Job market for MBAs to remain strong and salaries to rise

It is good news on the jobs front for those graduating with an MBA in 2015, according to the latest employer survey from GMAC, which administers the GMAT entry test for business schools.

Nine out of every 10 employers surveyed intend to maintain or increase the number of job openings for business school graduates this year. This comes on top of a strong recruiting year in 2014.

Those completing their Masters in Management degrees, which unlike an MBA targets graduates with little or no work experience, also have room to celebrate in 2015. The largest increase in hiring demand is projected to be for these MiM graduates, following on from 2014, when there was an eleven percentage point increase in companies that hired these young managers. However, in volume terms, MBAs are still the business graduates of choice.

What is more, most employers plan to increase starting salaries in 2015 at or above the rate of inflation for both MBA and MiM recruits.

Employers also reported planned growth in recruitment of Masters in Finance and Masters in Accounting graduates, though there was a small decrease in those considering recruiting those that completed undergraduate business degrees.

The GMAC poll surveyed 169 employers in 33 countries and was conducted in late 2014.

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