Rebecca Estrada Worthington, GMAC survey research manager, said: “Even in the depths of the recession, business and management degrees can provide a measure of job protection and opportunity.
“Today in a recovering global economy, management degrees can… Provide fuel for an individual’s career growth.” This follows a prosperous recruiting season in 2014.
GMAC forecasts the largest recruiter demand for those on Master of Management courses, one-year programs that are often pre-experience. In 2015, 86% of employers surveyed will maintain or increase hiring of MiM graduates. This builds on 2014, when there was an 11% increase in companies that hired from this group.
But in total volume MBA holders are still the largest business school group being recruited. Some 3% more employers plan to hire MBA graduates in 2015 than last year.
Job growth is being driven by companies’ plans for expansion. Indicating renewed confidence in the global economic recovery, 64% of employers GMAC surveyed plan to expand, opening up career opportunities.
Only 25% of companies are still overcoming economic challenges. Half of employers also reported that they offer funding for employees pursuing management education.
“The job market is vibrant, especially in the US and emerging market economies,” said a products and services employer, adding that Europe is beginning to stall.
Nevertheless, salaries are expected to swell. In 2015 most employers plan to increase starting salaries at or above the rate of inflation for both MBA and MiM hires.
What’s more, 16% of employers plan to expand their internship program for MBA candidates in 2015.
Employers also reported planned growth in recruitment for some specialized masters students. In 2015, they plan to hire 4% more Masters in Finance graduates, and 3% more Masters in Accounting graduates.
But there was a fall in planned growth in hiring of undergraduate business students, according to GMAC.
The organization polled 169 employers in 33 countries between October and November 2014.
In February this year, GMAC will conduct its annual Corporate Recruiters Survey, which typically provides a more detailed snapshot of the current jobs market.
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