MBA Hiring is Finally Recovering From the Recession...

Demand is up worldwide, and not just in the usual industries. Great news for the graduate business school class of 2015: The job market for candidates with MBA degrees, sleepy for the past eight years, is waking up. Openings for B-school grads have risen 26% in the U.S. and Canada since the beginning of last year, and 18% in Asia, says career site QS TopMBA’s latest annual report. That surprised even the researchers, who had forecast MBA job growth in those regions at just 8% and 9% respectively. “We didn’t anticipate quite how confident a mood MBA employers seem to be in,” says Mansoor Iqbal, the TopMBA editor who led the study, which covers 3,952 employers in 80 countries. Hiring at U.S. financial and consulting firms, where most MBAs have traditionally gravitated, is finally bouncing back, but that’s not all: Employers in tech and engineering, manufacturing, hospitality, and education are recruiting more MBAs these days, too. “Pharmaceutical makers, sleeping giants in recent years, have also upped MBA hiring levels,” Iqbal notes, “though not quite to the levels of the pre-recession boom years.” Despite the increase in demand, MBA pay has stayed pretty much the same in four out of six regions surveyed, including the U.S. “Only the Middle East and Asia bucked the trend,” the report notes, “with overall compensation increasing by 15% and 11% respectively.” Even so, MBAs in North America are still the world’s best paid, at an average annual salary-plus-bonus of $123,400. Western Europe, where hiring has gone up a relatively modest 9% since 2013, comes in second, with total yearly pay of $111,100. Read full story:...

MBA Hiring Set To Surge 38% To Highest Level Since Before Crisis...

MBA hiring is expected to surge 38% in 2014 in the United States, the largest gain since before the financial crisis in 2007, according to new data released this week. Recruiters plan to scoop up nearly 6 MBA graduates per company, according to a survey of about 5,700 employers by Michigan State University’s College Employment Research Institute. The biggest MBA hiring drives will be in large companies with 10,000 or more employees. The findings show that US employers are confident with the stronger than expected economic recovery, with 66% of respondents indicating that growth is important for their hiring – the highest level since 2008. Six sectors are reporting double-digit employment growth. Information services is the biggest hiring area in 2014, which is projected to generate a 51% increase in total new jobs from last year. The finance and insurance sectors will see a 31% increase in total hiring, followed by professional, business and scientific services sectors – including consulting – which will boost hiring by 24% in 2014. More than 50% of survey respondents were recruiters and HR managers seeking full-time staff, although 9% were looking for short-term hires for positions of less than six months. Nearly 20% of respondents were seeking experienced talent. However, competition has increased – recruiters say that competition for candidates is approaching the highest level in ten years. Large companies will target 160 candidates in 2014, up from 70 last year. HR managers also say that students are entering the recruiting season with lacklustre resumes and “slipshod” cover letters. “Employers want to see at least a modicum of polish,” the report notes. Employers also warn that financial difficulties have hampered their ability to attend campus recruiting events with enough staff, and their ability...