MBA Hiring Projections on the Rise, GMAC Survey Finds
"Graduate business school students earning their degrees in 2012 are likely to face an improved employment picture," according to the Graduate Management Admissions Council’s annual report on employer hiring trends.
GMAC’s "2011 year-End Poll of Employers — A Look at Hiring and Salary Projections for the Coming Year" included data from 216 companies worldwide. The study found that more companies plan to hire MBAs in 2012 than they did in 2011. In addition, most companies reported that they plan to increase or maintain base annual salary offers to new hires.
Seventy-four percent of employers said that they plan to hire MBA candidates in 2012, up from 58% in 2011. Employers reported that they also plan to hire for more positions in 2012 than they did in 2011.
Sixty-nine percent of employers said they plan to hire MBA students for paid internships in 2012. This bodes well for students in programs like Rollins Early Advantage MBA, in which all students complete an internship as part of the program.
"Responses suggest that MBA students may have an easier time finding a paid internship since more companies plan to offer internship opportunities," the report said.
"The climate is competitive, and in addition to their educational background, employers want a candidate with experience, either from internships, or pre/post-degree work," GMAC reported.
A copy of the full report can be found on GMAC’s website: http://www.gmac.com/gmac/ResearchandTrends/SurveyReports/CorporateRecruitersSurvey/CorpRecSurveyEmployerPoll.htm