The Graduate Management Admissions Council (GMAC) (the company that brought you the GMAT) has recently reported that the job market for the class of 2011 MBA graduates has significantly improved from 2010.
In a GMAC survey from March 2011, 54% of MBA class of 2011 respondents indicated that they have already received at least one offer of employment, up from 32% just one year ago as many employers seek to expand operations. Average salaries for MBA graduates are also on the rise, as annual salaries for job-seekers in the United States and Europe are now over USD91,000.
This is very positive news for current MBA students and future applicants, and is strong evidence that the global economic situation is steadily improving.