NASDAQ OMX

MBA Hiring is Strong, with 4 in 5 Companies Planning to Hire Graduates in 2018

Dela

MBA Graduates Commanding Salary Premiums

RESTON, Va., June 21, 2018 (GLOBE NEWSWIRE) -- The Graduate Management Admission Council (GMAC) has released its 17th annual survey report, the GMAC 2018 Corporate Recruiters Survey report, and findings indicate that MBA hiring remains strong. Overall, 81 percent of responding companies plan to hire MBA graduates in 2018.

Among all respondents globally, 52 percent of companies plan to increase MBA starting base salaries this year. Around the world MBA graduates continue to command a salary premium relative to direct-from-industry hires and bachelor's degree hires. The projected median base starting salary for recent MBA graduates in the United States in 2018 is US$105,000, compared with US$85,000 for direct-from-industry new hires and US$65,000 for bachelor's degree new hires.

The data reflect a slight decline in projected hiring among US and European employers compared to 2017's hiring plans: 85 percent of responding US companies and 64 percent of European companies plan to hire recent MBA graduates in 2018. Demand for MBA talent is strongest in Asia Pacific, where 90 percent of responding employers plan to make MBA hires in 2018-the same share as last year.

"Over the past several years we have tracked positive trends in hiring of MBA and business master's graduates," said Sangeet Chowfla, GMAC president and CEO. "Graduates are commanding compensation premiums and companies are increasing starting salaries. The softening in the in the intent to hire numbers for the US and Europe reflects the global economic growth numbers we are seeing, and the prevailing political and student mobility issues. In the Asia Pacific region, hiring projections have remained strong. From the overall analysis, we see that MBA hiring overall is strong, but we are seeing the mix shift geographically."

The survey also found that US employers' intent to hire international business school graduates has softened this year. Forty-seven percent of companies plan to or are willing to hire international talent in 2018, down from 55 percent that had such plans in 2017. In comparison, about the same percentage of European employers plan to or are willing to hire international talent in 2018 (65 percent) as 2017 (64 percent).

"This dip in stated intent by US employers to hire international graduates is potentially a response to the changes - or potential changes - to visa and immigration regulations," said Chowfla. "Even though H1-B visa rules haven't yet changed, there is a perception that they might change in the near future, and some employers may be waiting to see what will happen. The jobs market in the US right now is robust, and companies are constantly having to evaluate their prospects and how best to fill their available roles with strong talent." 

Jamie Belinne is Assistant Dean at Bauer College of Business at the University of Houston, and President of the Board of Directors of the MBA Career Services and Employer Alliance (MBA CSEA), which partners with GMAC on the Corporate Recruiters Survey. "The GMAC survey reflects MBA CSEA's recent Recruiting Trends Survey, where 68% of schools indicated a decline in hiring for international full-time MBA students compared to the same time last year," said Belinne. "As a result, many schools are more actively promoting a global job search as well as creating connections with employers in students' home countries."

Additional Findings

Graduates in data analytics are in high demand
Overall, 71 percent of responding employers plan to place recent business school graduates into data analytics roles in 2018. This puts data analytics among the top job functions employers will place new business school graduates into in 2018, alongside business development (74 percent), marketing (70 percent), and finance (69 percent).

For the first time, the survey collected trending data for Master of Data Analytics hiring. Overall, about half of responding companies (52%) plan to hire Master of Data Analytics graduates in 2018, compared with 35 percent that hired them in 2017. The survey found that hiring demand for Master of Data Analytics graduates is strongest among Asia Pacific employers, among whom 62 percent plan to hire in 2018. About half of employers in Europe (50 percent) and Latin America (47 percent) plan to make similar hires.

Employer education assistance on the rise
According to the survey, most US companies (61 percent) offer financial assistance for employee education and talent development. Among those companies, 2 in 3 (66 percent) have increased their budgets for employee education and talent development compared with five years ago.

A new benefit asked about in this year's survey is student loan repayment assistance. Deemed the "hottest employee benefit of 2017" by Forbes, its seen by employers as an effective way to attract and retain top millennial talent. The survey found that nine percent of US companies currently offer it as a part of their overall benefits package.

Internships are path to jobs
The survey finds that most employers plan to bring on MBA interns in 2018. MBA internships are most prevalent in Asia Pacific and the United States, where 65 percent and 62 percent of employers plan to offer them, respectively. Internships continue to be an avenue to jobs for many business school graduates. Internships provide a way to understand a company, the culture and expectations and remain a good opportunity to obtain permanent positions.

Other hiring trends outside the United States - MiMs, Maccs & Mfins

  • The majority of companies outside the United States plan to hire Master in Management (MiM) talent in 2018. Around 7 in 10 companies in Asia Pacific (73 percent), Europe (72 percent), and Latin America (69 percent) plan to hire MiM graduates in 2018. Among US companies, 39 percent plan to hire MiM graduates.
     
  • While hiring projections for Master of Accounting have held steady among European employers, projections among Asia-Pacific employers are notably down in 2018. Forty-four percent of European companies, 43 percent of US companies, 40 percent of Latin American companies, and 37 percent of Asia-Pacific companies plan to hire recent Master of Accounting graduates in 2018. By world region, Latin American companies have the largest increase between their 2017 actual hiring rate (25 percent) and 2018 projected hiring rate (40 percent).
     
  • The hiring outlook for Master of Finance talent is flat among European employers compared with last year, and down slightly among Asia-Pacific and US employers. Two-thirds of Latin American companies (67 percent) plan to hire Master of Finance talent-the greatest share of any world region. Most European companies also plan to hire Master of Finance graduates this year (57 percent).

Since 2001, the GMAC, together with survey partners and MBA Career Services and Employer Alliance (MBA CSEA), has conducted the Corporate Recruiters Survey. The survey provides an overview of current employer hiring demand for MBA and business master's graduates and examines hiring practices and trends by industry and world region. The survey was conducted in February and March 2018, in association with career services offices at 96 participating graduate business schools worldwide. The survey responses were received from 1,066 employers in 42 countries worldwide who work directly with participating business schools.

In July, GMAC will publish a companion report regarding skills sought by employers.

To download the full report, visit gmac.com/corporaterecruiters. For supporting graphics, visit the GMAC News Center.

About GMAC: The Graduate Management Admission Council (GMAC) is a global, non-profit association of leading graduate business schools. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test® (GMAT®) is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC(TM) exam, for entrance into graduate management programs in India and South Africa, and the Executive Assessment, specifically designed for Executive programs around the world. Our flagship portal for graduate management education resources and information, www.mba.com, receives 14 million visits a year and features the School Search matching tool and Graduate Management Admission Search Service (GMASS), matching candidates and business schools.

GMAC is based in the United States with offices in the United Kingdom, India, and Hong Kong. To learn more about our work, please visit www.gmac.com.

About MBA CSEA: MBA Career Services & Employer Alliance (MBA CSEA) is an 800+ member global alliance of graduate business career management professionals and employers. The organization is the global leader in delivering the tools, developing the relationships and providing the supportive information and services that produce ongoing success for graduate business career services offices and employers. For more information about MBA CSEA, visit: www.mbacsea.org.

About EFMD: The EFMD management development network includes nearly 900 institutional members from academia, business, public service and consultancy across 88 countries worldwide. EFMD offers a range of services, including conferences and seminars around the world, surveys and the dissemination of knowledge, quality improvement and accreditation via EQUIS, EPAS, EOCCS and CLIP, as well as the EDAF mentoring programme and BSIS impact assessment system. For more information about EFMD, please visit www.efmd.org.

MEDIA CONTACT:
Tania Hernandez-Andersen
Sr. Director, Corporate Brand Communications
+1 (703) 668-9638 Office
+1 (571) 294-4059 Mobile
thernandez-andersen@gmac.com

Infographics accompanying this announcement are available at: 

http://resource.globenewswire.com/Resource/Download/d2be6c96-2fe0-477e-b63f-3255ee8017fe

http://www.globenewswire.com/NewsRoom/AttachmentNg/31430a6f-c620-4d45-950b-40cc0e6e3e87

http://www.globenewswire.com/NewsRoom/AttachmentNg/ee3f5eb0-449d-4176-af1f-18d0f1aec5a3

http://www.globenewswire.com/NewsRoom/AttachmentNg/b8a71216-a29c-4539-936c-e5797c94cd1d




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Graduate Management Admission Council via Globenewswire

Om

NASDAQ OMX
NASDAQ OMX



Följ NASDAQ OMX

Abonnera på våra pressmeddelanden.

Senaste pressmeddelandena från NASDAQ OMX

Taconic Biosciences and Cyagen Biosciences Announce Strategic Partnership18.7.2018 14:00Pressmeddelande

RENSSELAER, N.Y., July 18, 2018 (GLOBE NEWSWIRE) -- Taconic Biosciences and Cyagen Biosciences, global leaders in the generation of custom genetically engineered rodent models and associated services, announced a strategic partnership. Under the agreement terms, the two companies will combine resources to provide the global scientific community with access to premium custom model design and generation services backed by comprehensive capabilities and cutting-edge, fully-licensed technologies. Custom animal models play a critical role in new drug discovery as biological systems that provide critical insight into the dynamic between a potential therapeutic and a living organism. Combining over twenty years of experience, the industry's most extensive model generation technology portfolio, and seamless integration to downstream premium custom breeding solutions, Taconic is recognized for creating complex genetically engineered mice and rats for biomedical research. Cyagen entered the indu

Data to be Presented From Biogen's Alzheimer's Disease Clinical Development Portfolio at the 2018 Alzheimer's Association International Conference (AAIC)18.7.2018 13:30Pressmeddelande

Ongoing Alzheimer's disease research programs target possible causes of the disease through multiple modalities Data to be presented from Alzheimer's disease clinical development portfolio including aducanumab, elenbecestat, and BAN2401 Data underscore Biogen's long-term commitment to furthering Alzheimer's disease research and treatment, with a focus on patients with early stage disease CAMBRIDGE, Mass., July 18, 2018 (GLOBE NEWSWIRE) -- Biogen (Nasdaq:BIIB) announced it will present data from its Alzheimer's disease clinical development portfolio at the upcoming Alzheimer's Association International Conference (AAIC) in Chicago (July 22-26). Data being presented are part of Biogen's research programs targeting several of the identified causes of Alzheimer's disease, focusing on early-stage disease. "The data to be presented at AAIC exemplify our belief that treatments are needed at the earliest stages of Alzheimer's disease to impact the underlying pathophysiology and delay disease p

SEMAFO Provides Notice of Second Quarter 2018 Results Release and Conference Call18.7.2018 13:00Pressmeddelande

MONTREAL, July 18, 2018 (GLOBE NEWSWIRE) -- SEMAFO (TSX:SMF)(OMX:SMF) invites you to participate in a conference call on August 8, 2018 at 08:00 AM EST with senior management during which they will review the Corporation's second quarter 2018 financial and operational results. SEMAFO's financial statements and management's discussion and analysis for the second quarter 2018 will be released on August 7 following TSX close and will be available in the "Investor Relations" section of the Corporation's website at www.semafo.com , and on the Canadian Securities Administrators' website at www.sedar.com . A live audio webcast of the conference call will be accessible for a period of 30 days through SEMAFO's website at www.semafo.com . Tel. local & overseas: +1 (647) 788 4922 Tel. North America: 1 (877) 223 4471 Webcast: www.semafo.com Replay overseas: +1 (416) 621 4642 Replay N. America: 1 (800) 585 8367 Replay pass code: 7370499 Expiration: September 08, 2018 About SEMAFO SEMAFO is a Canadi

Compuware Acquires XaTester and Partners with Parasoft to Deliver Essential Automated Unit Testing to Mainframe DevOps Teams18.7.2018 12:00Pressmeddelande

Topaz Further Established as the Leading Solution for Continuously Improving Velocity, Quality and Efficiency of Enterprise Systems Large enterprises must rigorously safeguard the quality of their mission-critical mainframe systems as digital demands drive them to develop and deploy mainframe code more quickly and frequently. With the acquisition of XaTester, new enhancements, and partnership with Parasoft, Compuware Topaz for Total Test is the clear leader in the automated unit testing essential for Agile and DevOps on the mainframe. With Topaz, developers at all skill levels can quickly and efficiently produce the highest-quality code for the mainframe-enabling enterprises to achieve the digital agility essential for success in fast-moving markets. DETROIT, July 18, 2018 (GLOBE NEWSWIRE) -- Compuware today announced a product acquisition, enhancements to Topaz for Total Test, and a partnership that together dramatically improve the ability of large enterprises to embrace Agile and De

Cryptomining Replaces Ransomware as Most Popular Cybercrime Malware18.7.2018 09:00Pressmeddelande

Analysis of vulnerability and threat trends shows cryptomining malware dominates threat landscape in the first half of 2018 SAN JOSE, Calif., July 18, 2018 (GLOBE NEWSWIRE) -- Skybox® Security, a global leader in cybersecurity management, announced today the release of its mid-year update to the Vulnerability and Threat Trends Report which analyzes vulnerabilities, exploits and threats in play. The report, compiled by the team of security analysts at the Skybox® Research Lab, aims to help organizations align their security strategy with the reality of the current threat landscape. The mid-year update explores trends observed from January to June of 2018. One of the most significant findings is the replacement of ransomware as the cybercriminal tool of choice with cryptomining malware. In the last six months of 2017, ransomware accounted for 32 percent of attacks, while malicious cryptominers accounted for seven percent. By the first half of 2018, the figures had switched almost exactly

GridGain® Continues In-Memory Computing Industry Leadership in 201818.7.2018 09:00Pressmeddelande

GridGain Continues Rapid Growth, Delivers Product Innovations, Hosts Vital Industry Conferences and Earns Top Industry Accolades FOSTER CITY, Calif., July 18, 2018 (GLOBE NEWSWIRE) -- GridGain® Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite(TM), today announced continuing strong momentum for the first half of 2018. Key achievements during the first half of the year included more new customer wins in the first half of 2018 than in all of 2017, launching major new products including GridGain Professional Edition 2.4 and GridGain Cloud, winning several top industry accolades, and driving continued growth of the popular In-Memory Computing Summit® in Europe. Growth New customer acquisition surged during the first half of 2018 with the company acquiring 40 percent more new customers than were signed in all of 2017. New customers acquired in 2018 include leading companies in financial services, transportation, telecommunications, retail, healthcar

I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.

Besök vårt pressrum