GMAC Surveys Find Improving Job Market for MBA Graduates
MBA graduates this year are leaving school with more job offers than last year and employers expect to hire more MBAs, according to two new recent surveys conducted by the Graduate Management Admissions Council (GMAC), which owns and administers the Graduate Management Admissions Test (GMAT).
The percentage of students who had job offers when they responded in February and March to the Global Management Education Graduate Survey rose by 8 percent this year over last, to 62 percent. In a separate survey, 79 percent of corporate recruiters said they expected to hire new MBAs, up from the 72 percent that hired in 2011. And employers who expect to hire also expect to hire more, 17 this year up from 13 last year.
The Corporate Recruiters Survey also revealed variations in expected hiring from one world region to the next. Asia-Pacific companies are significantly more likely to hire in general than companies in the United States or Europe. Specifically, Asian companies are most likely to hire to meet global expansion plans. Click for more detailed survey results regarding hiring expectations by region.
The Global Management Education Graduate Survey is based on responses of 5,366 recent or soon-to-be graduates of 136 business schools worldwide, and the Corporate Recruiters Survey is based on responses of 1,096 hiring managers at more than 800 companies in 40 countries.
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