They may have earned some flack during the financial collapses that kick-started global recession, but it seems MBAs are still in demand.
A recent report from the global Graduate Management Admission Council (GMAC) found that while job seekers at all levels continued struggling with tight
labour market, most of those who earned an MBA or other graduate management degree in 2009 were employed within few months of graduation. However, most found their starting salaries were lower than those being collected by their counterparts from previous years.
More than half found the pay met their expectations, 58 percent were very satisfied with the job they gained and 78 percent reckoned their degree was essential to landing their job.
GMAC is an international non-profit association of top business schools and owner of the Graduate Management Admission Test (GMAT). It reports that record 269,614 GMAT exams were taken worldwide in 2009.
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