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New report from Michigan State University’s College Employment Research Institute (CERI) predicts 40% of employers will increased hiring of advanced degree holders.
The MBA jobs market in the US is poised to experience its biggest surge since before the financial crisis, with job opportunities this year expected to grow by nearly 40%.
That’s according to a new report from Michigan State University’s College Employment Research Institute (CERI), which surveyed 5,700 employers.
The findings are even more optimistic than those in the newly released 2014/15 QS TopMBA.com Jobs & Salary Trends Report, which reports a 10% increase in MBA jobs in North America and 8% worldwide. The QS report is available for free, and contains in-depth MBA jobs and salary data, with expert analysis from authors Nunzio Quacquarelli and Susan Gatuguta Gitau.
Biggest increase in MBA jobs at large companies
According to MSU's CERI report, more than 40% of employers recruiting graduates with MBAs and other advanced degrees will increase their hiring this year. For those hiring MBAs, the biggest increase, 82%, will be seen among very large companies with more than 10,000 employees. Those with fewer than 100 employees expect a 28% increase.
On average, employers planning to hire MBAs said they plan to make an average of 5.9 new hires each, a year-over-year increase of 38%. But the new hire rates differ dramatically by industry, with health care leading the way with an 87% increase. MBA jobs opportunities in information technology are up 44%, followed by professional services at 29% and finance at 25%. Double-digit increases are also predicted for nonprofits (22%), retail (19%), and transportation (16%).
CERI Director at Michigan State University, Philip Gardner said the improving economy--particularly in the finance sector, which bounced back after tanking last year--is driving the growth.
“There’s a lot more confidence in the economy than you’d get from reading the papers,” Gardner says. “MBAs are really wanted when companies are launching strategic initiatives. That’s probably a good sign if we can keep that up.”
The report released this week was a summary of the survey’s key findings. The complete report will be released at the end of November.
Massive Surge in US Jobs, MSU Study Predicts
By Louis Lavelle
Updated UpdatedThe MBA jobs market in the US is poised to experience its biggest surge since before the financial crisis, with job opportunities this year expected to grow by nearly 40%.
That’s according to a new report from Michigan State University’s College Employment Research Institute (CERI), which surveyed 5,700 employers.
The findings are even more optimistic than those in the newly released 2014/15 QS TopMBA.com Jobs & Salary Trends Report, which reports a 10% increase in MBA jobs in North America and 8% worldwide. The QS report is available for free, and contains in-depth MBA jobs and salary data, with expert analysis from authors Nunzio Quacquarelli and Susan Gatuguta Gitau.
Biggest increase in MBA jobs at large companies
According to MSU's CERI report, more than 40% of employers recruiting graduates with MBAs and other advanced degrees will increase their hiring this year. For those hiring MBAs, the biggest increase, 82%, will be seen among very large companies with more than 10,000 employees. Those with fewer than 100 employees expect a 28% increase.
On average, employers planning to hire MBAs said they plan to make an average of 5.9 new hires each, a year-over-year increase of 38%. But the new hire rates differ dramatically by industry, with health care leading the way with an 87% increase. MBA jobs opportunities in information technology are up 44%, followed by professional services at 29% and finance at 25%. Double-digit increases are also predicted for nonprofits (22%), retail (19%), and transportation (16%).
CERI Director at Michigan State University, Philip Gardner said the improving economy--particularly in the finance sector, which bounced back after tanking last year--is driving the growth.
“There’s a lot more confidence in the economy than you’d get from reading the papers,” Gardner says. “MBAs are really wanted when companies are launching strategic initiatives. That’s probably a good sign if we can keep that up.”
The report released this week was a summary of the survey’s key findings. The complete report will be released at the end of November.
This article was originally published in . It was last updated in
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