Consulting report says MBA students expect pay boost
Good news, business school graduates: That MBA is likely to land you a fat salary.
Those are the findings of Consultants News, a publication of New Hampshire-based Kennedy Information Inc. that serves the consulting industry. It found that graduates of the nation's top business schools are expecting higher pay for their degree and that some just might get it.
The newsletter said MBA students at top business schools expect to receive up to 20 percent more in total compensation this year, based on the students' interviews with consulting firms.
"On average, base salary for this year's MBAs is almost $110,000, up about 10 percent over last year," the newsletter reported. It noted that some firms, hoping to temper the salary rise, increased signing bonuses by nearly 30 percent.
The newsletter based its findings on information collected from 85 MBA students from a dozen high-ranked business schools, including Yale University, the University of Pennsylvania, the University of Chicago and the University of California at Los Angeles.
It found that the average salary this year will be $109,000, up from $98,751 in 2004. The increase is the first since 2002, when salaries rose to $99,082, up from $92,253 in 2000.
In addition, MBA students and new graduates said they were offered signing bonuses of, on average, $14,000 and an average of $1,500 in tuition reimbursement, bringing total compensation to about $124,000 in 2005.
Consideration helps fellow cubicle workers
The Creative Group, which helps marketing and advertising professionals with job searches, offers advice for workers who want to create a more harmonious cubicle culture:
Even though you and a colleague may be separated by a bit of particleboard and cloth, do knock gently on the side of the entrance before barging in. "This allows the individual to signal whether he or she has time to chat," the firm says.
Keep your voice down. The last thing your cube neighbor wants to hear is your voice, blaring into the telephone. So, if you need to participate in a conference call, find a room. "Talk softy to avoid disturbing others," advises the Creative Group. ''Don't use your speakerphone unless absolutely necessary."
Keep your business to yourself. ''Avoid lengthy, personal conversations when others are within earshot," the firm advises. "For example, the play-by-play description of last night's game is best discussed outside the office."
New Web domain, .jobs, to list corporate vacancies
A top-level domain called .jobs will give job-seekers and recruiters worldwide a more direct way of finding job vacancies on corporate Web sites.
The domain will allow companies to separate their job vacancies from their own sites and manage them through a .jobs site with the company name.
For example, someone seeking to work at XYZ Co. can avoid searching for jobs on the company Web site by typing the company name and .jobs or XYZCo.jobs.
The approach allows workers to avoid scrolling through a company Web site in search of a place to post their applications for jobs.
Once established, .jobs will do two things to make the current recruiting process better, said Tom Embrescia, chairman of .jobs. "'It will make the recruitment process simpler, and it will make recruiting uniform for all companies," he said.
The first .jobs sites are to start in August.
From Boston Globe and Associated Press reports