Artigo do Jornal britânico “The Times”
Graduates are spoilt for choice as job offers head towards a record
Boom in City fuels need for new talent, says Nunzio Quacquarelli
MBAs will be able to take their pick from a record number of jobs worldwide this year, recruiters predict.
The TopMBA.com Index of MBA Recruiting forecasts a 22 per cent increase in jobs on offer. The prediction is based on responses from more than 500 MBA employers in 30 countries and follows a 20 per cent increase last year.
The consulting sector reports a 35 per cent increase in demand for MBAs, banks 20 per cent and general industry and technology 17 per cent and 18 per cent respectively.
Business school career services also report their best year on record. In this year’s Career Service Council survey, 95 per cent of business schools reported an increase in employers recruiting on campus.
Simon Bolton graduated from IMD in Lausanne last year. He says: “Many of my classmates had three to five job offers each.” He landed a job with GE Europe, as manager, corporate initiatives group.
The UK is one of the hottest markets for MBAs, after China and the US. At London Business School, Graham Hastie, careers director, reports that 96 per cent of the MBA class accepted permanent jobs within three months of graduating last year and 99 per cent of the this year’s class already has paid summer internships lined up — both records.
Lindsay McQuade, careers director at Cass Business School, reports a 100 per cent increase in on-campus recruiting last year and continued growth this year, “benefiting from the booming job market in the City”.
Global-Workplace, which operates a jobs website (www.global-workplace.com) on behalf of many of the world’s top business schools, saw a record 12,500 new MBA jobs added to the site during last year.
Mike Holmes, of Global-Workplace, says: “The big demand this year is coming from the service sector — banks and consultancies. A trend in recent years is for MBA alumni, who are now responsible for hiring, to return to their school to pick up new talent.”
Many companies are taking advantage of the upturn in vacancies to hire graduates outside the traditional pool of males aged 26-35 years. They may still be the main choice but women and ethnic minorities are increasingly targeted.
Nimai Swaroop, a recruitment manager at Shell, says: “We target high quality, young female talent for future leadership positions. We aim for 50 per cent of our graduate intake to be women and we have a minimum target for the percentage of women in our senior manager team by 2010. We are increasing our MBA intake to meet this target.”
But there is a downside to such a hot MBA job market. Jason Yeldham, at Deutsche Bank, says: “Competition for the top MBA students could result in a huge amount of time and money invested in a hiring process with little return.”
There is also a danger of a return to the bad old days when MBAs had a reputation for arrogance. Tiffany Wogelwede, an international recruiterl in the US, claims that they are “beginning to have a sense of entitlement once again”.
Sue Warren, at BT Retail, one of the largest recruiters at London Business School last year, complains that some MBAs have “unrealistic” expectations about salaries in industry. But she praises the way they can “challenge the status quo”.
Nunzio Quacquarelli is the Editor of TopMBA.com