The employment scenario for Indian management graduates of 2013 rings in optimism amid the grim economic scenario. According to a recent survey conducted by the Graduate Management Admission Council (GMAC), nine out of 10 Class of 2013 business school alumni have been employed.
About 84% also report their graduate management education to be professionally rewarding. The B-school Class of 2013 also fared well overall on the job market.
“As many as 87% of Indian citizens are employed this year with 83% working for an employer and 4% being self-employed. The global figure is down slightly to 90% from the 92% of last year’s graduates employed by September 2012. Despite the continued economic uncertainty, 72% of the Class of 2013 alumni who landed jobs said they could not have got it without their graduate management education. This shows that despite the slow, uneven economic recovery around the world, the job outlook for business degree-holders is holding fairly steady,” says Gregg Schoenfeld, director of management education research for GMAC.
Regardless of their employment status, a majority of alumni from the Class of 2013 believe their education developed their skills, expanded their network, and prepared them for the job market.
The poll is a follow-up to the GMAC Global Management Education Graduate Survey, an exit survey of graduate business students conducted around March. Some 915 alumni from 129 B-schools worldwide responded to the poll.
The survey also suggests that the technology sector is drawing 15% of the Class of 2013 graduates worldwide. MBAs and other business master’s degree-holders from India continue to find jobs in a variety of industries, with a total of 57% employed in the products and services, finance and accounting, and consulting sectors.