Business School Graduates Enter White-hot Job Market: Report
MBA and business master’s degrees remain hot commodity despite recession fears and Covid challenges
The Graduate Management Admission Council (GMAC), a global association of graduate business schools, today released its annual hiring report, the GMAC Corporate Recruiters Survey – 2022 Summary Report. The report explores the state of employer demand for graduate business school talent (MBA and Business Master’s degree recipients) in the context of the Covid-19 pandemic and includes responses from nearly 1,000 corporate recruiters and staffing firms around the world.
While rising inflation and the war in Ukraine were just at the onset during the time when the survey was conducted in February and March 2022, hiring projections of graduate management education (GME) graduates remain bullish this year, with 92 percent of corporate recruiters expecting to hire newly minted MBAs. Promisingly, 2 in 3 responding corporate recruiters describe the current direction of their organisation as expanding or growing (67%) and a similar proportion plan to increase their overall headcount (65%). Also, most recruiters (63%) project that demand for new business school talent will increase in the next five years, with business master’s hiring intention the highest among recruiters for East and Southeast Asia and Middle East companies.
“The latest GMAC findings of the Corporate Recruiters Survey show that nearly 9 out of 10 corporate recruiters feel confident or highly confident in the ability of business schools to prepare students to be successful in their organizations,” said Sangeet Chowfla, President and CEO, GMAC.
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