According to the 2016 Corporate Recruiters Survey Report, 88 percent of MBA employers expect to hire in 2016 — up by 8 percent from 2015. In the U.S., this trend reflects the positive growth projections among almost 70 percent of companies.
The survey was conducted in the first quarter of 2016 and includes over 800 corporate recruiters who work directly with participating graduate business schools. They represent more than 530 companies across 40 countries.
Among the key findings of the report is the apparent increase in the demand for MBA graduates since the 2010 recession. In contrast, the demand for graduates of other master’s degrees in business such as Master in Management, Master of Accounting or Master of Finance is significantly lower.
Other key findings include:
- The greatest demand for MBA graduates is in the health care sector where 100 percent of employers plan to hire.
- Consulting and manufacturing sectors take second place, each with more than 90 percent of employers stating hiring plans.
- In terms of salary, the U.S. “companies plan to offer recent MBA graduates a starting median base [pay] of $105,000 in 2016, up from a median of $100,000 in 2015.”
The study also reveals interesting insights regarding possible ways candidates can appear more attractive to employers. For example, some of the candidate attributes ranked as most sought by the employers were leadership potential, ability to make an impact, cultural fit, and the ability to work in and build strong teams. Candidates who convey these skills during an interview or their resume may be more likely to advance through the application process.
Additionally, student internships continue to offer a strong path towards job placement. For example, in 2015, 93 percent of MBA employers offered internships, while 57 percent of those same employers hired their interns. These findings make a strong case for students to pursue internships or try to utilize their MBA coursework at their current position.
Students earning an MBA degree at Limestone College will have an opportunity to build skills sought by today’s employers including strategic thinking, leadership, communication, entrepreneurship, and problem solving. On average, graduates of Limestone’s online MBA program have seen a 30 percent salary increase post MBA and have gone on to work in private, public and nonprofit sectors both in South Carolina and beyond.