MBA earnings prompt growth in Business School applications
Highest ever MBA earnings prompt growth in Business School applications
Vanguard News, Nigeria
The worldwide average reported salary and bonus package for new MBA graduates jumped 10 per cent in 2005 to a record N$15 million ahead of the previous 2001 peak. This increase reflects renewed competition for the best business school graduates, especially between banks and consulting firms, according to the latest annual TopMBA.com Global Salary and Recruitment Report, an annual survey of major recruiters around the world.
According to Nunzio Quacquarelli, director of the QS World MBA Tour, the largest international programme of MBA information fairs, this development will directly affect MBA applicant numbers in 2006. “Last year, the QS World MBA Tour, now a primary recruitment tool for the world’s leading business schools, registered a 17 per cent growth in candidate numbers, with over 70,000 MBA applicants meeting 350 business schools in 56 different cities around the world. In 2006, we expect a further 10-20 per cent increase, as young professionals around the world pursue a qualification they see as opening the door to lucrative careers in financial services, consulting, marketing, financial and general management.
That’s also why we will be visiting Lagos for the first time this year, as well as returning to Johannesburg in South Africa.”
Other authorities share Quacquarelli’s positive view of business school application trends. GMAC, the Council, which runs the GMAT test for business school admission, confirms that the numbers of test takers has increased by over 10 per cent, since August 2004. David Wilson, President of GMAC observes, “We are seeing a broad-based recovery in numbers everywhere. It is not just full-time MBAs on a growth track. Part-time and Executive MBAs are also growing strongly.”
Now in its twelfth year of operation, the QS World MBA Tour travels with the top international business schools, including most of the US ‘Top 20’, including; Chicago, Columbia, Cornell, Dartmouth, Duke, Michigan, Tuck and Wharton. All of the leading European schools also take part including SDA Bocconi (Italy), HEC and INSEAD (France), IESE, ESADE and IE Business School (Spain), IMD and St Gallen (Switzerland), and the Judge Institute Cambridge, Cass, Cranfield, Tanaka School Imperial College, London, Manchester, and Warwick Business Schools (UK).
London Business School (LBS) is just one of the major schools which attends most World MBA Tour fairs. David Simpson, Senior Manager, MBA Admissions says, “Every year LBS meets many high calibre international students at QS World MBA Tour fairs. The quality, energy and experience of the prospective candidates are always impressive. We look forward to meeting more of tomorrow’s leaders over the coming year.” An average 85 per cent of the LBS MBA class originates from outside the UK of whom an average 60 per cent remain and work in the country immediately after their MBA.
The World MBA Tour enables potential candidates to meet face-to-face with admissions directors and to obtain a wide range of information on programme content, costs and duration, financial aid and post-qualification career options. Seminars and workshops presented at the fairs and open to all to attend, cover wide-ranging issues such as choosing between specialist post-graduate courses and an MBA, picking the right school, financing an MBA, taking the GMAT test and preparing a winning application. All visitors to events receive a complimentary copy of the TopMBA.com Global Salary and Recruitment Report and the first 100 attendees at each fair also receive a free copy of the leading publication for potential students, the Top MBA Career Guide.
Over N$170 million of MBA scholarships are exclusively available through the Tour from schools including; Wharton, IE Business School (Spain) and Ashridge. Six QS (Quacquarelli Symonds) Leadership & Community Scholarships are also available to fair attendees.
Vanguard News, Nigeria
The worldwide average reported salary and bonus package for new MBA graduates jumped 10 per cent in 2005 to a record N$15 million ahead of the previous 2001 peak. This increase reflects renewed competition for the best business school graduates, especially between banks and consulting firms, according to the latest annual TopMBA.com Global Salary and Recruitment Report, an annual survey of major recruiters around the world.
According to Nunzio Quacquarelli, director of the QS World MBA Tour, the largest international programme of MBA information fairs, this development will directly affect MBA applicant numbers in 2006. “Last year, the QS World MBA Tour, now a primary recruitment tool for the world’s leading business schools, registered a 17 per cent growth in candidate numbers, with over 70,000 MBA applicants meeting 350 business schools in 56 different cities around the world. In 2006, we expect a further 10-20 per cent increase, as young professionals around the world pursue a qualification they see as opening the door to lucrative careers in financial services, consulting, marketing, financial and general management.
That’s also why we will be visiting Lagos for the first time this year, as well as returning to Johannesburg in South Africa.”
Other authorities share Quacquarelli’s positive view of business school application trends. GMAC, the Council, which runs the GMAT test for business school admission, confirms that the numbers of test takers has increased by over 10 per cent, since August 2004. David Wilson, President of GMAC observes, “We are seeing a broad-based recovery in numbers everywhere. It is not just full-time MBAs on a growth track. Part-time and Executive MBAs are also growing strongly.”
Now in its twelfth year of operation, the QS World MBA Tour travels with the top international business schools, including most of the US ‘Top 20’, including; Chicago, Columbia, Cornell, Dartmouth, Duke, Michigan, Tuck and Wharton. All of the leading European schools also take part including SDA Bocconi (Italy), HEC and INSEAD (France), IESE, ESADE and IE Business School (Spain), IMD and St Gallen (Switzerland), and the Judge Institute Cambridge, Cass, Cranfield, Tanaka School Imperial College, London, Manchester, and Warwick Business Schools (UK).
London Business School (LBS) is just one of the major schools which attends most World MBA Tour fairs. David Simpson, Senior Manager, MBA Admissions says, “Every year LBS meets many high calibre international students at QS World MBA Tour fairs. The quality, energy and experience of the prospective candidates are always impressive. We look forward to meeting more of tomorrow’s leaders over the coming year.” An average 85 per cent of the LBS MBA class originates from outside the UK of whom an average 60 per cent remain and work in the country immediately after their MBA.
The World MBA Tour enables potential candidates to meet face-to-face with admissions directors and to obtain a wide range of information on programme content, costs and duration, financial aid and post-qualification career options. Seminars and workshops presented at the fairs and open to all to attend, cover wide-ranging issues such as choosing between specialist post-graduate courses and an MBA, picking the right school, financing an MBA, taking the GMAT test and preparing a winning application. All visitors to events receive a complimentary copy of the TopMBA.com Global Salary and Recruitment Report and the first 100 attendees at each fair also receive a free copy of the leading publication for potential students, the Top MBA Career Guide.
Over N$170 million of MBA scholarships are exclusively available through the Tour from schools including; Wharton, IE Business School (Spain) and Ashridge. Six QS (Quacquarelli Symonds) Leadership & Community Scholarships are also available to fair attendees.
posted by Newton Campos at
19:05
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