Management graduates can this time around be hopeful of a brighter placement season as compared to those who passed last year.
Corporate hiring planning for 2017 points to robust em for 2017 points to robust employment opportunities for graduates of MBA and business master's programmes.Though MBA hiring projections are stable compared with 2016 predictions, nearly 9 in 10 respondents (86%) in the 16th annual Corporate Recruiters Survey conducted by the Graduate Management Admission Council (GMAC) say their company plans to hire new MBA graduates in 2017. Demand for these MBA graduates is strongest in the US and Asia-Pacific.
Signs also point to in Signs also point to in creased hiring demand for graduates of business master's programmes such as Master in Management or Master of Accounting. The top five skills employers are looking for are related to communication and teamwork.
“Despite the political uncertainty about the status of immigration and work visas in the US and other parts of the world, companies are keen to hire graduates from this year's MBA and business master's programmes, including international candidates,“ said Sangeet Chowfla, GMAC president and CEO.“This signifies the value these programmes create for students and the vital role their skillsets bring employers.“
Salary remains a strong indicator of value. The median starting salary projected for a new MBA graduate hired by a US company in 2017 is $1,10,000, an increase of $5,000 from 2016.The research continues to be limited by the number of respondents outside US who do not report salary data. New areas are also opening up for Bschool grads. Nearly 3 in 4 start-up companies plan to hire MBA graduates, a 22% point increase over actual hiring in 2016. Most US companies (55%) either plan to hire (28%) or are open to hiring (27%) an international candidate in 2017 -up from 49% that had such plans last year. The technology industry in the US is the most likely to hire international business graduates this year.Half of US tech firms (50%) plan to hire such candidates in 2017-up from 27%.
The largest increase in hiring demand is seen in the share of companies that plan to hire Master in Management graduates; globally, 59% plan to hire recent Master in Management graduates, up 9% from last year.
Notably, 70% manufacturing companies plan to hire Master in Management graduates, up from 50% that hired them in 2016. Data analytics expertise stays in high demand. 69% of employers plan to place recent graduate Bschool hires into data analytics roles, trailing marketing, business development, and finance roles (71% each).
GMAC conducted the survey with 97 business schools.Survey findings are based on replies from 959 employers from 628 firms in 51countries