Brighter job outlook for 2012 MBA grads
MBA grads in 2012 will likely have an improved job market to look forward to upon graduation, according to a Dec. 14 article in The Globe and Mail. The article cites a year-end survey of global employers conducted by the Graduate Management Admissions Council, or GMAC, and reports more optimistic projections for business school grads in 2012 than seen since the economic recession beginning in 2009.
Among the good news for b-school students, 74 percent of the 216 companies interviewed said they plan to hire MBA grads in the next year. This marks a significant increase from 58 percent the year before. Businesses plan to hire more across a diverse range of candidate types, as well.
"That's a great sign for hiring picking up," Michelle Sparkman-Renz, director of research communications for GMAC, said in the article.
Companies also reported a rise in intent to hire candidates with specialized master's degrees in areas like finance or accounting, with a a jump from 38 to 59 percent in the past year, and a similar rise in hiring those with a master's in management. Twenty-two percent reported plans to hire MBA grads for new job positions.
Though the survey represents global companies, an overwhelming 74 percent of the companies are U.S. based. Many are multinational, as well. In response to open-ended questions, the article reported that firms showed a desire for candidates with internship experience or pre- or post-degree work in addition to their education.