Employers Turn to Business School Grads for Skills of Today and Tomorrow

RESTON, Va., July 19, 2023 (GLOBE NEWSWIRE) -- Despite unfavorable macroeconomic conditions and looming uncertainties, employers remain confident in hiring graduates from business schools, according to a survey of corporate recruiters released today by the Graduate Management Admission Council (GMAC). GMAC, a global association representing leading business schools, published findings from the 2023 survey that explores which skills employers think will characterize the future workplace – and how prepared they view candidates of MBA and business master’s degrees to be.

Employers say communication, data analysis, and strategy are currently among the most important skills for business school graduates – and most say their importance will continue to grow. Notably, U.S. employers interested in tech skills highly value their future importance but think business school graduates could be better prepared on specific technological capabilities. U.S. recruiters – along with their colleagues in the finance and accounting sectors – are also more critical of candidates’ preparedness to leverage some important communication skills compared to other regions and think business schools could better build their graduates’ intercultural skills.

“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. “It is our belief that business schools and their graduates will rise to the challenge in upgrading the critical skills of the future – be it cross-cultural competence, Web3 and Blockchain, or digital communication – to allow them to thrive in global, hybrid organizations and make meaningful impact in an ever-changing environment.”

Other Key Findings:

Overall, employers tend to believe business school can offer an advantage over talent without a graduate management education. Employers from Asia and Fortune 500 companies have a more optimistic view of the abilities and advancement potential of business school graduates, but also are more likely to recruit more heavily from “leading” business schools. And as in previous years, employers continue to value talent from in-person programs over those with online degrees or micro-credentials only.

“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.”

The survey also examines how macroeconomic conditions are influencing hiring and salary decisions across industries and around the globe. Encouragingly, even after accounting for inflation, MBA salaries in 2023 in the United States are expected to be higher than 2022 projections, while industry and business master’s salaries may drop. Despite reported recession concerns, 2023 hiring plans remain optimistic, with some anticipated growth in hiring among business master’s compared to actual 2022 results.

About the Survey

For more than two decades, the Corporate Recruiters Survey from GMAC has provided the world’s graduate business schools and employers with data and insights to understand current trends in hiring, compensation, skill demand, and perceptions of MBA and business master’s graduates. GMAC, together with survey partners European Foundation for Management Development (EFMD) and the MBA Career Services and Employer Alliance (MBA CSEA), collected input from 1,028 respondents in 34 countries and representing 55% of Global Fortune 500 companies from January to March of 2023, in association with the career services offices at participating graduate business schools worldwide. GMAC Research also worked with a market research firm to recruit additional participants to make the overall sample more globally representative.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and GMAC Tours are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
thsu@gmac.com


Employers Turn to Business School Grads for Skills of Today and Tomorrow

THỦ THUẬT HAY

Hướng dẫn xem TV trực tuyến trên VTV Play chỉ với 8 bước đơn giản

VTV Play là một ứng dụng xem TV trực tuyến của Đài Truyền hình Việt Nam (VTV), cho phép người dùng xem trực tiếp các chương trình truyền hình, phim, show truyền hình, thể thao và nhiều nội dung khác trên điện thoại di

Hướng dẫn cách tra cứu số tài khoản thu BHXH bằng Zalo cực nhanh chóng

Bạn có thể đóng Bảo hiểm xã hội thông qua tài khoản ngân hàng. Và trong bài viết này mình sẽ hướng dẫn các bạn cách tra cứu số tài khoản thu BHXH bằng Zalo...

Hướng dẫn cách khắc phục hiện tượng iPhone không bắt được wifi

Chế độ chế độ máy bay hay còn gọi là Airplane - dùng để ngắt toàn bộ kết nối đến và đi từ iPhone trên các chuyến bay, nhằm tránh việc làm nhiễu radar cũng như quá trình liên lạc của hãng hàng không trên máy bay nhưng

Pin iPhone 6s dùng được bao lâu?

Nếu bạn đang băn khoăn về thời lượng pin của chiếc iPhone 6s liệu có đáp ứng nhu cầu sử dụng của bạn hay không. Hôm nay, chúng tôi sẽ phần nào giải đáp.

Một số nguyên nhân khiến máy tính Windows của bạn ngày càng ì ạch

Sau một thời gian sử dụng, chắc chắn máy tính của bạn sẽ dần chạy chậm hơn. Ví dụ như, khi bạn cố mở một trang web sẽ thấy xuất hiện lỗi 'not responding ' hoặc khi bạn cần đọc một email thì nó lại hiển thị rất chậm.

ĐÁNH GIÁ NHANH

Đánh giá chi tiết Apple iPhone 7: quái vật tí hon đã hoàn thiện hơn

Chống nước, âm thanh stereo và dung lượng bộ nhớ trong có lớn hơn, hiệu năng có tốt hơn đó là những nâng cấp mà chúng ta phải thừa nhận là Apple đã làm tốt so với năm ngoái.

Đánh giá Vivo V7: Màn hình tràn viền, camera selfie khủng có giúp V7 nổi bật?

So với Vivo V7+, V7 không có bất kì khác biệt nào về ngôn ngữ thiết kế. Máy vẫn trung thành với chất liệu giả kim loại giống như mẫu V7+, cùng các góc cạnh được bo tròn mềm mại kết hợp với tỉ lệ màn hình 18:9 giúp cho