The GraduateManagement Admission Council (GMAC) conducts an annual survey of employers that
recruit on business school campuses. The 2014 Corporate Recruiters Survey
Report, shows that worldwide, the job market continues to improve for
graduate business degree holders.
With support from
survey partners EFMD and MBA Career Services & Employer Alliance (MBA CSEA)
and 133 business schools worldwide, the 2014 survey drew responses from nearly
600 employers in 44 countries around the globe.
Key findings:
- Globally, four in five (80%) companies plan to hire MBAs, up from 73 percent in 2013.
- Sixty-one percent of European companies plan to hire MBA graduates in 2014, up from 52 percent in 2013.
- Asia-Pacific region are expected to show the greatest growth rates in hiring of business school graduates in 2014. MBAs remain the most sought-after business degree candidate; 13 percent more Asia-Pacific companies plan to hire MBAs in 2014 (83% of employers) compared with last year (70%).
- Eighty-six percent of US employers plan to hire MBA graduates in 2014, up from 81 percent in 2013.
- Regarding compensation, in 2014, the majority of survey respondents report they will offer recently hired business school graduates starting salaries comparable to those offered in 2013.
It’s a good time
to be an MBA. The hiring outlook for recent graduate business students is
amongst the best ever. Increased proportions of employers in Europe, Asia-Pacific
and US plan to hire recent business school graduates compared with previous
years.
The report also
concludes that employers expect these job candidates to enter the workforce
fully proficient in a wide range of soft skills, with communication
skills—oral, listening, and written skills—ranking the highest and most
important.
Percentage of
Companies That Hired or Plan to Hire by Candidate Type in Europe, 2013 (Actual)
and 2014 (Projected).
