Editorial
recruitment
The New Recruiters
By David Williams
MBA recruitment was once dominated by banks, but the recession has seen that change.
The consultancies are surging forward, and general industry is likely to take over from
financial services in 2009, as the second biggest source of MBA vacancies.
he QS Top MBA Recruitment
T
and Salary Reports from 2003-
2008 tell an obvious tale. Since
the collapse of the dotcom boom,
consult ancy recruitment has been
accelerating relentlessly. The number of
MBAs hired into the consulting sector has
more than doubled since 2003 and will
treble if 2009 forecasts are achieved. In
contrast even before the financial downturn
of fall 2008, vacancies in financial services
were slowing. And, if vacancies for 2009 drop
by nine per cent as expected, general industry
will become the second biggest source of
MBA hires, breaking the consultancy-
finance grip on MBA aspirations for the first
time in the post-dotcom world.
Globalization still drives change
“Globalization is continuing to have an International Institute for Management developing their own techniques.
impact on recruitment,” says Dominique Development, Switzerland (IMD),
D’Arcy, career advisor at Manchester “particularly what we call core industrial Recruitment strategies
Business School. “Increasingly, organizations business-to-business companies. This is “We are finding these industrial, business-to-
operating overseas feel the need to diversify something we haven’t seen before.” business corporations are using three different
their employee base.” What is interesting is that these new approaches to recruiting MBAs in Europe,”
“Every year, new European subsidiaries of entrants to the MBA market are taking time explains Katty Ooms Suter. “When they first
global companies come to IMD that have to find their own style. Unlike the come into the market these organizations
not been in the MBA market before,” says consultancies, the banks and the tend to adopt US-style rotation programs for
Katty Ooms Suter, director of MBA pharmaceuticals, who have settled systems of MBAs. However, these did not really suit the
admissions and career services at the recruitment, these new players have been older MBA graduate we have in Europe who
usually has had sufficient experience of work
to dispense with a graduate-style rotation
“If vacancies for 2009 drop by nine per cent as
around the company.
“The companies have therefore moved
expected, general industry will become the
on to two other approaches. The second
technique I see now is for European
second biggest source of MBA hires, breaking the
companies to combine MBA talent recruiting
with their own internal talent-development
consultancy-finance grip on MBA aspirations for
program. The in-coming MBAs take on open
positions but, at the same time, become part
the first time in the post-dotcom world.”
of the pool of talent from which the
organization can draw on in terms of its
succession management. The third approach
12 TopMBA CAreer Guide www.topmba.com

TopMBA CAreer Guide www.topmba.com 13
MBA_SPR09_pp_001-051.indd 13 17/2/09 15:52:11
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