Ever-increasing business school tuition coupled with the opportunity cost of
leaving one's job for one to two years makes the decision to pursue a graduate
business degree a difficult one for many potential MBA, MAcc, MFin and MiM
applicants. Potential applicants who are sitting on the fence might be
persuaded to apply after learning that the projected 2014 job market is among
the best ever (particularly the MBA job market), as major global corporations
continue to see value in hiring highly-skilled business school graduates.
GMAC's recently released 2014 Corporate Recruiter Survey indicates a very
positive employment landscape for MBA and other master's-level business
students who will graduate in the following twelve months. Some of the
Survey's key findings are as follows:
MBA
* An astounding 80% of all companies surveyed plan to hire MBA graduates,
compared to 73% in 2013.
* 83% of responding companies in Asia Pacific plan to hire MBAs this year,
up from 70% in 2013.
* A whopping 86% of employers in the United States said they plan to hire
MBAs in 2014, up from 81% last year.
* 84% of consulting employers plan to hire MBA grads, up 13 percentage
points from last year.
* Health care and pharmaceutical employers: 90% of the companies expect
to hire MBAs this year, up 19% from 2013.
Master in Management (MiM)
* 50% of all companies surveyed plan to hire Master in Management
graduates, compared to 45% in 2013.
* 68% of Asia Pacific employers expect to hire Masters in Management
graduates, up from 52% in 2013.
Master in Accounting (MAcc)
* Demand is increasing for Master in Accounting graduates (45% in 2014,
up from 36% in 2013).
* 53% of responding companies in Asia Pacific plan to hire MAcc graduates
this year, up from 39% in 2013.
* 64% of finance/accounting employers plan to hire MAcc grads, up 10
percentage points from last year.
Master in Finance (MFin)
* More employers are seeking Master in Finance graduates (44% in 2014,
up from 39% in 2013)
* 57% of Asia Pacific employers expect to hire MFin graduates, up from
40% in 2013
* 62% of finance/accounting industry employers who were surveyed said
that they plan to hire MFin grads, compared to 55% last year.
As one can see, the hiring outlook among responding companies is strong
overall, particularly in the Asia Pacific region, providing assurance for
future job-seekers in this region. We hope this information is helpful for
you as you make your graduate school decision. You can read the full GMAC
2014 Corporate Recruiter Survey by following this link.
(http://www.gmac.com/market-intelligence-and-research/research-library/employment-outlook/2014-corporate-recruiters.aspx)
Warm regards,
David