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MBA Recruiters Still Bullish on Hiring Plans: GMAC Survey

Key findings from GMAC’s annual survey of employer recruiters include:

Being an MBA is (still) a good thing. No Finding a job is one of the most often involved. But that doesn’t mean all is well across the job landscape.

That’s the point of the annual Corporate Recruiter Questionnaire This indicates that business school graduate hiring forecasts remain bullish in 2022, but with some important caveats.

92% of employer recruiters say they plan to hire new MBA graduates this year and will pay them well. But median MBA salaries have plateaued, according to GMAC’s research.

“Extraordinary person”

GMAC CEO and President Sangeet Chowfla

Sangeet Chowfla, President and CEO of GMAC, said the latest GMAC survey results Corporate Recruiter Questionnaire Nearly 9 in 10 corporate recruiters indicate they are confident or very confident in their business school’s ability to prepare students to succeed within their organizations . This is what Chowfla said in his release of the news accompanying the report. “Despite the pandemic and the restrictions it has placed on student mobility, public and mental health, and distance learning, business schools are relying on corporate recruiters and staffing agencies around the world as their primary source of information. It shows that we have been successful in finding ways to build an impressive cohort of people who continue to rely on us for talent.”

GMAC’s findings on overall positive trends in MBA hiring are consistent with a study released in April by MBA Career Services and Employer Alliance. The survey shows that employer recruitment for MBA and business-specialized masters students is back to pre-pandemic activity. Conducted this year by GMAC, MBA CSEA and the European Foundation for Management Development Corporate Recruiter Questionnairerecords data from 941 respondents in 38 countries, including 539 corporate recruiters and 402 staffing agencies.

The inclusion of staffing agencies is a change from the previous year, when GMAC recorded almost exclusively responses from corporate recruiters. Reasons for the Change To make the overall sample more globally representative, GMAC Research worked with market research firms to recruit additional participants.

AX Inflation Soars, 54% of Recruiters Offer to Help

Of the key findings, the one most relevant to those deciding whether to pursue an MBA is GMAC’s conclusion that starting MBA salaries continue to offer a premium. The median starting salary level for an MBA is “he is between 22% and 40% higher than the salary level offered to graduates with a bachelor’s degree across regions of the world with sufficient samples to report.” reports GMAC.

However, the highest average salary for new MBA hires (this is found in the US) is $115,000, and has remained at that number for the last three years of the study. In an economy perhaps best characterized as “inflationary,” that means “the real value of MBA salaries is declining,” concludes GMAC. To combat that decline, corporate recruiters are increasingly turning to benefit packages that include tuition reimbursement and educational assistance such as scholarships. 54% of recruiters offer some form of help, up from 35% last year.

Meanwhile, median starting salaries for business masters are rising among U.S. companies, with “plans to offer business masters graduates higher starting salaries in 2022 than last year.”

Increased recruitment of international graduates in the United States

In more positive news, GMAC found that US international employment has bounced back to pre-pandemic levels and may continue to grow in 2022. The highest international employment occurs in the Middle East (52%) and Western Europe (40%), while the United States “This year’s survey results show that the situation for international MBA and business masters graduates is improving. has suggested,” reports GMAC. “Looking back at actual hiring last year, 43% of U.S. recruiters confirmed that they hired international talent in his 2021 year, compared with 35% in 2020 and 35% in 2019. We’re recovering from 41% a year.”

Additionally, 56% of U.S. recruiters in this year’s survey say they plan to hire foreigners in 2022 (35%) or are willing to hire (21%), and the 2021 survey This is up from 48% who said the same in US tech companies are ahead, with 83% saying he plans to hire foreigners in 2022 (62%) or willing (21%).

“As travel restrictions continue to ease around the world and student mobility continues to improve, we are thrilled to see more international students returning to our campuses across the country. Our goal is to help our graduates take advantage of the strong U.S. job market,” said Isabelle Bajeux-Besnainou, incoming GMAC board member and president of the Carnegie Mellon Tepper School of Business.

Online MBAs Accepted, But Not as Accepted in the US

Students of online MBA and other business masters programs will be delighted to learn from GMAC research that global corporate recruiters are becoming more receptive to online degrees. But he has one major market where he doesn’t. United States.

GMAC reports that the percentage of global recruiters seeing graduates from both online and in-person graduate business programs has increased equally from 34% in 2021 to 60% in 2022. That’s not the case in the US, which is “the country with the largest number of online MBA enrollments in the world,” with more online MBA students than her traditional two-year residential program. Only 29% of U.S. employer recruiters surveyed say they view graduates from online and in-person programs equally, the lowest of any region in the world, with 33% of respondents viewing modalities equally. It is actually decreasing from 2021 when we answered that we see it equally.

“Growth in online MBA programs has been very strong in the United States, with total online program enrollment surpassing full-time in-person MBA enrollment for the first time in 2020-21. Sabrina White, Vice President of Industry Engagement, said: “Business schools are embracing the expectations and outcomes of alumni and employers as online delivery emerges from the pandemic as a vital part of the graduate management education industry. You are presented with a unique opportunity to match.”

Sangeet Chowfla says the decline in favorability of online MBAs represents an opportunity.

“As business schools continue to evolve modalities and allow more candidates to access MBA and Master of Business programs through online delivery, this presents an opportunity to align the expectations and outcomes of alumni and corporate recruiters. We provide it to the graduate management education community,” he says.