MBA Career Bible - ISBN:1581314205

MBA Career Bible

Date: 26 April 2011, 00:26

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So you’ve spent a few years in business school and (if you’re like most B-school grads) a few years in the workforce before that. All of a sudden, you’re back on the job market, with a new degree and newer skills, and you want to make sure that they pay off. Deja vu? Never fear, Vault is here! And so is the best MBA hiring climate in years. According to the 2006 Graduate Management Admission Council (GMAC) Corporate Recruiters Survey, based on the responses of 1,270 recruiters representing 737 companies, recruiters feel better about the state of the economy now than they have since the global economic slump of 2002. That higher confidence means a higher rate of job offers—so candidates, get ready: touch up your resumes, press your suits and prepare to interview!
MBA hiring began to strengthen in 2005 and continued to do so in 2006, according to surveys focused on the hiring landscape for new business school graduates. In its annual Corporate Recruiters Survey, published in spring 2006, GMAC found that companies planned to do more MBA hiring in 2006 than in 2005, as measured by planned on-campus recruiting, percentage of new hires expected to be new MBAs and other metrics. Recruiters surveyed expected to sign on 18 percent more MBAholders in 2006 than in 2005, focusing especially on those with finance and marketing experience. In the future they’re going to be looking at more candidates, too: recruiters say that the average number of schools that they visit to troll for candidates should rise from nine to 10.

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