16.11.2009
MBA employment: positive picture
The global financial crisis has hit the international job market hard, yet MBAs seem to be doing better than unqualified managers in general. European Union unemployment has risen by 1.2% to 7.9% in April 2009, compared to 6.7% a year ago (US unemployment has risen by 3.3% in the same period). MBAs have not been isolated from this crisis, but early career service feedback suggests the percentage finding employment within three months of graduation will not be significantly different from a year ago. Top 10 Schools with the highest employment rates: Georgia Tech College of Management USA 100 Indian Institute of Management Ahmedabad Asia 100 Indian School of Business Asia 100 McCallum Graduate School of Business Bentley University USA 100 MIT-CTL USA 100 University of Calgary Haskayne School of Business Canada 100 Vlerick Leuven Gent Management School Europe 100 IESE Business School Europe 98 McDonough School of Business Georgetown University USA 98 The Chinese University of Hong Kong Asia 98 Source: TopMBA.com/Scorecard Financial services firms traditionally hire 30-35% of international MBAs. In 2009, it is expected that the proportion will be closer to 25%, which is not bad considering over 325,000 people worldwide have been laid off in this sector in the last twelve months. Stephanie Ahrens, MBA Recruiter at Morgan Stanley explains “those of us that have seen downturns in the economy in the past know that a recruitment freeze is not the answer. MBAs are much desired in our business for building a pipeline of future leaders and innovators. We are committed to hiring MBAs in 2009 and beyond, despite current challenging market conditions.” More information: topmba.com |
