©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. This document may be reproduced, in whole or in part, without modification and with all copyright and trademark attributions included. Graduate Employment Search Industry Analysis 2008: Management Consulting Gregg Schoenfeld Associate Director, Research Graduate Management Admission Council ®

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Post-Graduation Industries Half of the graduates were interested in 11 industries from a list of 55 industries. 5% of graduates intend to be employed in the management consulting industry.

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Career Changing Status The vast majority of respondents entering the management consulting industry were switching from other industries.

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Prior Industry among Career Switchers A quarter of the respondents switching into management consulting previously worked in the products/services industries and about a fifth were from technology industries. 5% 9% 10% 11% 16% 22% 25% 2% 0%10%20%30% Energy/Utilities Healthcare Finance/Accounting Manufacturing Nonprofit/Government Consulting Technology Products/Services

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Anticipated Job Level The majority of respondents plan to enter at a mid-level position, and about a third of the respondents plan to hold a senior-level position after graduation.

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Job Search Status Average # of Job Offers % searching for a job 9% staying with current employer. 2% starting own business. 9% not currently searching.

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Company Selection Criteria When selecting a company in the management consulting industry, respondents considered room for growth, a fit with the company culture, and a positive organizational climate most important.

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Preferred Organizational Culture The preferred culture includes decentralized decision-making, a cooperative atmosphere, a clear and well-communicated vision, and a focus on company success. Centralized decision makingDecentralized decision making Internal competitionCooperative atmosphere Well-defined career pathFlexible career opportunities Formal atmosphereInformal atmosphere Clearly defined responsibilites Varied/fluid responsibilities Formalized proceduresLoosely defined procedures Clear, well- communicated vision Flexible, adaptable corporate goals Focus on company successFocus on public good Individual performance- based reward Team-based reward

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Job Selection Criteria When selecting a job, respondents considered challenging and interesting work, an opportunity to learn new things, an opportunity for professional development, and advancement opportunities to be the most important criteria. Stock option or ownership program Opportunity to work or travel in a foreign country Flexible schedule Job security Benefit package Job autonomy Visibility with executive team Competitive salary Achieving something that you personally value Ability to make an impact Advancement opportunity Opportunity for professional development Opportunity to learn new things Challenging and/or interesting work Extremely important Not at all important

©2008 Graduate Management Admission Council® (GMAC®). All rights reserved. Source: 2008 Global MBA® Graduate Survey. Available at Management Consulting: Expected Change in Salary Overall, respondents entering the management consulting industry expected a 78% increase in salary compared with their pre-degree earnings. 52% 81% 78% 0% 25% 50% 75% 100% Previously worked in industry Plan to switch into industry Overall