CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Subscribe to Real Money Newsletter Subscribe to Money Magazine Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Subscribe to Money Magazine Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Questions & Answers Innovation Nation Small Business Video 50 Best Places to Launch Resource Guide Next Little Thing Subscribe to Fortune Magazine Fortune 500 Brainstorm Tech Investing Management Executive Interviews Rankings
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?
© 2010 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2010 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.