MBA Degrees Open Doors To Bigger Paychecks
January 27, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
A financial website has determined that companies on Wall Street were more generous with bonuses at the end of 2008 than even their employees expected.
This week, eFinancialCareers released a survey showing that 79 percent of Wall Street professionals had received a year-end payout, although a previous survey in October found that only 66 percent were expecting such bonuses.
Just over half of the professionals in the survey (54 percent) reported taking home more than they did in 2007, while 46 percent reported smaller bonuses. The current survey found 26 percent were satisfied with their 2008 bonuses, while 46 percent expressed at least minimal dissatisfaction. Some bonuses were as much as 50 percent smaller than for 2007.
Another 54 percent in the survey said they expect to look for new jobs in 2009, with ten percent of total respondents expressing concern their jobs could be eliminated in the coming year.
For those interested in pursuing MBA degrees, this survey serves as a reminder that despite rising unemployment rates, companies will still pay top dollar to attract and retain top talent.
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Related Article Topics: Finance | Business News
