More business grads set up own businesses – survey

MORE than one in every 10 graduates of business schools are self-employed, according to a worldwide survey of nearly 21,000 business school alumni from the classes of 1959-2013 released by the Graduate Management Admission Council (GMAC).

“While entrepreneurship is a hot topic and is a very popular course of study at today’s business schools, these findings suggest that business schools have always prepared students to launch and manage their own businesses,” said Sangeet Chowfla, president and chief executive officer of GMAC, the worldwide association of business schools that conducts the Graduate Management Admission Test.