Job Placement For MBA’s Up, Far Outpacing National Average

There is further encouragement on the job front. Since the housing market collapsed in 2008, M.B.A.’s had suffered continual hiring freezes and job losses but things are beginning to look up.

U.S. News compiled and analyzed job placement data from 119 schools across the country for graduates from 2009 and 2010. According to the data, M.B.A. graduates saw an average 4.9% increase in job placement between the two years, from 70.8% in 2009 to 75.7% in 2010. This data represents a 7% average hiring market growth for M.B.A.’s.

Even though hiring levels are not back up to pre-recession standards, it is believed that the market has reached bottom and is on the move back up, much like the stock market, which has seen an increase of more than 85% since bottoming out in March 2009. The national unemployment rate, as well, is beginning to show signs of declining, down to 8.9% from January’s peak of 10.6%.

Bruce Hurwitz, an executive career counselor and recruiter, is of the opinion that M.B.A. hiring may outpace the rest of the hiring market because the M.B.A. degree is highly sought after and is respected by employers.

One of the schools that has shown substantial job placement gains is Arizona State University’s W.P. Carey School of Business. The school had an overwhelming 89% job placement rate 3 months after graduation, which far outpaces the national average, up substantially from 2009s numbers of 78.3%. The executive dean of the W.P. Carey School of Business, Amy Hillman, indicated that career counseling and job placement have become very important parts of the university experience.

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Posted by Stephanie Koch on Mar 15 2011. Filed under Personal Finance, Top Business Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.