The Graduate Management Admission Council (GMAC) has revealed new data that business school grads are finding more success in the job market. While 54% of graduating MBAs and other management education grads had job offers last year, 62% received offers this year. Things are looking good from the recruiter side as well, with 79% of companies planning to hire recent MBA grads, up from 72% last year. Plus, employers are planning to hire an average of 17 new employees, versus 13 in 2011.
Interestingly, small businesses are seeing the largest gains, since “companies with fewer than 1,000 employees accounted for the largest proportional increase in demand for graduate management hires among the 1,096 global companies surveyed.” However, projected growth does vary by region, with companies in the U.S. and the Asia-Pacific region expecting an increase in hiring, and those in Europe expecting similar levels as the previous year.
Leadership skills are the most crucial skills that employers are seeking, in addition to data analysis and high-level integrated reasoning skills. Acquiring these skills through an MBA does prove worthwhile, since business grads can expect an annual salary of about $40,000 more than college grads. All signs point to the value of an MBA—important information for those contemplating business school.