It's a slow but sure recovery for the MBA job market.
"They're able to not only understand one area but other areas of business as well” says Lyman Lewis, IPFW
A few years ago most mba grads could get multiple job offers: possibly a six-figure-salary and maybe even a big signing bonus. Those opportunities are now few and far between.
"Around the country it's become difficult even for mbas
To get a job because most companies are retrenching” says Lewis.
MBA grads though are slightly regaining control.
Bloomberg Businessweek took a look at their Top-30 MBA Programs. Results showed enrollment is increasing.
"They're looking for advancement” says Lewis.
Lewis says MBA enrollment is up at IPFW Students have two ways to earn the degree: the Plus Program which takes 2-to-4-years to complete Or the Accelerated Program which takes 11-months.
"Those that have gone through this program have a significant life
Experience which would say to an employer that they can handle pressure” says Lewis.
Job placement has also improved, but not by a lot. This year 1-in-8 MBA grads from a Top-30 school were jobless 3-months after graduation. In 2009 it was 1-in-5.
"It may take anywhere from 6-months to a year to be able to secure a position” says Lewis.
Salaries have inched up too, but also not by much. Income increased just about $500 compared to last year.
"Salaries depending on what the companies are looking for are going to continue to go up” says Lewis.
But unfortunately so is debt.
"The focus is not on how much you can get up front it's your ability to repay” says Lewis.
Although folks may have a harder time financing higher education, Lewis expects interest will still continue to grow.
You can find out more information on Taylor University’s MBA Program offered in Fort Wayne by heading to http://www.taylor.edu/mba/