Last Updated on June 26, 2018 by MBAUniverse.com News Desk
MBA Placements 2018: Median Salary projected at USD 105000 (Rs. 71.40 Lakhs); GMAC Report 2018
MBA Graduates continue to command a salary premium relative to other degree holders or the direct-from-industry hires. The projected median base starting salary for recent MBA graduates in the United States in 2018 is US$105,000 (Rs.71.40 Lakhs)
MBA Hiring is Strong across the globe with 4 in 5 Companies planning to hire MBA Graduates in 2018. The MBA graduates continue to command a salary premium relative to other degree holders or the direct-from-industry hires. The projected median base starting salary for recent MBA graduates in the United States in 2018 is US$105,000 (Rs.71.40 Lakhs) as compared to US$85,000 for direct-from-industry new hires and US$65,000 for bachelors degree new hires, according to the 17th Annual Survey Report by GMAC.
The Graduate Management Admission Council (GMAC) has released its 17th annual survey report, the GMAC 2018 Corporate Recruiters Survey report, and findings indicate that MBA hiring remains strong. Overall, 81 percent of responding companies plan to hire MBA graduates in 2018.
Which MBA? COMPARE MBA Colleges inDelhi,Bangalore,Mumbai,Pune,Hyderabad on Rank, Fee, Placement, Exams and more
Asia Pacific: 90% Demand for MBA Graduates
Demand for MBA talent is strongest in Asia Pacific, where 90 percent of responding employers plan to make MBA hires in 2018. In the globally conducted survey, 52 percent of responding companies who participated in the survey, plan to increase MBA starting base salaries this year. 85 percent of responding US companies and 64 percent of European companies plan to hire fresh MBA graduates in 2018.
Sangeet Chowfla, GMAC president and CEO said Over the past several years we have tracked positive trends in hiring of MBA and business masters graduates. Graduates are commanding compensation premiums and companies are increasing starting salaries. The softening in the in the intent to hire numbers for the US and Europe reflects the global economic growth numbers we are seeing, and the prevailing political and student mobility issues. In the Asia Pacific region, hiring projections have remained strong. From the overall analysis, we see that MBA hiring overall is strong, but we are seeing the mix shift geographically.
47% Recruiters Plan to hire International Talent
Forty-seven percent of companies plan to or are willing to hire international talent in 2018. 65% European employers plan to or are willing to hire international talent in 2018.
USA Robust MBA Job Market
Sharing about the MBA jobs in USA, Chowfla said Even though H1-B visa rules havent yet changed, there is a perception that they might change in the near future, and some employers may be waiting to see what will happen. The jobs market in the US right now is robust, and companies are constantly having to evaluate their prospects and how best to fill their available roles with strong talent.
Jamie Belinne, Assistant Dean at Bauer College of Business at the University of Houston, and President of the Board of Directors of the MBA Career Services and Employer Alliance (MBA CSEA), which partners with GMAC on the Corporate Recruiters Survey said, The GMAC survey reflects MBA CSEAs recent Recruiting Trends Survey, where 68% of schools indicated a decline in hiring for international full-time MBA students compared to the same time last year. As a result, many schools are more actively promoting a global job search as well as creating connections with employers in students home countries.
MBA Data Analytics in high demand
71 percent of responding employers plan to place recent business school graduates into Data Analytics roles in 2018. This puts data analytics among the top job functions employers will place new business school graduates into in 2018, alongside business development (74 percent), marketing (70 percent), and finance (69 percent).
Overall, about half of responding companies (52%) plan to hire Master of Data Analytics graduates in 2018, compared with 35 percent that hired them in 2017. The survey found that hiring demand for Master of Data Analytics graduates is strongest among Asia Pacific employers, among whom 62 percent plan to hire in 2018. About half of employers in Europe (50 percent) and Latin America (47 percent) plan to make similar hires.
More Employers offering Education Assistance
According to the survey, most US companies (61 percent) offer financial assistance for employee education and talent development. Among those companies, 2 in 3 (66 percent) have increased their budgets for employee education and talent development as compared with five years ago.
A new benefit asked about in this years survey is student loan repayment assistance. Deemed the hottest employee benefit of 2017 by Forbes, it is seen by employers as an effective way to attract and retain top millennial talent. The survey found that nine percent of US companies currently offer it as a part of their overall benefits package.
More Employers offer Internships leading to Job Offers
The survey finds that most employers plan to bring on MBA interns in 2018. MBA internships are most prevalent in Asia Pacific and the United States, where 65 percent and 62 percent of employers plan to offer them, respectively. Internships continue to be an avenue to jobs for many business school graduates. Internships provide a way to understand a company, the culture and expectations and remain a good opportunity to obtain permanent positions.
Since 2001, the GMAC, together with survey partners and MBA Career Services and Employer Alliance (MBA CSEA), has conducted the Corporate Recruiters Survey. The survey provides an overview of current employer hiring demand for MBA and business masters graduates and examines hiring practices and trends by industry and world region. The survey was conducted in February and March 2018, in association with career services offices at 96 participating graduate business schools worldwide. The survey responses were received from 1,066 employers in 42 countries worldwide who work directly with participating business schools.
The Graduate Management Admission Council (GMAC) is a global, non-profit association of leading graduate business schools. GMAC provides research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) is widely used graduate business school assessment, recognized by more than 7,000 programs worldwide.
Other GMAC assessments include the NMAT by GMAC exam, for entrance into graduate management programs in India and South Africa, and the Executive Assessment, specifically designed for Executive programs around the world. GMAC flagship portal for graduate management education resources and information, receives 14 million visits a year and features the School Search matching tool and Graduate Management Admission Search Service (GMASS), matching candidates and business schools. GMAC is based in the United States with offices in the United Kingdom, India, and Hong Kong.
Stay tuned to MBAUniverse.com for more updates on MBA Placements 2018
The Graduate Management Admission Council (GMAC) has released its 17th annual survey report, the GMAC 2018 Corporate Recruiters Survey report, and findings indicate that MBA hiring remains strong. Overall, 81 percent of responding companies plan to hire MBA graduates in 2018.
Which MBA? COMPARE MBA Colleges inDelhi,Bangalore,Mumbai,Pune,Hyderabad on Rank, Fee, Placement, Exams and more
Asia Pacific: 90% Demand for MBA Graduates
Demand for MBA talent is strongest in Asia Pacific, where 90 percent of responding employers plan to make MBA hires in 2018. In the globally conducted survey, 52 percent of responding companies who participated in the survey, plan to increase MBA starting base salaries this year. 85 percent of responding US companies and 64 percent of European companies plan to hire fresh MBA graduates in 2018.
Sangeet Chowfla, GMAC president and CEO said Over the past several years we have tracked positive trends in hiring of MBA and business masters graduates. Graduates are commanding compensation premiums and companies are increasing starting salaries. The softening in the in the intent to hire numbers for the US and Europe reflects the global economic growth numbers we are seeing, and the prevailing political and student mobility issues. In the Asia Pacific region, hiring projections have remained strong. From the overall analysis, we see that MBA hiring overall is strong, but we are seeing the mix shift geographically.
47% Recruiters Plan to hire International Talent
Forty-seven percent of companies plan to or are willing to hire international talent in 2018. 65% European employers plan to or are willing to hire international talent in 2018.
USA Robust MBA Job Market
Sharing about the MBA jobs in USA, Chowfla said Even though H1-B visa rules havent yet changed, there is a perception that they might change in the near future, and some employers may be waiting to see what will happen. The jobs market in the US right now is robust, and companies are constantly having to evaluate their prospects and how best to fill their available roles with strong talent.
Jamie Belinne, Assistant Dean at Bauer College of Business at the University of Houston, and President of the Board of Directors of the MBA Career Services and Employer Alliance (MBA CSEA), which partners with GMAC on the Corporate Recruiters Survey said, The GMAC survey reflects MBA CSEAs recent Recruiting Trends Survey, where 68% of schools indicated a decline in hiring for international full-time MBA students compared to the same time last year. As a result, many schools are more actively promoting a global job search as well as creating connections with employers in students home countries.
MBA Data Analytics in high demand
71 percent of responding employers plan to place recent business school graduates into Data Analytics roles in 2018. This puts data analytics among the top job functions employers will place new business school graduates into in 2018, alongside business development (74 percent), marketing (70 percent), and finance (69 percent).
Overall, about half of responding companies (52%) plan to hire Master of Data Analytics graduates in 2018, compared with 35 percent that hired them in 2017. The survey found that hiring demand for Master of Data Analytics graduates is strongest among Asia Pacific employers, among whom 62 percent plan to hire in 2018. About half of employers in Europe (50 percent) and Latin America (47 percent) plan to make similar hires.
More Employers offering Education Assistance
According to the survey, most US companies (61 percent) offer financial assistance for employee education and talent development. Among those companies, 2 in 3 (66 percent) have increased their budgets for employee education and talent development as compared with five years ago.
A new benefit asked about in this years survey is student loan repayment assistance. Deemed the hottest employee benefit of 2017 by Forbes, it is seen by employers as an effective way to attract and retain top millennial talent. The survey found that nine percent of US companies currently offer it as a part of their overall benefits package.
More Employers offer Internships leading to Job Offers
The survey finds that most employers plan to bring on MBA interns in 2018. MBA internships are most prevalent in Asia Pacific and the United States, where 65 percent and 62 percent of employers plan to offer them, respectively. Internships continue to be an avenue to jobs for many business school graduates. Internships provide a way to understand a company, the culture and expectations and remain a good opportunity to obtain permanent positions.
Since 2001, the GMAC, together with survey partners and MBA Career Services and Employer Alliance (MBA CSEA), has conducted the Corporate Recruiters Survey. The survey provides an overview of current employer hiring demand for MBA and business masters graduates and examines hiring practices and trends by industry and world region. The survey was conducted in February and March 2018, in association with career services offices at 96 participating graduate business schools worldwide. The survey responses were received from 1,066 employers in 42 countries worldwide who work directly with participating business schools.
The Graduate Management Admission Council (GMAC) is a global, non-profit association of leading graduate business schools. GMAC provides research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) is widely used graduate business school assessment, recognized by more than 7,000 programs worldwide.
Other GMAC assessments include the NMAT by GMAC exam, for entrance into graduate management programs in India and South Africa, and the Executive Assessment, specifically designed for Executive programs around the world. GMAC flagship portal for graduate management education resources and information, receives 14 million visits a year and features the School Search matching tool and Graduate Management Admission Search Service (GMASS), matching candidates and business schools. GMAC is based in the United States with offices in the United Kingdom, India, and Hong Kong.
Stay tuned to MBAUniverse.com for more updates on MBA Placements 2018