Graduate Management Admission Council® are registered trademarks of the Graduate Management Admission Council in the United States and other countries.