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Class of 2015 Alumni Poll

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Key findings of GMAC’s annual follow-up poll of recent business school graduates.

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Class of 2015 Alumni Poll

  1. 1. SlideShare Focus: Class of 2015 Alumni Poll
  2. 2. Research Services Class of 2015 Alumni Poll Class of 2015 Alumni Poll Survey of the business school class of 2015 three to four months following graduation Topics include: Employment Rates Employment Characteristics Evaluation of Business School • By program type and citizenship. • Including industry, job function, job level, and job location. • Including ratings of learning and career outcomes, value of degree, and recommendation intention.
  3. 3. Research Services Class of 2015 Alumni Poll Employment Rates
  4. 4. Research Services Class of 2015 Alumni Poll 86% 92% 90% 85% 88% 0% 20% 40% 60% 80% 100% 2011 2012 2013 2014 2015 Percentageemployed Graduation year Overall, 88% of job seekers in the business school class of 2015 were employed at the time of the survey. Employment Rate Among Alumni Shortly After Graduation, 2011-2015
  5. 5. Research Services Class of 2015 Alumni Poll 87% 91% 95% 93% 93% 0% 20% 40% 60% 80% 100% 2011 2012 2013 2014 2015 Percentageemployed Graduation year Employment Rate Among US Citizens Shortly After Graduation, 2011-2015 Class of 2015 US citizens were employed at a rate of 93%—six percentage points greater than the employment rate of US citizens in the class of 2011.
  6. 6. Research Services Class of 2015 Alumni Poll 85% 90% 92% 86% 91% 0% 20% 40% 60% 80% 100% 2011 2012 2013 2014 2015 Percentageemployed Graduation year Full-Time Two-Year MBA Employment Rate Shortly After Graduation, 2011-2015 91% of full-time two-year MBA alumni were employed at the time of the survey— five percentage points greater than last year’s class.
  7. 7. Research Services Class of 2015 Alumni Poll 74% 89% 82% 77% 73% 0% 20% 40% 60% 80% 100% 2011 2012 2013 2014 2015 Percentageemployed Graduation year Full-Time One-Year MBA Employment Rate Shortly After Graduation, 2011-2015 Full-time one-year MBA graduates of the class of 2015 report an employment rate of 73%. This marks a third straight year of decline and a five-year low.
  8. 8. Research Services Class of 2015 Alumni Poll 91% 95% 95% 95% 94% 0% 20% 40% 60% 80% 100% 2011 2012 2013 2014 2015 Percentageemployed Graduation year Professional MBA Employment Rate Shortly After Graduation, 2011-2015Class of 2015 alumni from professional MBA programs (part- time, flexible, online, and executive MBA) report an employment rate of 94%, on par with the previous five years.
  9. 9. Research Services Class of 2015 Alumni Poll 84% 84% 76% 75% 84% 0% 20% 40% 60% 80% 100% 2011 2012 2013 2014 2015 Percentageemployed Graduation year Specialized Business Master’s Employment Rate Shortly After Graduation, 2011-2015 The employment rate for 2015 alumni of specialized business master’s programs was 84%—notably higher than last year’s class (75%).
  10. 10. Research Services Class of 2015 Alumni Poll Employment Characteristics
  11. 11. Research Services Class of 2015 Alumni Poll 5% 6% 7% 11% 16% 17% 18% 20% 0% 10% 20% Manufacturing Energy/utilities Health care Government/nonprofit Consulting Technology Finance/accounting Products/services Percentage of respondents Class of 2015 business school alumni secured employment this year across a broad array of industries. Industry of Employment, Business School Class of 2015
  12. 12. Research Services Class of 2015 Alumni Poll 3% 5% 14% 15% 19% 19% 26% 0% 10% 20% 30% Human resources IT/MIS Operations/logistics General management Consulting Marketing/sales Finance/accounting Percentage of respondents Job Function, Business School Class of 2015 Positions in finance and accounting (26%), consulting (19%), and marketing and sales (19%) are the top job functions for which class of 2015 alumni accepted job offers.
  13. 13. Research Services Class of 2015 Alumni Poll 22% 57% 18% 3% 64% 20% 16% 0% 21% 67% 12% 0% 12% 55% 25% 8% 0% 20% 40% 60% 80% Entry level Mid-level Senior level Executive Overall Specialized Business Master's Full-time 2-YR MBA Professional MBA Globally, a majority of employed alumni in the class of 2015 work in mid-level positions (57%). Job levels vary by program type, possibly related to alumni levels of pre-degree work experience.
  14. 14. Research Services Class of 2015 Alumni Poll The majority (78%) of class of 2015 respondents hold jobs within their country of citizenship, but there is considerable regional variation. United States Europe Asia- Pacific Latin America Work in country of citizenship 97% 55% 41% 72% Work outside country of citizenship 3% 45% 59% 28%
  15. 15. Research Services Class of 2015 Alumni Poll The median salary offered in 2015 to alumni of full-time two- year MBA programs who work in the United States was US$94,900, with additional compensation of US$15,000. Across all program types, there is notable variation in median annual starting salary by work location. Work Location 25th Percentile Median 75th Percentile United States $59,800 $90,000 $107,000 Latin America $35,000 $60,000 $80,000 Europe $28,668 $56,880 $96,696 Asia-Pacific $18,431 $37,844 $75,689
  16. 16. Research Services Class of 2015 Alumni Poll 5 Current Employees 5 New Employees Median of Median of Jobs Created by Self-Employed Alumni, Class of 2015 6% of class of 2015 alumni who report being employed at the time of the survey identify as entrepreneurs/self- employed. A majority of these alumni (79%) have employees and expect to hire employees in the next 12 months (88%).
  17. 17. Research Services Class of 2015 Alumni Poll Evaluation of Business School
  18. 18. Research Services Class of 2015 Alumni Poll 83% 88% 89% 89% 90% 90% 91% 91% 94% 95% 0% 25% 50% 75% 100% Prepared for managing work-life balance Prepared for int'l business environment Improved my job satisfaction Offered quicker career advancement Increased earnings power Developed professional network Prepared me for chosen career Developed quantitative skills Prepared for leadership positions Developed qualitative skills Percentage rated outstanding, excellent or good Outcomes Related to Graduate Management Education, Class of 2015 The vast majority of class of 2015 alumni agree their graduate management education helped to develop their skills, expand their network, and prepare them for the job market.
  19. 19. Research Services Class of 2015 Alumni Poll When asked about the advantages gained from pursuing a graduate management degree, alumni most often agree that the personal and professional outcomes are as rewarding as the financial gains. Key driver analysis shows the relationship between these rewards and overall value is relatively equal. Multiple R = .717 Professionally rewarding 36% Personally rewarding 33% Financially rewarding 31% Key Drivers of Overall Value of Degree, Class of 2015 See note on key driver analysis in the full report.
  20. 20. Research Services Class of 2015 Alumni Poll 97% 98% 96% 95% 96% 0% 25% 50% 75% 100% 2011 2012 2013 2014 2015 Percentageofrespondents Graduation year Recent Alumni Recommendation Intention, by Graduation Year The vast majority of class of 2015 alumni (96%) would recommend their program to others, regardless of employment status, program type attended, or citizenship.

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