Education

Demand for MBAs to rise in 2015: GMAC

Our Bureau | Updated on January 23, 2018 Published on May 19, 2015

BL04VAI2   -  THE HINDU

If you are a fresh MBA graduate, you have a reason to cheer. About 84 per cent of the companies worldwide are planning to recruit MBAs to their workforce in 2015, according to a Corporate Recruiters Survey by Graduate Management Admission Council (GMAC). Last year, the percentage was 74 per cent and about five years ago it was 62 per cent.

The report says more than half the employers across the world will increase starting salaries for new MBA hires in 2015, either at the rate of inflation (30 per cent of companies) or higher (21 per cent).

Demand for data analytics jobs is up from 44 per cent last year to 51 per cent in 2015 according to recruiters’ feedback.

According to the report, 92 per cent companies in the US plan to hire MBA graduates in 2015, up from 80 per cent in 2014. About 75 per cent of Asia-Pacific companies (69 per cent in 2014) plan to hire recent MBA graduates.

More than half (56 per cent) of European companies plan to hire MBAs and Master in Management graduates (52 per cent).

Prior work experience is key to helping students stand out in the job market, especially for MBA graduates. Depending upon the degree earned, employers expect recent graduate business candidates to have an average (median) of two to four years of prior work experience.

When choosing graduate business candidates to interview, nine out of ten employers cite a demonstrated track record, strong communication skills, and solid technical or quantitative skills as their top three criteria for selection.

The survey, conducted by the GMAC in partnership with EFMD and the MBA Career Services & Employer Alliance, drew responses from 748 employers in 47 countries, including 46 Fortune 100 companies.



Published on May 19, 2015
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