After what has seemed like years of asking “Thing are bound to get better, right?” the job market is finally, undoubtedly warming up for business school graduates. Earlier this week the Graduate Management Admission Council (GMAC) released a pair of annual international surveys that show that the Class of 2011 is having an easier time landing jobs than grads of recent years, and that employers are bullish on their future hiring plans.
Perhaps the purest litmus test is the percentage of job-seeking students who land jobs before they graduate. Here we see a definite improvement in the 2011 GMAC Global Management Education Graduate Survey results, with 54% of students reporting they had at least one job offer in March (when the survey was conducted), compared to just 32% of those surveyed at the same time last year. For full-time, two-year MBA students, this number is the highest it’s been since 2008.
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