More Good News On The MBA Job Market
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There’s still more good news on the MBA jobs front. A new survey of business schools by the MBA Career Services Council released on June 7 shows that the recovery in the job market has spread well beyond the top-ranked schools.
The survey findings show that 51% of responding B-schools report an increase in on-campus recruiting for full-time jobs, while 69% of respondents report an increase in full-time job postings. Only 11% of schools reported a decline in on-campus recruiting activity.
Schools ranked outside the top 20 showed the biggest increases, suggesting that the economic recovery in MBA jobs, which started two years ago, has now spread up and down the business school landscape (see table below). Some 73% of schools ranked between 51st and 100 reported improvement, while 43% of top 20 schools reported an uptick.
The council said that increases in recruiting activity are occurring across most sectors, with consulting and technology showing the largest increase. Financial services and government showed the largest decrease in full-time recruiting.
Source: MBA Career Council 2012 Spring Recruiting Trends Survey
A third of the schools reported increases of between 1% and 10%, while one in four schools said on-campus opportunities were flat. About 9% of the responding business schools said job opportunities on-campus were up 20% or more (see table below).
Source: MBA Career Council 2012 Spring Recruiting Trends Survey
The same trend favoring schools lower in the rankings held true for job postings as well, according to the survey. An overwhelming 93% of schools that are ranked between 51st and 100 reported increases in full-time positions postings, compared to 64% of the reporting top 20 business schools (see table below).
Source: MBA Career Council 2012 Spring Recruiting Trends Survey
“Companies have continued to expand their on campus presence and recruiting activities over the last few years following the recession,” said Nicole Hall, president of the council and director of the career management center at Wake Forest’s School of Business, in a statement. “The survey results confirm that schools have retained that growth, while many have seen continued growth in 2012.”
Source: MBA Career Council 2012 Spring Recruiting Trends Survey
The council said that 70 business schools responded to its Spring 2012 Recruiting Trends survey, with 83% of the respondents in North America. Six out of every ten of the responding schools boasts a full-time MBA program that is ranked among the top 50. The survey was conducted May 8th through May 29th.
Schools also are optimistic about internship hiring, with 80% of respondents reporting that at least 75% of students received an internship offer. 72% of respondents expect internship opportunities to increase compared with last year.
When asked about hiring methods, alumni-initiated hiring saw the largest increase (58% reported an increase). This seems to be a direct result of efforts on the part of career services offices to increase alumni engagement through referrals and networking events, the council said.
Overall highlights:
• 51% of schools reported an increase in on-campus activity for full-time positions. In 2011, 76% reported such an increase.
• Full-time job postings increased for most schools with 69% reporting more opportunities than last year. In the 2011 survey, 86% of respondents reported more full-time postings over 2010.
• Responding schools reported increases in recruiting activity in all industries; over 30% of schools reported increases in Consulting, Consumer Products, Manufacturing, Pharma/Biotech/Healthcare Products, and Technology.
• Of schools reporting offer information, 50% indicated that 75% or more of the class of 2012 had received a full-time offer. In 2011, slightly less (47%) of schools reported that 75% or more students had offers.
• 80% of reporting schools indicated that at least 75% of students had received an internship offer which is just slightly higher than in 2011 when 64% of schools reported that information.
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