StudyAbroad: Nearly 9 in 10 companies plan to hire MBA graduates, says GMAC survey

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. 

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France to Attract 10,000 Indian Students By 2020

French Foreign Minister Jean-Marc Ayrault recently visited Bangalore that time they announced a plan to attract 10,000 Indian students to French institutions by 2020, more than doubling the current population of Indian students. In the press, French Foreign Minister said,“In 2016, 4,000 Indian students went to France.  This is 50 times more than that of 20 years ago.  But it’s still insufficient in terms of the quality of the relationship between the two countries.” 

Why the push?France wants to strengthen the strategic partnership between the two countries.  According to the French president and Indian prime minister, both agree that higher education and student exchange programs would continue to strengthen the partnerships between the two countries.  Annual trade between France and India reaches around $8.6 billion.

On the trip, French Foreign Minister also announced the Bangalore chapter of the France Alumni, an online, multilingual digital network to connect international students who have studied at French institutions.

The hope?  To encourage Indian students who have studied in France to work together. French Foreign Minister acknowledged that international student mobility is at its highest level.  He said, “4 million students studied in foreign countries in 2012.  Around the world, international student mobility has become a major issue.  This mobility is a guarantee of freedom.”  He predicted that international student mobility could reach 8 million by 2020—and he wants France and India to continue to have mutually respectful relationships, especially when it comes to higher education. 

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UK government increasing emphasis on transnational education

In a recent conference, the UK minister reinforced the government’s support for an expansion of British TNE programs.

This aligns with the stated intention of a majority of UK institutions to further expand programming abroad.

At the same time, a recent survey of prospective student finds strong interest in UK branch campuses in Europe among both EU and non-EU students.

In the recent year when a British Council/UK HE International Unit report noted 13% growth in British TNE enrolment between 2013/14 and 2014/15. Moreover, a survey of UK higher education institutions at the time found that 4 in 5  planned to further expand their TNE provision over the next three years.

The latest figures from the Higher Education Statistics Agency (HESA) indicate a further increase in 2015/16 with 673,000 foreign students studying toward British higher education qualifications in TNE programs during the year.

At the recent International Higher Education Forum in London, Under-Secretary of State at the Department of International Trade (DIT), placed a further emphasis on programming abroad.

The government’s stated intention to trigger Article 50 on 29 March, which will mark the beginning of the process of the UK’s departure from the European Union, the Minister said, “Britain may be a small country, but our universities stand tall in the world, Many countries with a large school-leaver population are without sufficient higher education in the country to meet demand. This presents a huge export opportunity for our top-class educational institutions…and we look to fill this demand.”

The Minister noted as well that DIT has recently appointed a new higher education specialist to better support British institutions in expanding their programs abroad.

International Student Survey 2017 point to a strong interest in British branch campuses among prospective students abroad.

Interestingly, the survey focused exclusively on international students who were already considering studying in the UK. It gathered nearly 1,000 responses from prospective students, EU and non-EU alike, over a 24-hour period in March 2017. Among the key findings:

3 in 4 EU students (76%) said that they would be “very likely” or “somewhat likely” to study in a branch campus of a UK university in an EU country other than their own.

58% of EU students said that “very likely” or “somewhat likely” to study in a branch campus of a UK university in their home country;
however, 36% said that they would not be likely to study at a branch campus in their home country, preferring instead to pursue an international experience.

7 in 10 non-EU students (69%) said that they would be “very likely” or “somewhat likely” to study in a branch campus of a UK university in an EU country.

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Just 1L new jobs (0.5%) added in 8 key non-farm sectors.

Just over 1 lakh jobs were added between April 1 and October 1 last year in eight key non-farm sectors of the economy ranging from manufacturing and construction to IT BPO, education and health, according to a recent government report.

Considering that these eight sectors together employ over 2crore workers, the net addition of new jobs amounts to a mere half a per cent of the total. So, it's bad news for the economy and another red flag for the government.

The third quarterly employment report, which was revamped by the government last year with new sectors included and a larger sample size of over 10,000 establishments. The first report, released last year, set the baseline of employment as on April 2016.The report shows that employment is not only inching up at a painfully slow pace but also that aggregate figures hide more severe upheavals. For instance, almost three quarters of 1.09 lakh new jobs added are confined to two sectors -education and health, which added 82,000 new jobs. But the most worrying thing is manufacturing jobs grew by just 12,000 in six months -a rise of 0.1%. This sector, the backbone of the non-farm economy , employs nearly 50% of workers in the selected eight sectors.

It has been the focus of the `Make in India' and `Skill India' programmes, as also of efforts to woo FDI. The Index of Industrial Production (IIP), released monthly by the government, confirms this dire situation with a rise of a only 1% between January 2015 and January 2017.

According to latest data from the RBI, gross bank credit to industries increasing by a mere 0.3%. This includes credit disbursals to micro, small, medium and large industries and together makes up nearly 40% of all non-food credit.

The meagre increase in credit to industry is a symptom of the flagging growth in manufacturing, which is also reflected in lack of job growth.

National income and expenditure released by the government last month.
Growth in investment in fixed capital, known as gross fixed capital formation, dipped by a factor of 10 between 2015-16 and 2016-17, from 6.1% to a shocking 0.6% in 2016-17.

This implies that the corporate sector is not investing in new production arrangements.

In India lack of job growth in recent year. Opportunities are less and employee number are high.

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