Latest Employment Data from MilitaryMBA.net Show Military MBAs in High Demand
Despite High Levels and Costs of Veteran Unemployment
WASHINGTON, D.C., November, 8, 2012 – Military personnel and officers with Masters of Business Administration (MBA) degrees are in high demand among both civilian employers and corporate recruiters. This according to employment figures just released by Military MBA, the nation's largest network of leading universities with degree programs established for military veterans.
The employment surveys conducted with MBA schools throughout the U.S. reveal that officers are one of the most sought after student segments of the MBA graduate pool. In national employment surveys, military personnel with MBAs commanded an average salary and compensation package of $117,310. This compares to data released in June 2012 from the Graduate Management Admission Council on traditional MBA graduates, which shows starting salaries and signing bonuses equal to $105,000 per year.
The differences were greater in job placement rates for MBAs. In 2012, 62 percent of traditional MBA students were placed in jobs. Meanwhile, military MBAs reported 93.5 percent rates of employment with an average of 1.67 job offers within three months after graduation.
"The data prove that former military officers and personnel with college degrees can obtain graduate degrees in business and start successful civilian careers", notes Greg Eisenbarth, executive director of Military MBA.
Other independent studies which validate the benefits of combining military leadership with MBA careers include: “Military CEOs,” from economists at Harvard & MIT, and “Military Experience & CEOs, Is There a Link?” from Korn/Ferry International and The Economist.
Results from the full employment data survey are available on the Military MBA website at www.militarymba.net. The site also supplies planning resources for armed forces personnel who are trying to determine the value of a graduate degree for their military or civilian careers, and identifies those credentialed degree programs that are the most recognized by employers and well regarded by military students.
About Military MBA
Military MBA is an education network for military officers, NCOs and personnel with undergraduate degrees who are interested in obtaining and applying their MBA graduate degree for career advancement. More information is available by visiting www.militarymba.net or by calling 435.649.2190.