{"id":7843,"date":"2014-09-04T14:30:04","date_gmt":"2014-09-04T09:00:04","guid":{"rendered":"https:\/\/internshala.com\/blog\/?p=7843"},"modified":"2016-02-09T18:34:12","modified_gmt":"2016-02-09T13:04:12","slug":"employers-plan-hire-mbas-business-school-graduates","status":"publish","type":"post","link":"https:\/\/internshala.com\/blog\/employers-plan-hire-mbas-business-school-graduates\/","title":{"rendered":"More Employers Plan to Hire MBAs and Other Business School Graduates"},"content":{"rendered":"

GMAC Survey Finds Companies Investing in Talent as Goals Shift Away From Overcoming Economic Challenges<\/strong><\/p>\n

New Delhi,<\/strong>\u00a0May 19, 2014<\/strong>:<\/strong>\u00a0More companies plan to hire MBAs and other business school graduates in 2014, according to a global survey of employers out today. Some 80 percent of business school recruiters plan to hire MBAs in 2014, up seven percentage points from last year and 30 percentage points higher than 2009, in the heart of the economic crisis, when just half of employers hired MBAs.<\/p>\n

The 13th<\/sup>\u00a0annual Corporate Recruiters Survey of 565 employers from 44 countries was conducted in February and March by the Graduate Management Admission Council, which administers the GMAT exam on behalf of business and management programs worldwide. The survey, including 32 of the top 100 companies in the FT 500 and 36 of the Fortune 100, was conducted in partnership with EFMD and the MBA Career Services and Employer Association.<\/p>\n

\u201cMore companies in all sectors and across the world plan to hire business school graduates, with projected hiring rates the highest for all degree types since the Great Recession started in 2009,\u201d said Sangeet Chowfla, GMAC CEO and president. \u201cMBAs have always been valued by employers, but this survey shows that as the economy improves, employers see MBAs as a good investment into their future.\u201d<\/p>\n

The optimistic hiring outlook for MBAs and other master\u2019s-level business graduates comes as fewer companies are focused on overcoming economic challenges.\u00a0 Companies focused on growth and expansion are more likely to have improved hiring plans.<\/p>\n

The upbeat forecast echoes the general decline in the percentage of companies reporting a focus on overcoming economic challenges, from 58 percent in 2009 to 25 percent this year, as well as reducing costs, from 66 percent in 2009 to 45 percent this year. At the same time, the percentage of employers planning to hire new bachelor\u2019s degree graduates is holding steady, down one percentage point from the 75 percent that hired bachelor\u2019s graduates in 2012 and 2013.<\/p>\n

\u201cThis year’s survey paints a very positive picture for the business education sector and clearly shows how companies and recruiters value the whole portfolio of business degrees. Despite all of the doom and gloom, the clear message from the market is that business schools are providing the talented, bright individuals that companies need,\u201d said Prof. Eric Cornuel, CEO & director general of EFMD.<\/p>\n

Key findings, comparing projected hiring for 2014 with actual hiring from previous years:<\/p>\n