Recovery and the future of MBA recruitment
Though the challenges facing MBA candidates applying for jobs this summer are obvious, the MBA degree is still sought after by employers. The companies hiring the most MBAs will continue to need top-level managerial talent, and as the economy recovers hiring will increase again.
The AMBA report shows that 31% of employers cite the country where a candidate completed their MBA as ‘not very important’ or ‘not important at all’, which is a positive sign for candidates who perhaps can’t enrol on an MBA program in their first choice country because of travel or visa restrictions.
It’s also now easier for candidates to find jobs in countries other than where they are studying their MBA. Virtual recruitment fairs launched by Highered and EFMD this summer give MBA candidates the opportunity to meet with recruiters from all around the world.
Good news for MBA candidates is that 68% of responding employers rate MBAs as excellent or very good employees. 80% strongly agree or tend to agree that MBA grads have the relevant skills to thrive at their organization.
An MBA is seen as a long-term investment rather than a short term fix, and so as economies around the world begin to recover, the skills gained on an MBA will still be desirable. It could be a way to stand out in the post-coronavirus jobs market.
Watch: Applying to business school during COVID-19
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