The survey published by the Graduate Management Admission Council (GMAC) found that almost three quarters of employers are looking to hire MBAs in 2012, marking a significant increase from 2011's figure of 58%.
A further 22% of firms are looking to increase the number of MBAs they hire in the next 12 months.
Over half of organisations plan to seek Masters in Management and 59% are hoping to hire graduates with specialised business skills next year.
To encourage MBAs and Masters graduates to take a role at their company, 32% of firms are planning to boost MBA salaries and 27% are planning a wage increase for Masters in Management graduates.
The Office for National Statistics recently revealed UK unemployment has increased to a 17-year high in the past few months.
Source: Matt McAllister, i-l-m.com, Thursday 15th December 2011
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Showing posts with label GMAC. Show all posts
Showing posts with label GMAC. Show all posts
Monday, 26 December 2011
Thursday, 15 December 2011
Optimistic outlook for MBA graduates despite economic uncertainty
In contrast to concerning economic predictions, findings from the Graduate Management Admission Council (GMAC) reveal an optimistic job outlook for MBA and Masters graduates.
A study published this week outlines the boost graduate management education can offer individuals keen to obtain and retain top quality jobs in the current turbulent job market.
According to the Organisation for Economic Co-operation and Development (OECD), Europe is currently in recession with Britain poised to follow in early 2012.
The OECD also said unemployment, which currently stands at 8.3% - its highest since 1996 - will rise to 9.1 per cent in 2013, putting another 400,000 workers out of a job on top of the 2.6 million already unemployed.
But GMAC's survey finds 74% of employers plan to hire MBAs in 2012, up from 58% in 2011, 51% of employers plan to seek Master's in Management in 2012, up from 36% this year and 59% of companies plan to hire graduates with specialised business Master's in 2012, a substantial increase from 38% this year.
Nearly four times as many companies are planning to increase the number of MBAs they hire in 2012 (22%), compared to last year (6%) and more than 50% of employers expect to fill positions from Master's in Management and Specialised Master's in 2012, reflecting significant growth over the third of companies last year who were seeking these candidates and met or exceeded projections.
Just under a third (32%) of companies plan to increase salaries for MBA hires, 27% plan to increase salaries for Master's in management and 26% plan to increase salaries for specialised Masters courses.
GMAC researchers sent the invitation for this poll to 3,358 employers. As of November 16, 229 respondents from 216 companies had completed the survey-a 7% response rate.
Source: Hrmagazine.co.uk, Thursday 15th December 2011
According to the Organisation for Economic Co-operation and Development (OECD), Europe is currently in recession with Britain poised to follow in early 2012.
The OECD also said unemployment, which currently stands at 8.3% - its highest since 1996 - will rise to 9.1 per cent in 2013, putting another 400,000 workers out of a job on top of the 2.6 million already unemployed.
But GMAC's survey finds 74% of employers plan to hire MBAs in 2012, up from 58% in 2011, 51% of employers plan to seek Master's in Management in 2012, up from 36% this year and 59% of companies plan to hire graduates with specialised business Master's in 2012, a substantial increase from 38% this year.
Nearly four times as many companies are planning to increase the number of MBAs they hire in 2012 (22%), compared to last year (6%) and more than 50% of employers expect to fill positions from Master's in Management and Specialised Master's in 2012, reflecting significant growth over the third of companies last year who were seeking these candidates and met or exceeded projections.
Just under a third (32%) of companies plan to increase salaries for MBA hires, 27% plan to increase salaries for Master's in management and 26% plan to increase salaries for specialised Masters courses.
GMAC researchers sent the invitation for this poll to 3,358 employers. As of November 16, 229 respondents from 216 companies had completed the survey-a 7% response rate.
Source: Hrmagazine.co.uk, Thursday 15th December 2011
Wednesday, 11 May 2011
Job market for MBA graduates greatly improved
MBA students have reason to celebrate this year as the job market continues to improve and recruiters predict a substantial increase in hiring of business school graduates.
Though the news was widely expected, confirmation from the latest recruiter survey by GMAC, the Graduate Management Admissions Council, will allay many of the concerns experienced by MBA programme directors in recent years.
GMAC’s corporate recruiter survey shows that MBA hiring is up 5 per cent over 2010, to 67 per cent. Recruitment is particularly strong in the finance, accounting, manufacturing and energy sectors, according to the report.
The other good news is that salaries are up, especially in Europe. The salaries offered by European recruiters to new MBA recruits is $91,693, marginally higher than the $91,433 offered by US recruiters.
Participants on MBA programmes echo the optimism. More than half (54 per cent) had at least one job offer at the time the GMAC research was conducted in March, several weeks before graduation. This compares to 32 per cent of respondents to the 2010 survey. But there are regional variations. Students in the Asia-Pacific region were the most likely to have received job offers (67 per cent) compared to 54 per cent in the US.
The corporate recruiter report surveyed 1,509 participants in 905 companies in 51 countries. The graduate survey was compiled from nearly 5,000 (4,794) graduating masters level business students (88 per cent of whom were MBAs) at 156 business schools. Some 80 per cent of the business schools were in the US, as were 65 per cent of the respondents.
Though the news was widely expected, confirmation from the latest recruiter survey by GMAC, the Graduate Management Admissions Council, will allay many of the concerns experienced by MBA programme directors in recent years.
GMAC’s corporate recruiter survey shows that MBA hiring is up 5 per cent over 2010, to 67 per cent. Recruitment is particularly strong in the finance, accounting, manufacturing and energy sectors, according to the report.
The other good news is that salaries are up, especially in Europe. The salaries offered by European recruiters to new MBA recruits is $91,693, marginally higher than the $91,433 offered by US recruiters.
Participants on MBA programmes echo the optimism. More than half (54 per cent) had at least one job offer at the time the GMAC research was conducted in March, several weeks before graduation. This compares to 32 per cent of respondents to the 2010 survey. But there are regional variations. Students in the Asia-Pacific region were the most likely to have received job offers (67 per cent) compared to 54 per cent in the US.
The corporate recruiter report surveyed 1,509 participants in 905 companies in 51 countries. The graduate survey was compiled from nearly 5,000 (4,794) graduating masters level business students (88 per cent of whom were MBAs) at 156 business schools. Some 80 per cent of the business schools were in the US, as were 65 per cent of the respondents.
Source: Della Bradshaw, FT.com, Tuesday 10th May 2011
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