Want money? Think MBA
MBAs are attracting the big bucks once again as demand climbs, according to published report.


NEW YORK (CNNMoney.com) - It pays once again to be an MBA.

After a post-dotcom slump, MBA holders are once again scoring large salaries and signing bonuses, according to a report in USA Today.

Salaries and signing bonuses for fresh MBA graduates jumped in 2005 to a record $106,000, up 13.5 percent from 2004, according to a survey from the Graduate Management Admissions Council (GMAC). Salaries alone surged to $88,600, topping the previous record of $85,400 set in 2001. The average bonus paid by an investment bank to a fresh MBA graduate in 2005 was $40,000.

Consulting firms and investment banks are again hiring aggressively after cutting jobs sharply during the recent recession. But demand for MBAs is also rising from the healthcare industry as well as technology, the U.S. government and the not-for-profit sector.

And while more than 100,000 MBA degrees are awarded in the U.S. each year, that number is also expected to climb as a steadily increasing number of prospective students have signed up to take the Graduate Management Admission Test in the last two years, the newspaper reported. Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.