The strong job market for MBA graduates in 2014 is set to steadily continue into 2015, according to the Graduate Management Admission Council’s (GMAC) Year-End Poll of Employers.
Taken by 169 employers and companies, the poll provides a recap of the 2014 hiring outcomes and salaries to provide a clear projection of the 2015 outlook for business graduate students worldwide.
The findings help both students and business schools by showing an advanced look at the upcoming job market, as well as expected changes in annual salaries and compensation.
GMAC’s global snapshot has revealed a favourable job market for business school students in 2015, with the 9 in 10 employers planning to hire MBA graduates expecting to maintain or increase the number of job openings when compared with 2014.
An increase from 69% to 72% of employers expected to hire MBA graduates in 2015 is more good news for MBA students, with salaries also predicted to jump over the next 12 months.
Results demonstrated that more than half of employers (between 54% to 74%) plan to increase new MBA and business master’s annual base salaries in 2015 at or above the rate of inflation.
Meanwhile, 2015 is also showing itself to be a strong year for company growth, with almost two-thirds (64%) of employers categorising themselves as in a period of expanding and growing, expecting to hire a greater share of recent graduate business students in 2015.
This is further strengthened by a shift in the fewer numbers of employers being in ‘cost-cutting’ mode, with just 44% from 2014’s 50% listing this as a primary company goal.
Employer responses overall show that hiring demand for MBA graduates remains as strong as 2014, however MBAs will ultimately be the most sought after candidates among all business school graduates, with 72% of employers reporting plans to hire MBA holders in 2015.
To download the 2014 GMAC Year-End Poll visit: http://www.gmac.com/market-intelligence-and-research/research-library/employment-outlook/2014-year-end-poll-of-employers-summary-report.aspx
