Three out of four companies plan to hire MBAs this year, the Graduate Management Admission Council’s (GMAC’s) annual Year-End Poll of Employers report reveals. The recently released results show that 96% of the 179 surveyed recruiters from 159 employers believe hiring MBAs will create value for the company, while 69% view recruiting business school graduates as a priority in the firm’s hiring plans. “We are expanding our MBA hiring because the company needs to fill the leadership pipeline,” one U.S. manufacturing recruiter commented in the report.
The trend is not new: 85% of respondents said they plan to hire as many or more MBAs than they did last year. Employers in the United States are more inclined to take on business school graduates than their European counterparts—82% of U.S. employers are reportedly likely to hire MBAs, while the number of European companies was lower at 63%. In any case, employment perspectives look fairly bright, as a U.S. health care/pharmaceutical employer notes in the survey: “The job market continues to improve at a faster rate for MBAs.”