Job Market - MBA job placement rate on the rise By Monique Smith

Source: graduateguide.com

Now that the nation is slowly recovering from the recession, MBA degree holders are finding that the degree's job placement rate is increasing as well.

According to Businessweek, all but three of the 30 top-ranked MBA programs saw a rise in their rates of students finding employment within three months of earning their degree.

Few schools, however, have seen their job placement rates rise to the highs experienced in 2007, before the recession. At that time, the news source reports, the vast majority of students were offered multiple jobs and garnered large signing bonuses.

The rise in the job placement rate was significantly aided by a jump in hiring late this summer.

"We held our collective breath all summer. Our numbers took a rather significant surge in the late summer, just before the closing of my books," Read McNamara, executive director of the career management center at Vanderbilt University's Owen Graduate School of Management, told the source.

According to Payscale.com, individuals who hold an MBA can become financial analysts, marketing directors, CFOs and CEOs, and can earn up to $208,000 each year.

By Monique Smith