Mumbai: The market for MBAs seems to be moving towards a positive direction this year. Even though there have been some worries about immigration and availability of work visas in the regime of US President Donald Trump, corporate hiring plans for 2017 indicate robust employment opportunities for graduates of management and business master's programmes.
Nearly 9 in 10 respondents (86%) in the 16th annual Corporate Recruiters Survey conducted by the Graduate Management Admission Council (GMAC) said their company planned to hire new MBA graduates in 2017. Demand for these MBA graduates is strongest in the US and the Asia-Pacific.
The median starting salary projected for a new MBA graduate hired by a US company in 2017 is US $1,10,000, an increase of US$5,000 from 2016.
US, Asia-Pacific keenest on talent: Survey
Management graduates can this time around be hopeful of a brighter placement season as compared to those who passed last year.
Corporate hiring planning for 2017 points to robust employment opportunities for graduates of MBA and business master's programmes.
Though MBA hiring projections are stable compared with 2016 predictions, nearly 9 in 10 respondents (86%) in the 16th annual Corporate Recruiters Survey conducted by the Graduate Management Admission Council (GMAC) say their company plans to hire new MBA graduates in 2017. Demand for these MBA graduates is strongest in the US and Asia-Pacific.
Signs also point to increased hiring demand for graduates of business master's programmes such as Master of Management or Master of Accounting. The top five skills employers are looking for are related to communication and teamwork.
"Despite the political uncertainty about the status of immigration and work visas in the US and other parts of the world, companies are keen to hire graduates from this year's MBA and business master's programmes, including international candidates," said Sangeet Chowfla, GMAC president and CEO. "This signifies the value these programmes create for students and the vital role their skill sets bring employers."
Salary remains a strong indicator of value. The median starting salary projected for a new MBA graduate hired by a US company in 2017 is US$1,10,000, an increase of US$5,000 from 2016.
The research continues to be limited by the number of respondents outside the US who do not report salary data. New areas are also opening up for B-school grads.
Source: Times Now
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