This year, MBA grads to be seen everywhere

This year, MBA grads to be seen everywhere

Some 79 per cent companies plan to hire fresh management graduates this year, compared to 72 per cent in 2011.

On an average, the number of MBA freshers per firm has also increased from 13 last year to 17 this year, claims a survey by NGO Graduate Management Admission Council (GMAC) and administrator of GMAT exam.

The demand for Masters of Accounting graduates, specially in Asia-Pacific region, has increased with companies hiring 54 per cent in 2012, up from 38 per cent in 2011.

Hiring projections show that companies worldwide expect continued job growth. “Nearly four in five companies (79 per cent) plan to hire at least one MBA candidate in 2012. This is up from 72 per cent in 2011 and 50 per cent in 2009. Sixty per cent respondents say they are seeking new business school talent, and 37 per cent companies are likely to replace their staff with freshers,” the report stated.

Among those hiring in 2012, 36 per cent firms will hire due to increased workload, and 14 per cent because of increased profit.

“Master of Accounting graduates are in demand among large- and mid-sized companies,” the report stated.

Small companies — fewer than 1,000 employees — account for the largest proportional increase in demand for MBA graduates.

According to the survey, work experience and internship are main factors while selecting candidates.

“Recruiters, while selecting a candidate for interview, often considers the candidate’s work experience. The top three criteria include job function, industry and years of experience,” the report stated.

The most popular industries in which the MBA class of 2012 searched for jobs were products and services, consulting, finance and accounting, irrespective of the course type.

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