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Team Careers360|Jul 31, 2023
NEW DELHI: Employers from Asia and Fortune 500 companies are more likely to recruit management graduates from “leading” business schools, according to the Corporate Recruiters Survey 2023 by the Graduate Management Admission Council (GMAC) which also conducts the Graduate Management Admission Test (GMAT) exam. The survey also found that employers prefer students who have studied offline programmes than those with online degrees and micro-credentials.
The survey conducted on 1,028 employers from 34 countries and 55 percent of global Fortune 500 companies found that employers are positive about hiring candidates from business schools despite inflation and uncertainty.
Recruiters find communication, data analysis, and strategy are among the most important skills for business school graduates and will stay in demand in future too, as per the survey.
US employers also consider the preparedness of candidates important and think business schools can work on building the intercultural skills of students. More importantly, MBA salaries are expected to rise and more hiring is anticipated in 2023 despite recession.
“The outlook among most employers indicates that business schools are on the right track preparing their graduates with the skills of current and growing importance to successfully navigate an information loaded and AI-affected world,” said Joy Jones, CEO of GMAC.
“Graduates of online business degrees should talk about their credentials differently depending on the employer—employers in Asia are more likely to value the degree itself, while U.S. and consulting employers would rather hear about specific skills candidates attained,” suggested Andrew Walker, director of research analysis and communications at GMAC and the author of the report.
“Micro-credentials in and of themselves are less likely to impress employers compared to graduate business degrees though the skills they bring are appreciated by some employers,” he added.
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