What Prospects for Business School Graduates? - GMAC's 2016 Year-End Poll of Employers Report

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GMAC Employers reportThe Graduate Management Admission Council (GMAC)’s 2016 Year-End Poll of Employers Report is a snapshot of the global employment prospects for business school graduates. GMAC fielded a short poll of employers across the globe to collect data on actual hiring outcomes for MBA and master’s-level business school graduates in the past year. These same employers were asked to provide insights into their business strategies for the coming year and projected 2017 hiring demand for graduate business talent.

The report shows that actual 2016 hiring numbers were solid for MBA graduates and on par for graduates of most non-MBA programs, except for Master in Management candidates, who saw lower employer demand than typical. Nevertheless, 2017 hiring projections reflect continued healthy demand for recent graduates of master-level business programs—especially MBAs. Hiring projections are also strong for bachelor’s degree-holders and experienced direct-from-industry hires.

Some additional key findings include:
  • 96% of employers say that hiring recent business school graduates creates value for their companies and 71% consider that recruiting graduates of MBA and non-MBA business master’s programs is a priority in their company’s hiring plans.
  • Salaries in 2017 expected to increase for business graduates. Of the employers with plans to hire recent MBA graduates in 2017, 58% plan to increase their starting annual base salaries either at or above the rate of inflation.
  • 9 in 10 companies surveyed have internship programs and employers will continue to extend internship opportunities to business students. Of the respondents who have internships available, 66% plan to offer internships for MBA candidates in 2017. 82% of those companies will maintain (23%) or increase (59%) the number of internships offered to these candidates.
  • The majority of employers (56%) characterize their company direction as expanding and growing, a quarter (27%) describe their company’s direction as maintaining current position, and 16% say their companies are still overcoming economic challenges.
Featured topics include:
  • Actual employer hiring outcomes for 2016 and hiring projections for 2017, collected for the following candidate types: MBA,1 Master of Accounting, Master in Management, nonbusiness master’s, bachelor’s degree, and experienced direct-from-industry hires;
  • Directional salary projections for the coming year;
  • Availability of internship offerings in 2017; and
  • A discussion of employer organizational goals in relation to hiring projections.
The report provides guidance and information to graduate business school career services offices as they prepare their next class of graduating students for the job market. Where appropriate, commentary includes employment trends that impact bachelor’s-degree candidates and experienced industry hires.

To download the full report, please go here