Students finishing Master of Business Administration
programs this year are being offered base salaries as high as $92,360 for the
first year of employment, up 4.2 percent from the average $88,626 received by
the Class of 2005, a new survey says.
More than two-thirds of jobs taken by MBAs in the Class of 2006 came with average signing bonuses of $17,603, up slightly from the previous year, according to the study released Friday by the Graduate Management Admission Council, a McLean, Va., research organization that administers the Graduate Management Admission Test.
After demand for MBAs declined in the softened economy that followed the 2001 terrorist attacks, employers and recruiters are now seeking the degree-holders to fill jobs in areas ranging from investment banking to marketing.
"The MBA continues to demonstrate its strong value proposition," GMAC President and Chief Executive Officer David Wilson said in a prepared statement. "In a knowledge economy, leadership and management demand a complex portfolio of skills and talents. A selective MBA program gives its graduate those skills."
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