Overall, the vast majority of business school alumni are employed, whether for a company (79%) or as self-employed entrepreneurs (10%), according to new findings from the 2018 Alumni Perspectives Survey, which solicited responses from 10,882 alumni worldwide representing 274 institutions and a wide variety of program types.
Additional survey findings associated with alumni employment, including employment status, entrepreneurship, industry, job functions, and salary can be found in a new survey report published on gmac.com this week.
Key findings include:
- B-school alumni are employed across a range of industries and job functions. The top industries include products/services (20%), technology (17%), and finance/accounting (15%).
- The most common job functions include general management (24%), finance/accounting (21%), and marketing/sales (18%).
- Recent alumni are more likely than earlier alumni to work in the technology and products/services industries. Earlier alumni are more likely to work in the finance/accounting and consulting industries.
- The majority of business school alumni feel their graduate management education advanced their careers at a faster rate compared with peers who do not have a graduate management education.
- One in 10 b-school alumni are entrepreneurs. The rate of entrepreneurship among alumni increases with years removed from graduation.
- The median base salary among alumni is US$115,000, with variation by job level and location.
An additional survey report focused on international education based on the 2018 Alumni Perspectives Survey will be published in coming weeks.