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.
Ø
83% of responding companies in Asia Pacific
plan to hire MBAs this year, up from 70% in 2013.
Ø
A whopping 86% of employers in the United
States said they plan to hire MBAs in 2014, up from 81% last year.
Ø
84% of consulting employers plan to hire
MBA grads, up 13 percentage points from last year.
Ø
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.
Ø
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).
Ø
53% of responding companies in Asia Pacific
plan to hire MAcc graduates this year, up from 39% in 2013.
Ø
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)
Ø
57% of Asia Pacific employers expect to
hire MFin graduates, up from 40% in 2013
Ø
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 click here to access the full
GMAC 2014 Corporate Recruiter Survey.
