Success for new MBA graduates
Oct, 2008
More than 96% of the 2008 MBA graduates were employed or received job offers within 3 months of graduating. Up to 70% signed on before their final exams.
Information was collected from 80.3% of the 112 students who graduated in May 2008 as part of the school's commitment to tracking the development of alumni.
The survey found that graduates enjoy an average starting salary package of A$133,569 which is a 63.4% increase on the average pre-MBA package of A$81,734.
John Seybolt, MBS dean and director claims that the results are the best ever for MBS graduates and the best in Australia.
He says, "Almost half of the employed graduates (46.2%) cited MBS-based activities as their primary resource for gaining their new job. This reflects the school's increased investment in the Career Centre and its ongoing emphasis on forging strong links in the business community.
"All business schools survey how their graduates fare in the employment market. It's one of the statistics we submit to organisations like the Financial Times (UK) and Economist (US), which rank us in comparison to our international peers."
Organisations who hired graduates from the class of 2008 include BHP Billiton, Amcor, Booz and Co, Boston Consulting Group, Coles Group Ltd, Ernst & Young, Macquarie Bank, Deloitte and McKinsey.
According to Seybolt, there was a dramatic increase in the number of graduates taking up opportunities in the management consulting industry-47.1% this year compared to 38.5% in 2007-with about 7% of graduates starting their own business.
Before starting their MBA, the 2008 graduates had an average of 6.3 years' work experience, with a minimum of two years and a maximum of 13 years' experience. More than 80% of employed graduates are now working in Australia compared to 42% prior to commencing an MBA.
Click to download the Employment Statistics report for the MBA Class of 2008.
Pre and Post MBA Average Remuneration
