Globally, 86% of companies plan to hire recent MBA graduates this year, up from 79% that hired them last year, according to a new employer survey report from the Graduate Management Admission Council (GMAC). The survey shows that corporate hiring plans for this year point to robust employment opportunities for graduates of MBA and business master's programs.
Demand for these MBA graduates is strongest in the United States and Asia-Pacific, where 9 in 10 companies plan to hire these candidates, the survey report said.
"Despite the political uncertainty about the status of immigration and work visas in the United States and other parts of the world, companies are keen to hire graduates from this year's MBA and business master's programs, including international candidates," said Sangeet Chowfla, GMAC president, and CEO. "This signifies the value these programs create for students and the vital role their skill sets bring employers."
At the time GMAC conducted the Corporate Recruiters Survey in early 2017, respondents in Asia-Pacific, Europe, Latin America and the United States declared their companies are staying the course with plans to hire international graduate business candidates. Overall, 59% of the survey respondents plan to hire or are willing to hire MBA and business master's graduates requiring legal documentation — a gain of seven percentage points from 2016.
Most US companies (55%) either plan to hire (28%) or are open to hiring (27%) an international candidate in 2017 — up from 49% that had such plans last year. The technology industry in the US is the most likely to hire international business graduates this year. Half of US tech firms (50%) plan to hire such candidates in 2017—up from 27% that planned to hire them last year.
The survey shows that data analytics expertise continues to be in high demand, and 69% of employers plan to place recent graduate business school hires into data analytics roles in 2017, just trailing marketing, business development, and finance roles — each with 71%.
GMAC conducted the 16th annual Corporate Recruiters Survey in February and March 2017 together with survey partners EFMD and MBA Career Services & Employer Alliance (MBA CSEA), in association with 97 participating graduate business schools.
The survey findings are based on responses from 959 employers representing more than 628 companies in 51 countries worldwide. Two additional organizations, CEMS and RelishMBA, assisted with recruitment of survey participants.