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MBAs are the business

MBAs are the most popular masters degree in the UK, according to the latest findings from the Higher Education Careers Services Unit.
About one in seven masters qualifications awarded in 2004 were in business studies, which represented an increase of more than 50 per cent - or nearly 2,000 additional graduates - on the previous year.
The survey found that almost a quarter of masters graduates were working in management positions six months after completing their course. One in nine went on to work as education professionals, either as lecturers in further or higher education or as teachers in secondary schools.
More than one in 10 - 11.2 per cent - were working in general professional occupations, mostly in research roles.
Two-thirds of the MBA graduates were male and 48 per cent were in the 30-39 age bracket. More than a quarter of masters graduates were over 40 and just nine per cent were aged 21-24.
Mike Hill, the chief executive of the HECSU, said: ‘The huge rise in the popularity of MBAs, especially amongst males well into their 30s who account for seven in 10 recent MBA graduates, complements anecdotal evidence suggesting that a large number of MBA students are funded or part-funded by companies.’
He added: ‘These dramatic MBA figures also suggest that employees who have not been to university are recognising the need for a sound business qualification that will help them climb the career ladder.’

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