More jobs and higher salaries for MBA graduates in 2013
The year is ending with good news for today’s MBA students, as the latest data from GMAC (Graduate Management Admissions Council), authors of the GMAT test, show that recruiters are planning to beef up their recruitment of MBA graduates in 2013.
According to the survey of 201 global recruiters, 76 percent of employers expect to hire new MBA graduates in 2013, compared with 69 per cent in 2012.
Salaries, too, are on the way up. Between 55 and 64 per cent of those who responded to the survey said they plan to increase annual base salaries for new recruits to either track inflation or even rise above it. One in eight companies plan to increase salaries above the rate of inflation for graduates from a range of degrees - MBA, Masters in Finance and even bachelor degrees in business.
The outlook for summer internships looks equally strong, according to the report.
“Employers recognise that employees with graduate business degrees are a wise investment when times are uncertain and they need talent that not only bring skills but agility to meet the changing demands of these times,” says Dave Wilson, president of GMAC.