More demand for MBA students this year than in 2015: Study
More corporate recruiters are showing interest in hiring MBAs directly from business schools in 2016, according to the annual survey conducted by Graduate Management Admission Council (GMAC).Updated: Jun 23, 2016 00:31 IST
More corporate recruiters are showing interest in hiring MBA students in 2016, according to a survey.
The study, conducted by Graduate Management Admission Council (GMAC), has surveyed 842 corporate recruiters, of whom 88% plan to hire management graduates in 2016 compared to 80% last year.
The demand for MBA graduates is more in the Asia-Pacific region, including India with 84% employers planning to hire freshers against 73% last year. The survey has projected an increase in salary packages in this year. Globally, 54% of employers are likely to increase the salary package for MBAs at the rate of inflation.
B-schools have highlighted that campus placements have seen changes not just in the number of companies showing up to hire students, but also in the variety of companies that are ready to take freshers on board.
“B-schools conduct their own selection process which already filters candidates for recruiters. This makes the hiring process more refined and easier for companies,” said Prof Abbasali Gabula, deputy director (external relations and administration), SP Jain Institute of Management and Research.
He added that companies would rather choose candidates from a batch of 250-300 students than go through thousands of resumes.
“The teaching standards at management schools are always in sync with industry demands and this acts as a catalyst for an increase in placement offers,” he added.
GMAC conducted the 15th annual Corporate Recruiters Survey in February and March 2016 together with survey partners EFMD and MBA Career Services & Employer Alliance (MBA CSEA), in association with 109 participating graduate business schools.
The survey findings are based on responses from 842 employers representing more than 530 companies in 40 countries, who recruit directly from business schools.
“This survey brings to light the enhanced opportunities our career offices bring to graduate business students,” said Damian Zikakis, MBA CSEA president.
“Nearly 9 in 10 employers who work with career services plan to conduct on-campus recruitment this year, giving students a tremendous advantage in finding job opportunities that are a great match for their talent and aspirations.”
Apart from MBA graduates, the survey also shows a demand for candidates with master’s programmes in management, accounting and finance.