some manufacturing industries and the appearance of new mid-sized MBA employers on campus have all contributed to the growth.”
“We can also expect technology sectors to lead the way in MBA recruitment in 2013, with a forecast growth of 27% growth in MBA demand worldwide.”
He continues, “With the economic conditions uncertain in the euro zone, growth slowing in Asia and the upcoming US presidential elections, it’s not surprising to see that employers, especially multinational corporations, are reporting prudent MBA hiring plans in 2013 in order to avoid being potentially pulled back into 2008/9 conditions where they
had to reverse some MBA hiring decisions and overall MBA demand declined 5%.”
Increase in MBA salaries
The report also found that salaries offered by international employers in North America have increased from US$87,200 in 2011 to US$89,100 in 2012. However, the average bonus payable fell slightly from $23,000 in 2011 to $17,700 in 2012. Stanford (US$127,200), Harvard (US$121,700) and Wharton (US$118,000) were the top- reporting business schools in terms of base salary, excluding sign-on or starting bonuses.
Quacquarelli says, “This is the first time in my twenty years in the
MBA industry where I have seen MBA employment demand grow in regions suffering from recession and negative GDP growth. We have witnessed this in both the USA and Northern Europe.”
“The increases in MBA salaries is an added surprise and the only downside to such high average salaries for MBA graduates is that smaller prospective MBA employers may be deterred from trying to compete for the best MBA talent.”
Find out more about MBAs at QS’s
TopMBA website:
www.topmba.com
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