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Box 1354 St. Louis, MO 63188 Voice: 314-771-0200 Fax: 314-771-0300 To submit news, contact: editor@slfp.com To advertise, contact: advertising@slfp.com New MBAs Find Success Landing Jobs Before Graduation ST. LOUIS (PRNewswire), June 15, 2008 - Today's challenging economic conditions have not spoiled the party for new MBAs seeking to put their degrees to work. The majority of job-seeking MBA students preparing to complete business school this year landed at least one job offer before finishing their studies, according to the 2008 Global MBA(R) Graduate Survey conducted by the Graduate Management Admission Council(R) (GMAC(R)). GMAC is the sponsor of the Graduate Management Admission Test(R) (GMAT(R)). Fifty-seven percent of the graduating business school students participating in the Council's annual poll of new MBAs -- and in the market for a job -- said they had received an offer of employment. Not since the 2001 Global MBA survey has such a large proportion of new MBAs had a job lined up in advance of graduation. "Although the global economy is struggling to regain its footing, newly minted MBAs are still highly sought after," said Dave Wilson, president and CEO of the Graduate Management Admission Council. "Graduates of full-time programs with job offers tell us that they anticipate a salary increase of 74 percent above their pre-MBA job, on average. For graduates of part-time programs, the expected bump in pay averages 53 percent." The GMAC survey also indicates that business school students are highly satisfied with their educations -- and prize their degrees for reasons that transcend the higher salaries and other perks likely to come their way because of their work. The top reason respondents gave for why they value their educations is the sense of personal satisfaction and achievement gained from the experience. Also high on the list was the potential for gaining more challenging and interesting work in the future. Another noteworthy finding is that graduates of full-time MBA programs are more satisfied with their business school experiences than their counterparts who attended part-time programs by a small but statistically significant margin. Among people who attended full-time programs, men reported greater satisfaction than women did. There was no meaningful difference by gender for part-time programs. The 2008 GMAC Global MBA Graduate Survey includes responses from 5,312 students at 149 graduate schools of business around the world. Archived Stories: Job-hunting Teens: Is This Summer Job Right for You? New Protections Proposed for U.S. and Foreign Workers Hiring Outlook for MBAs Remains Healthy Despite Downturn in Economy CPA Financial Executives Foresee Continuing Decline In the U.S. Economy More Women Than Men Lack Confidence in Preparing for Retirement Foreign Workers Continue to Move into the US Job Market U.S. Unemployment Having Dramatic Impact on Kids' Health Care Coverage $1.7 Million Grant to Assist Missouri Workers Affected by Automotive Industry Layoffs How to Effectively Rebound from Being Let Go AT&T Launches $100 Million Philanthropic Education Program, Job Shadowing for 100,000 Students Obesity Costs U.S. Companies as Much as $45 Billion a Year Workers Show Record Drop in Retirement Confidence, Health Care and Economy Are Major Concerns Demand for Occupational Therapy Services Is On the Rise U.S. High-Tech Industry Adds Jobs for Third Year in a Row Cell Phones May Play a Much Bigger Role in Helping Americans Get Work Job Opportunities You Can Count on Right Now Include Accounting State and Local Public Health Departments Facing Serious Shortage of Skilled Professionals Most Baby Boomers Underestimate Disability Risk 10 Steps to Keeping the Workplace Healthy in the Height of Flu Season Global Survey Shows U.S. Employees Give Highest Marks to Their Managers     The Saint Louis Front Page is owned and maintained by the Moore Design Group for the sole purpose of disseminating news and information about the Metropolitan Saint Louis area. 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