An MBA degree is more valuable than ever before
The MBA - The Master of Business Administration degree - was a hot, hot commodity in the 1990’s, when MBA graduates could take advantage of red-hot lbor markets that badly wanted their skills. Then came a brutal reality check, starting in 2000: First the tech/dotcom buble burst. Not only did that setback back wipe out hundreds of potential employers of MBA graduates in the tech industry, but the end of the bubble meant drastically reduced hiring of MBAs in the financial industry. Then there was the 9/11 terrorist attacks in 2001, followed by uncertainty during the run up to and early weeks of the war in Iraq.
But the market changed in 2005, when employers again started to hire large numbers of MBA graduates and the upswing continued in 2006. While compensation for new MBA graduates in 2005 slightly trailed that for the class of 2001 when adjusted for inflation, but the class of 2006 in all likelihood surpassed them, according to the Graduate Management Admissions Council.
Compensation for new MBA graduates averaged $106,000 in 2005.
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