Nearly 9 in 10 Companies Plan to Hire MBA Graduates in 2017
(Thomson Reuters ONE) -
International Hiring Plans Remain Steady Despite Recent Political Uncertainty
RESTON, Va., June 20, 2017 (GLOBE NEWSWIRE) -- Corporate hiring plans for 2017
point to robust employment opportunities for graduates of MBA and business
master's programs, according to a new employer survey report from the Graduate
Management Admission Council (GMAC). Globally, 86 percent of companies plan to
hire recent MBA graduates this year, up from 79 percent that hired them in
2016. Demand for these MBA graduates is strongest in the United States and Asia-
Pacific, where 9 in 10 companies plan to hire these candidates.
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"Despite the political uncertainty about the status of immigration and work
visas in the United States and other parts of the world, companies are keen to
hire graduates from this year's MBA and business master's programs, including
international candidates," said Sangeet Chowfla, GMAC president and CEO. "This
signifies the value these programs create for students and the vital role their
skillsets bring employers."
At the time GMAC conducted the Corporate Recruiters Survey in early 2017,
respondents in Asia-Pacific, Europe, Latin America and the United States
declared their companies are staying the course with plans to hire international
graduate business candidates. Overall, 59 percent of the survey respondents plan
to hire or are willing to hire MBA and business master's graduates requiring
legal documentation - a gain of seven percentage points from 2016.
Most U.S. companies (55 percent) either plan to hire (28 percent) or are open to
hiring (27 percent) an international candidate in 2017 - up from 49 percent that
had such plans last year. The technology industry in the U.S. is the most likely
to hire international business graduates this year. Half of U.S. tech firms (50
percent) plan to hire such candidates in 2017 - up from 27 percent that planned
to hire them last year.
GMAC conducted the 16th annual Corporate Recruiters Survey in February and March
2017 together with survey partners EFMD and MBA Career Services & Employer
Alliance (MBA CSEA), in association with 97 participating graduate business
schools. Survey findings are based on responses from 959 employers representing
more than 628 companies in 51 countries worldwide. Two additional organizations,
CEMS and RelishMBA, assisted with recruitment of survey participants.
Additional Key Findings
Hiring Demand Also Bright for Business Master's Graduates
As the outlook for MBA hiring continues to look bright, so do projected hiring
trends for 2017 business master's graduates, especially those with Master in
Management and Master of Accounting degrees.
* The largest increase in hiring demand compared with 2016 is seen in the
share of companies that plan to hire Master in Management graduates;
globally, 59 percent plan to hire recent Master in Management graduates, up
nine percentage points from last year.
* Notably, 70 percent of manufacturing companies plan to hire Master in
Management graduates in 2017, up from 50 percent of companies that hired
them in 2016.
* Data analytics expertise continues to be in high demand. Sixty-nine percent
of employers plan to place recent graduate business school hires into data
analytics roles in 2017, just trailing marketing, business development, and
finance roles - each with 71 percent.
More Start-Up Companies Plan to Hire B-School Grads This Year
For the first time, this year's survey report breaks out the responses
specifically among start-up companies, revealing a promising 2017 hiring outlook
for business school graduates. Three in 4 start-ups plan to hire recent MBA
graduates in 2017, up from the 52 percent that hired them in 2016. More start-
ups also plan to make 2017 hires from graduates of Master in Management (37
percent), Master of Accounting (23 percent), and Master of Finance (25 percent)
programs.
Compensation: MBA Salaries Will Reflect 83 Percent Premium Over Recent
Bachelor's Salaries
Globally, more than half of survey respondents (52 percent) report that MBA base
salaries will increase at (34 percent) or above (18 percent) the rate of
inflation in 2017. Latin America (74 percent of respondents) and Asia-Pacific
(59 percent) have the greatest share of companies that plan to increase MBA
salaries either at or above the rate of inflation this year.
A majority of European and U.S. companies (57 percent and 51 percent,
respectively) will maintain 2016 salary rates for new MBA hires in 2017. The
projected median base starting salary for recent MBA graduates in the U.S. in
2017 is US$110,000, up from a median of US$105,000 in 2016. This represents an
83 percent premium over recent bachelor's-degree holders in the U.S., who can
expect to receive a median starting salary of US$60,000 in 2017.
"Once again, this year's report brings to light the continued value of the MBA
degree to the marketplace," said Megan Hendricks, executive director of MBA
CSEA. "The increased interest in specialty master's talent provides further
indication of the relevance of these programs at our member schools."
To download the full report, visit: gmac.com/corporaterecruiters. For supporting
graphics, visit the GMAC News Center.
About GMAC: The Graduate Management Admission Council (GMAC) is a global,
nonprofit association of 220 leading graduate business schools. Founded in
1953, we are actively committed to advancing the art and science of admissions
by convening and representing the industry and offering best-in-class products
and services for schools and students. GMAC owns and administers the Graduate
Management Admission Test(®) (GMAT(®)) exam, used by more than 6,500 graduate
programs worldwide, and the NMAT by GMAC(TM) exam, for entrance into graduate
management programs in India. The Council is based in Reston, Va., with offices
in London, New Delhi (Gurgaon) and Hong Kong. For information on assessments,
study tools and services for candidates, visit www.mba.com. For information
about The Council and our market intelligence, professional development
opportunities and services for graduate management education, please
visit www.gmac.com
About EFMD: The EFMD management development network includes nearly 900
institutional members from academia, business, public service and consultancy
across 88 countries worldwide. EFMD offers a range of services, including
conferences and seminars around the world, surveys and the dissemination of
knowledge, quality improvement and accreditation via EQUIS, EPAS, EOCCS and
CLIP, as well as the EDAF mentoring programme and BSIS impact assessment system.
For more information about EFMD, please visit www.efmd.org.
About MBA CSEA: MBA Career Services & Employer Alliance (MBA CSEA) is an 800+
member global alliance of graduate business career management professionals and
employers. The organization is the global leader in delivering the tools,
developing the relationships and providing the supportive information and
services that produce ongoing success for graduate business career services
offices and employers. For more information about MBA CSEA,
visit: www.mbacsea.org.
MEDIA CONTACT:
Jennifer Garfinkel; Director of Media Relations, GMAC
+1 (703) 668-9805 or jgarfinkel(at)gmac.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Graduate Management Admission Council via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.06.2017 - 06:01 Uhr
Sprache: Deutsch
News-ID 548707
Anzahl Zeichen: 8678
contact information:
Town:
Reston, VA
Kategorie:
Business News
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