to showcase how favourable the year has been for B-school students and what the hiring trend will be like in 2015.
The survey gathered employment information to provide a recap of actual 2014 hiring outcomes and an early picture of the 2015 hiring outlook for graduate business students worldwide. The poll of 169 employers in 33 countries, conducted in late 2014, serves as an early view into the 2015 job market for MBA, master of management, accounting, finance, and other specialized business master degree-holders.
The report states that employer hiring plans will remain steady in 2015. Nine of 10 employers who plan to hire business school graduates in 2015 expect to maintain or increase the number of job openings for this talent group compared to 2014. Further, 72% employers expect to hire MBA graduates in 2015, compared to the 69% these companies hired in 2014. An increased share of employers intends to hire graduates across specialised business Master’s programmes in 2015.
“The job prospects for B-school talent seen over the past several years and again reflected in this poll, gives prospective students good reason to consider pursuing these degrees as part of a strategy to drive their career goals,” said Rebecca Estrada Worthington, GMAC’s survey research manager.
The report also finds that the salaries in 2015 are expected to increase for business graduates. More than half of the employers (ranging from 54% to 74%) plan to increase starting annual base salaries in 2015 at or above the rate of inflation for new MBA and business Master’s employees.
What comes as a relief for MBA freshers is the increase in the number of internship opportunities. In 2015, a majority (55%) of employers are set to offer internship opportunities to graduate business students.
The hiring demand for B-school talent remains recent MBA graduates, while the large increase in hiring demand is projected to be for Master in Management talent, as reflected in the 11% point increase in firms who hired this category of graduates in 2014