Hiring of MBA shows an increasing trend

Updated on: Saturday, November 17, 2012

The 2012 QS TopMBA.com Jobs and Salary Trends Report, which received responses from 3,315 MBA employers around the world this year, reveals MBA hiring in India increased by 16% during 2011/12 and is set to increase at an even more astonishing rate of 29% in 2013.

 In the Asia-Pacific region, average compensation levels are reported to be almost US$79,000 per annum, a 20% increase in the past year. However, India’s salary levels remain below the Asian-Pacific average at $49,500 per annum. The report has excluded respondents who reported offering salaries below US$30,000 per annum as their intention is to seek MBAs without work experience as an alternative to a Bachelor’s degree.

 Globally, demand in consulting and finance, traditionally two of the most popular industries for MBA hiring, both saw a 16% growth in demand in 2012 but the forecast for next year sees this drop to 9% and 3% growth respectively.

 Edward Hyun, VP, Strategic Relationship Management for American Express Global Network Services Asia, says, “MBAs bring the maturity, business and cultural awareness as well as the leadership skills to take our company forward. Even during difficult economic conditions we remain committed to our MBA hiring programme, not just to Asia but around the world.”

 Nunzio Quacquarelli, director of the QS World MBA Tour and editor of TopMBA.com, says, “For the last few years, India has been an extremely hot MBA market and it’s showing no signs of slowing down. The country has now even taken over the US in terms of volume of reported MBA jobs for fresh graduates in 2012.”

 He continues, “While multinationals in India still have a strong preference for recruiting from international business schools, the majority of Indian employers are actively looking to recruit from local business schools like the IIMs and Indian School of Business (ISB), among others.”

Top business schools such as Wharton, Columbia, Imperial, Toronto-Rotman, NUS, Sydney Business School and many more are taking advantage of the MBA hiring boom in India and will be in India between November 26 _ December 5 for the QS World MBA Tour to recruit some of the country’s future business leaders to their campuses abroad.

For more details candidates should go to www.topmba.com

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