MBA Shining: Job Market Remains Favorable for B School Graduates in 2015; reveals GMAC survey

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MBAUniverse.com News Desk |
January 8, 2015
The greatest hiring demand for B-school talent remains recent MBA graduates, while the largest increase in hiring demand is projected to be for Master in Management talent
"Our data show that even in the depths of the recession, business and management degrees can provide a measure of job protection and opportunity" Rebecca Estrada Worthington, Survey Research Manager, GMAC

Hold the breath! management graduates, your ‘Acchedin’ have arrived. Vision of ‘Acche Din’ at least for MBA graduates appear to be turning into a reality as shown in  the outcome of the Poll of employers conducted by GMAC showing Solid Hiring Intentions for B-School Talent.

What turned out to be a strong job market for business school and management degree graduates in 2014, is projected to continue into 2015, according to the Graduate Management Admission Council‘s (GMAC) Year End Poll of Employers released on January 6, 2015.

This year’s hiring outlook holds steady for 2015 graduates as nine out of ten employers planning to hire business school graduates expect to maintain or increase the number of job openings for these hires compared with 2014. A forecast strengthened by findings from the poll such as, 96 percent of employers worldwide concurring that graduate business school hires create value for their companies.

“The solid job prospects for B-school talent seen over the past several years and again reflected in this poll, gives prospective students good reason to consider pursuing these degrees as part of a strategy to drive their career goals,” said Rebecca Estrada Worthington, GMAC’s Survey Research Manager.

“Our data show that even in the depths of the recession, business and management degrees can provide a measure of job protection and opportunity. Today, in a recovering global economy, management degrees can be a powerful driver of confidence and provide fuel for an individual’s career growth,” Estrada Worthington added.

The poll of 169 employers in 33 countries, conducted in late 2014, serves as an early view into the 2015 job market for MBA, master of management, accounting, finance, and other specialized business master degree-holders.

The greatest hiring demand for B-school talent remains recent MBA graduates, while the largest increase in hiring demand is projected to be for Master in Management talent, as reflected in the eleven percentage point increase in firms who hired this category of graduates in 2014.

The poll Outcome

In nutshell the poll outcome reflects that-

- 72 percent of employers expect to hire MBAs in 2015, compared with 69 percent that hired them in 2014.

- 41 percent expect to hire masters in management graduates compared with 30 percent that hired them in 2014.

- 34 percent expect to hire master of accounting graduates, compared with 31 percent that hired them in 2014.

- 35 percent expect to hire master of finance graduates, compared with 31 percent that hired them in 2014.

- Employers’ plans to hire newly-minted bachelors graduates is projected to be slightly lower in 2015 (78 percent expect to hire bachelor’s degree holders, compared with 82 percent that hired them in 2014); and hiring plans for experienced direct from industry hires will hold steady. 

Additional insights into the employment landscape for business school and management graduates can be found in GMAC’s Corporate Recruiters Survey, released in May 2014 in partnership with EFMD and the MBA Career Services and Employer Alliance.

About GMAC: The Graduate Management Admission Council (GMAC) is a nonprofit education organization of leading graduate business schools and owner of the Graduate Management Admission Test (GMAT exam), used by more than 6,100 graduate business and management programs worldwide. GMAC is based in Reston, Virginia, and has regional offices in London, New Delhi and Hong Kong.

GMAT exam is the only standardized test designed expressly for graduate business and management programs worldwide. The exam is continuously available at 600 test centers in 113 countries. Queries related to GMAT can be raised on GMAT official forum available at MBAUniverse.com site under the head MBA Forum.

GMAT has added a new feature of previewing the scores the Graduate Management Admission Council (GMAT) exam. Prospective business students taking the Graduate Management Admission Test (GMAT) exam will now be able to preview their unofficial scores before deciding whether to report or cancel them. The score reporting feature is available to all test takers.