GMAC’s 2014 Year-End Employer Poll
Here are some highlights from GMAC’s 2014 Year-End Employer Poll. Spoiler: It’s good news!
• 169 employers from 33 countries were interviewed. This is a relatively small sample.
• Overall, the job market remains strong for 2015 b-school grads.
• 90% of employers that expect to hire b-school graduates in 2015 expect to maintain or increase the number of job openings compared with hiring in 2014.
• 72% of employers plan on hiring MBA graduates in 2015, compared to 69% in 2014.
• The majority of employers (54%-74%) plan on increasing starting salaries at or above the rate of inflation in 2015.
• 64% of employers say that their companies are expanding and that they plan on hiring more business school graduates.
• 87% of employers expect to offer internships to students. Usually these internships will go towards bachelor’s graduates (73% of employers). This is followed by MBA grads (55% of employers).
• 96% of employers agree that business school graduates create value for their companies.
As usual, the greatest hiring demand is for MBA graduates; though Master in Management grads are projected to experience the largest increase in hiring.
According to GMAC’s Survey Research Manager, Rebecca Estrada Worthingon, “The solid job prospects for b-school talent seen over the past several years and again reflected in this poll, give prospective students good reason to consider pursuing these degrees as part of a strategy to drive their career goals….Our data show that 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 be a powerful driver of confidence and provide fuel for an individual’s career growth.”