2015 is likely to be full of good news for Management Graduates across the country – at least that’s what it seems like if we are to take into account the findings of an employers’ poll.
The poll was conducted by the Graduate Management Admission Council (GMAC) – the body responsible for conducting the Graduate Management Aptitude Test (GMAT) for admission to over six thousand graduate management programs across the world. GMAT involves participation of 169 employers from across 34 countries.
According to the poll, a whopping 88 per cent of the employers that are currently planning to recruit MBAs will hire as much or more as they did in the previous year. Apart from that, over 50 per cent of the employers also plan to raise the starting annual base salaries for all new Business Master or MBA hires. The rate of this raise will be at par with or more than the inflation rate.
“Unlike recent post-recessionary years when many countries were pre-occupied with efforts to overcome financial challenges, the majority of companies represented in the 2014 poll are focused on expansion plans and growth, enabling more companies to hire – and even increase their hiring goals,” reads the GMAC report corresponding to the survey.
The bottom line of the poll is that while hiring plans are more or less to remain steady, 90 per cent of the employers are expected to at increase, or at least maintain the number of job openings in 2015 as compared to under 70 per cent last year.
As for those still pursuing their MBA, it is estimated that approximately 55 per cent of the employers plans to offer internship opportunities. In fact, 16 per cent of the employers surveyed intend to expand their internship programs for MBA candidates in 2015 whereas 33 per cent plan to maintain the number at par with that in 2014.