GMAC has published the 2013 Corporate Recruiters Survey, which collected feedbacks from 900 employers spread across 50 countries and 158 Business Schools around the world. The general outlook in the job market for MBAs is positive, and the openings are slowly matching the pre-2008 economic crisis.
Europe vs. US vs. Asia
US companies have shown remarkable resilience over the past 5 years, and it is visible in the projected recruitment trends for 2013. According to the report, the average new MBA hires per company is projected to increase from 11.4 in 2012 to 14.6 in 2013. Asia also has shown robust demand with 61% of the companies planning to recruit against 54% in 2012. United States reflects this growth in demand with 85% of companies planning to recruit compared to 82% in 2012. The only region that didn’t show growth in hiring is Europe. However, the demand remains stable with 54% of companies planning to hire MBAs in 2013 – a number similar to the one seen in 2012.
Masters in Accounting & Finance vs. MBA
The demand for Masters in Accounting and Finance has increased in 2013 across all job functions and industries. It was especially visible in Finance sector with 54% of companies planning to hire candidates with Masters in Accounting against 45% in 2012, a jump of 9%. MBAs were also in high demand across industries. If you compare 2013 data vs. 2012 in Consulting (79% vs. 69%), Energy/Utilities (86% vs. 69%), Finance/Accounting (75% vs 70%), and Healthcare/Pharmaceuticals (89% vs. 77%) – the demand for MBAs have increased across industries. Government and Non-Profit showed a stable growth (43% vs. 43%) while Manufacturing (63% vs. 70%) and Products/Service (70% vs. 71%) showed a decline in growth.
With the majority of manufacturers (66%) intending to reduce the costs, the hiring of new MBAs is set to decline in 2013. The demand slightly declined for products/services industry due to increase in demand for Masters in Finance and Accounting professionals.
Finance/Accounting has overtaken Technology to take the 2nd place in the top post MBA Industries. MBAs entering Finance/accounting earned an average US$100,000 against the 2012 2nd place industry – Technology (US$95,000). Technology has taken 3rd place in 2013 with a mean salary of US$95,000. Products/Services industry dropped one place to take the fourth place with a mean salary of US$90,000 against 2012 Salary of US$92,000.
International Job Placement
In 2013, 33% of Employers plan to place Business graduate in regions other than their home country. The good news is that companies placing students in International locations are offering a much higher compensation for MBAs and Masters in Management/Accounting candidates than domestic placements.
When you consider the top International destinations post-MBA, recruiters across US, Europe, Latin America, Middle-East/Africa and Asia-Pacific prefers Asia-Pacific first, followed by United States and finally Europe. Asia-Pacific region is a preferred destination by 25% European Recruiters, 24% US Recruiters, 14% Middle-East/Africa and 97% Asian recruiters.
Subscribe to F1GMAT for more updates, tips, and Information for your MBA Admissions (GMAT Preparation, Essay Tips, Interview, and Business School Research).
2013 GMAC MBA Recruiters Survey
2020 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee
Top 31 MBA Programs in United States – Total Cost & Salary
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA
MIT vs. Stanford MBA
Haas vs. Ross MBA
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA
IIMA vs. ISB
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK
- IoT and IIOT
- Management Consulting
- Post-MBA industries (German Top Schools)