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One in 10 MBAs wants to be self-employed: Survey
Highlights
One in 10 MBAs wants to be self-employed: Survey. One in 10 Business school alumni are self-employed, and the longer they've been out of business school, the more likely they are to have taken an entrepreneurial career path, a worldwide survey of nearly 21,000 business school alumni from the classes of 1959-2013, released on Monday by the Graduate Management Admission Council said.
One in 10 Business school alumni are self-employed, and the longer they've been out of business school, the more likely they are to have taken an entrepreneurial career path, a worldwide survey of nearly 21,000 business school alumni from the classes of 1959-2013, released on Monday by the Graduate Management Admission Council said.
The survey revealed that 45 per cent of those who graduated between 2010 and 2013 preferred to be entrepreneurs and be their own bosses. That's nearly twice the number of their seniors who wanted to be self-employed in the 2000-2009 period.
Surveying alumni from 132 business schools around the world, the 2014 Alumni Perspectives Survey gives insight into career progression, job and degree satisfaction, and school engagement with alumni spanning more than five decades.
Around the world, the vast majority of MBA and other graduate business degree holders rate the value of their degree highly (94 per cent), report high degrees of job satisfaction (83 per cent), and say their expectations for the financial return on investment of their graduate management education were met or exceeded (79 per cent). In general, the per centages of alumni reporting satisfaction with their business degrees, jobs, and careers increased the longer they have been out of school.
The survey found that overall, 79 per cent of alumni from the classes of 1959-2013 currently work for an employer, 11 per cent are self-employed, and five per cent were retired. The findings include a snapshot view of business school alumni entrepreneurs:
Average time from graduation to self-employment also varies by graduation decade: three years for the classes of 2000-2009, nine years for 1990s graduates, 15 years for 1980s graduates, and 20 years for those who graduated before 1980.
Forty-five per cent of alumni entrepreneurs from the classes of 2010-2013 started businesses at graduation, as compared with just seven per cent of alumni entrepreneurs who graduated before 1990.
14 per cent of recent (2010-2013) alumni entrepreneurs work in the technology sector, compared with just two per cent of those graduating before 1990. More than three in 10 self-employed alumni work in both products and services and consulting (each 31
per cent). - Agencies
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