GMAC provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide.
Employers clearly place a high value on acquiring MBA and business master’s graduates.The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, in partnership with MBA Career Services & Employer Alliance and European Foundation for Management Development (EFMD), has released its Business School Hiring Report based on findings from the annual Corporate Recruiters Survey, with over 1,200 employers in 45 countries providing insight into current market and hiring trends among MBA and business master’s graduates.
Recent graduates with an advanced business degree, particularly in the US, are procuring substantial starting salaries. The median annual base starting salary US employers plan to offer new MBA hires in 2019 is US$115,000, more than double the median for new bachelor’s degree hires (US$55,000) and the highest ever recorded in the US when adjusted for inflation.