The National Association of Colleges and Employers (NACE) recently released their Job Outlook 2007 report, which indicates that employers are planning to hire 22% more MBA graduates from the Class of 2007 than they did from the Class of 2006.
MBA grads interested in manufacturing will enter a particularly strong job market, with employers in that sector planning a 32.4% hiring increase over last year. Employers in the South and Midwest are also planning particularly busy hiring seasons, with expected increases of 59% and 51%, respectively. In contrast, while employers in the Northeast U.S. and Western U.S. are also planning to hire more MBAs, their planned increases are far more modest, at 14.6% and 13.5%, respectively.
The organization says that these trends are in line with hiring patterns across the job market, with overall recruitment of college graduates expected to climb 17% over last year.
The report holds another piece of good news for the MBA Class of 2007 – over 40% of employers responding the NACE’s survey reported that they will offer MBA graduates a base salary of more than $75,000, which should help graduates get started paying back those education loans!
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