MBA Hiring is Strong, with 4 in 5 Companies Planning to Hire Graduates in 2018
MBA Graduates Commanding Salary Premiums
RESTON, Va., June 21, 2018 (GLOBE NEWSWIRE) -- 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.
Among all respondents globally, 52 percent of companies plan to increase MBA starting base salaries this year. Around the world , MBA graduates continue to command a salary premium relative to direct-from-industry hires and bachelor's degree hires. The projected median base starting salary for recent MBA graduates in the United States in 2018 is US$105,000, compared with US$85,000 for direct-from-industry new hires and US$65,000 for bachelor's degree new hires.
The data reflect a slight decline in projected hiring among US and European employers compared to 2017's hiring plans: 85 percent of responding US companies and 64 percent of European companies plan to hire recent MBA graduates in 2018. Demand for MBA talent is strongest in Asia Pacific, where 90 percent of responding employers plan to make MBA hires in 2018-the same share as last year.
"Over the past several years we have tracked positive trends in hiring of MBA and business master's graduates," said Sangeet Chowfla, GMAC president and CEO. "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."
The survey also found that US employers' intent to hire international business school graduates has softened this year. Forty-seven percent of companies plan to or are willing to hire international talent in 2018, down from 55 percent that had such plans in 2017. In comparison, about the same percentage of European employers plan to or are willing to hire international talent in 2018 (65 percent) as 2017 (64 percent).
"This dip in stated intent by US employers to hire international graduates is potentially a response to the changes - or potential changes - to visa and immigration regulations," said Chowfla. "Even though H1-B visa rules haven't 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 is 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. "The GMAC survey reflects MBA CSEA's 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," said Belinne. "As a result, many schools are more actively promoting a global job search as well as creating connections with employers in students' home countries."
Graduates in data analytics are in high demand
Overall, 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).
For the first time, the survey collected trending data for Master of Data Analytics hiring. 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.
Employer education assistance on the rise
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 compared with five years ago.
A new benefit asked about in this year's survey is student loan repayment assistance. Deemed the "hottest employee benefit of 2017" by Forbes, its 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.
Internships are path to jobs
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.
Other hiring trends outside the United States - MiMs, Maccs & Mfins
- The majority of companies outside the United States plan to hire Master in Management (MiM) talent in 2018. Around 7 in 10 companies in Asia Pacific (73 percent), Europe (72 percent), and Latin America (69 percent) plan to hire MiM graduates in 2018. Among US companies, 39 percent plan to hire MiM graduates.
- While hiring projections for Master of Accounting have held steady among European employers, projections among Asia-Pacific employers are notably down in 2018. Forty-four percent of European companies, 43 percent of US companies, 40 percent of Latin American companies, and 37 percent of Asia-Pacific companies plan to hire recent Master of Accounting graduates in 2018. By world region, Latin American companies have the largest increase between their 2017 actual hiring rate (25 percent) and 2018 projected hiring rate (40 percent).
- The hiring outlook for Master of Finance talent is flat among European employers compared with last year, and down slightly among Asia-Pacific and US employers. Two-thirds of Latin American companies (67 percent) plan to hire Master of Finance talent-the greatest share of any world region. Most European companies also plan to hire Master of Finance graduates this year (57 percent).
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 master's 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.
In July, GMAC will publish a companion report regarding skills sought by employers.
About GMAC: The Graduate Management Admission Council (GMAC) is a global, non-profit association of leading graduate business schools. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.
GMAC provides world-class 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 the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC(TM) exam, for entrance into graduate management programs in India and South Africa, and the Executive Assessment, specifically designed for Executive programs around the world. Our flagship portal for graduate management education resources and information, www.mba.com, 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. To learn more about our work, please visit www.gmac.com.
About MBA CSEA: MBA Career Services & Employer Alliance (MBA CSEA) is an 800+ member global alliance of graduate business career management professionals and employers. The organization is the global leader in delivering the tools, developing the relationships and providing the supportive information and services that produce ongoing success for graduate business career services offices and employers. For more information about MBA CSEA, visit: www.mbacsea.org.
About EFMD: The EFMD management development network includes nearly 900 institutional members from academia, business, public service and consultancy across 88 countries worldwide. EFMD offers a range of services, including conferences and seminars around the world, surveys and the dissemination of knowledge, quality improvement and accreditation via EQUIS, EPAS, EOCCS and CLIP, as well as the EDAF mentoring programme and BSIS impact assessment system. For more information about EFMD, please visit www.efmd.org.
Sr. Director, Corporate Brand Communications
+1 (703) 668-9638 Office
+1 (571) 294-4059 Mobile
Infographics accompanying this announcement are available at:
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Graduate Management Admission Council via Globenewswire
Om Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
+1 212 401 8700http://www.nasdaqomx.com
NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.
Følg saker fra Nasdaq GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Nasdaq GlobeNewswire
Brookfield Completes Acquisition of Forest City Realty Trust7.12.2018 19:24 | Pressemelding
NEW YORK and CLEVELAND, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) and Forest City Realty Trust, Inc. (“Forest City”) (NYSE: FCEA) today announced the completion of the acquisition of Forest City by a Brookfield real estate investment fund. The transaction was approved at a special meeting of Forest City’s stockholders held on November 15, 2018. Forest City’s diversified real estate portfolio is comprised of a number of iconic assets across major gateway U.S. cities. The portfolio, which features many natural synergies with Brookfield’s existing real estate operating business, includes 6.3 million square feet of high-quality office space, 2.3 million square feet of premier life sciences assets, 2.2 million square feet of retail space and 18,500 multifamily units. In addition, the portfolio features five large-scale development projects in the New York Metro area, San Francisco and Washington, DC. In connec
Oxford Immunotec Announces Regulatory Acceptance of T-Cell Select™ in China7.12.2018 15:00 | Pressemelding
OXFORD, United Kingdom and MARLBOROUGH, Mass., Dec. 07, 2018 (GLOBE NEWSWIRE) -- Oxford Immunotec Global PLC (Nasdaq:OXFD), a global, high-growth diagnostics company, today announced regulatory acceptance of the T-Cell Select kit by the China Food and Drug Administration (CFDA). The T-Cell Select kit was designed as an immune cell separation reagent kit to simplify workflow, improve throughput, and reduce hands-on time and labor costs in performing the T-SPOT®.TB test. With the T-Cell Select kit, blood samples collected in a single standard blood tube can be stored for up to 54 hours at room temperature before use, further extending the company’s unrivaled simplicity and logistics advantages for customers. For additional information, please visit: http://www.oxfordimmunotec.com/international/products-services/t-cell-select/. About Oxford Immunotec Oxford Immunotec Global PLC is a global, high-growth diagnostics company focused on developing and commercializing proprietary assays for im
Colliers International Announces Leadership Change6.12.2018 22:05 | Pressemelding
Dylan Taylor tapped to lead Colliers Real Estate Services TORONTO, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI), a global leader in commercial real estate services and investment management, announced today that effective January 1, 2019, Dylan Taylor will become CEO of Colliers Real Estate Services focusing exclusively on the growth, operational effectiveness and client service opportunities in the Company’s rapidly growing real estate services segment. Jay Hennick, Global Chairman and CEO will continue to be responsible for overall strategy and execution across all the Company’s businesses including its recently established platform in investment management. “Dylan Taylor’s appointment to CEO of Colliers Real Estate Services recognizes his success in building our operations over the last nine years. He will continue to be the driving force behind our growth in real estate services globally and perhaps most importantly, delivering exceptio
H&R Block Selects eGain for AI-Powered Customer Engagement6.12.2018 19:30 | Pressemelding
Tax preparation giant will use eGain Virtual Assistant for on-demand help SUNNYVALE, Calif., Dec. 06, 2018 (GLOBE NEWSWIRE) -- eGain (NASDAQ: EGAN), the leading provider of cloud-based customer engagement solutions, today announced that tax preparation giant H&R Block (NYSE: HRB) has selected eGain Solve™ to automate service and sales interactions for taxpayers at scale. The solution will be used to power H&R Block’s new Ask a Tax Pro service, which was announced today. According to a 2018 Accenture global survey, 70 percent of taxpayers said they would use AI to improve the accuracy of tax filings. In the same survey, 40 percent of respondents reported making a filing error in the last 24 months. As the market leader in tax preparation services, H&R Block wanted to provide high-quality DIY and advisor-assisted experiences at scale using AI, Machine Learning and Virtual Assistance. H&R Block selected eGain based on the company’s connected and rich solution capabilities, domain expertis
Constellation Brands to Invest $100 Million in Women-Led Start-Ups by 20286.12.2018 15:00 | Pressemelding
Focus on Female Founders Program Provides Resources to Help Women Entrepreneurs Address Untapped Growth Opportunities in the Beverage Alcohol Space and Adjacent Categories VICTOR, N.Y., Dec. 06, 2018 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Constellation Brands Ventures (CBV), the company’s corporate venture capital group, intends to invest $100 million in female-founded or female-led businesses in the beverage alcohol space and adjacent categories by 2028 through a new program, Focus on Female Founders. The company has completed its first investments in two specialty beverage companies: Austin Cocktails and Vivify Beverages. “Our Focus on Female Founders program reinforces our commitment to supporting the advancement of women within our company, within our industry, and in our local communities,” said Mallika Monteiro, chief growth officer, Constellation Brands. “This program is designed to make mean
Seclore Increases the Security of Emails & Attachments with Advanced Automation Capability6.12.2018 15:00 | Pressemelding
Seclore Email Auto-Protector attaches persistent, encryption and usage controls to sensitive emails without end user involvement MILPITAS, Calif., Dec. 06, 2018 (GLOBE NEWSWIRE) -- Seclore, providers of the first open Data-Centric Security Platform, today announced the expansion of their Seclore Email Protector. The new Email Auto-Protector automatically attaches persistent, granular usage controls to sensitive emails and attachments based on predefined rules. The solution offers two key ways to automate email protection. Rules can be defined in the Seclore Email Auto-Protector to automatically apply usage controls to both outgoing and incoming emails and attachments that are sensitive Seclore Email Auto-Protector automatically applies the appropriate usage controls to emails and attachments by leveraging rules defined in other Enterprise Systems such as DLP, Data Classification and Enterprise Applications. “One of the biggest challenges with Encryption and Rights Management technologi
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom