If you haven’t yet considered an MBA, now is the perfect time to take that next step in your educational career. The Graduate Management Admission Council, or GMAC, 13th annual Corporate Recruiters Survey had great news for both undergraduate and graduate business students.
According to the results, an estimated 80% of companies plan to hire MBAs in 2014, with both healthcare and manufacturing industries showing the greatest increase in hiring MBAs. This is a 7% increase from the previous year and the largest number of expected hirings of MBAs since the inception of the survey, which drew responses from nearly 600 organizations in 44 countries.
“More companies in all sectors and across the world plan to hire business school graduates, with projected hiring rates the highest for all degree types since the Great Recession started in 2009,” said Sangeet Chowfla, CEO and president of GMAC, in a statement. “MBAs have always been valued by employers, but this survey shows that as the economy improves, employers see MBAs as a good investment into their future.”
The greatest demand for projected hiring of MBA graduates in the United States was in the Midwest, where a projected 91% of organizations will be hiring MBA graduates. Here in the south region, 81% of organization’s are projected to hire MBA graduates.
18% of responding companies also anticipate increasing starting pay at levels above the inflation rate. In addition to MBA hires, 74% of organizations plan on hiring business bachelor’s graduates as well. If you haven’t started the application process yet to join an MBA program in the fall, you should consider our University of North Georgia MBA, the Cottrell MBA.
We’ve extended our application deadline so you still have until June 27, 2014 to apply for our August 2014 cohort. Sign up today for our next information session on June 10.
GMAC included 32 of the top 100 companies in the FT 500 and 36 of the Fortune 100, in their survey which was conducted in the first quarter of 2014. For those not familiar with GMAC, the organization administers the GMAT exam.