Four Years Enough for MBA Graduates to Recoup Education Fees

BENGALURU: According to a survey ‘what could serve to reassure MBA graduates across the globe about their career choice’, 14,000 students of Graduate Managing Admission Council (GMAC) have, on an average, recovered their investments in business schools within four years of completing the programme, reports Yogita Rao for The Times of India.

GMAC’s alumni have stated that the degree has helped them increase their earning power as well as their earnings. 92 percent of them are employed, 59 percent took up the degree to increase their salary while 81 percent have successfully increased their productivity. Along with increased productivity, the management programme has also boosted their personality and helped them groom their personal and financial status. 73 percent of the alumni claim to have benefitted with respect to career development, 88 percent in qualitative analysis, 84 percent in quantitative analysis and 76 percent in enhanced soft skills.

"If the students get into top-tier B-schools, they manage to recoup their investment in four to five years. However, if they do not manage to get admission in top-rung schools, the salaries and job profiles offered are not up to the mark," said Rajan Saxena, Vice-Chancellor, NMIMS University.

The Alumni Perspectives’ Survey Report 2016 presented the experiences of 14,279 management school alumni representing more than 275 graduate business programs in 20 locations worldwide. The alumni delineated the returns they received after the business management programs in terms of salary growth, higher employment rates and career satisfaction. The report says that the business school alumni earn $2.5 million as their salary 20 years post their graduation.

Bob Alig, GMAC's executive vice-president for school products added, "People make the decision to invest in a graduate management education to meet a variety of different aspirations and needs, and a majority are enthusiastic about their investment and inspired by their experience. Around 93 percent said they would prefer pursuing the degree again, if given a chance.

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