A new report has found that the current job market is looking brighter for professionals who have an advanced business degree on their resume.
The new data collected by the Graduate Management Admission Council’s (GMAC’s) 2012 Global Management Education Graduate Survey found that 62% of recent master’s of business administration (MBA) students have had job offers almost immediately following graduation, according to U.S. News and World Reports.
Dave Wilson, GMAC president and chief executive officer, told the news agency that the largest source of jobs for MBA graduates this year appears to be from small businesses. These entrepreneurial firms see real value in the skills that management graduates bring to the workforce, Wilson noted.Business school graduates with an advanced degree on their resume are also expected to make more money this year than new hires with only a bachelor’s degree. According to the Corporate Recruiters Survey, on average MBA candidates earn $40,000 more annually than lose with lesser credentials.According to the Bureau of Labor Statistics, job opportunities for business management analysts are expected to grow faster than the average of all other occupations, by 22%, through 2020.