Profits and Prophets: June
From June 2006
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MBAs Making Comeback
By Art GarciaThe economy is healthy, corporate recruiters are happy and graduates with a master’s degree in business administration are excusably giddy. Employers plan to hire “significantly more” new MBAs this year than they did in 2005, according to a survey of corporate recruiters by the McLean, Va.-based Graduate Management Admission Council, which oversees the test for aspiring MBAs.
For MBAs newly minted this month, salaries and bonuses will also be rising. In fact, U.S. recruiters’ outlook is the strongest since the GMAC introduced its corporate recruiters survey in 2002, when the world economy was in a slump.
“Every way you look at it, the market for MBA talent has come back strong,” says David Wilson, GMAC’s president and CEO. At the University of California, Davis, Graduate School of Management, class of 2006 MBAs are “doing very well” in the kinds and numbers of offers they’re getting, says James Stevens, assistant dean for student affairs.
And the outlook for 2006 graduating MBAs at Sacramento State is “pretty good,” says Sanjay Varshney, dean of the College of Business Administration, which offers undergraduate and graduate business degrees.
On the Rise
Continued...
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