The majority of the graduating MBA class of 2004 is using their new degree to switch industries or job functions, according to a new study by the Graduate Management Admission Council (GMAC).



“We have long referred to the MBA as a global currency – a degree that symbolises value all over the world. To many people the value comes in the form of career mobility.”



The three most attractive industries to the MBA class of 2004 are finance, health care and products and services. The survey also reveals that the average MBA graduate expects a 35 per cent salary increase as a result of the degree.



“In an era when people don’t tend to stay with one company or job track for their entire career, the MBA is allowing them to take control of their careers and change course when they want or need to.”



A total of 6,223 MBA graduates from 128 business schools in 16 countries participated in the survey, conducted annually by GMAC.