As per a survey conducted by the
Graduate Management Admission Council (GMAC), the job market scenario
for 2013 graduates is expected to be positive. This survey was conducted
on 201 employers. The 2012 year-end poll reveals that 76% companies
expect to employ fresh MBA graduates in 2013. Last year, only 69% of
employers hired fresh graduates. Out of the companies aiming to hire
2013 MBAs, 56% plan to offer a basic salary of 43% or increase the same
by 13%.
Companies recognize that
graduate employees with a business degree are a smart investment during
uncertain times. Also, recruiters need talent who bring with them not
only skills but also alertness to face the current changing demands. The
hiring process for experienced candidates is 86% in comparison to
previous year’s 83%. The new bachelors hired went from last year’s 80%
to 78%. The poll discovered that the demand for new graduate holders in
other business areas is comparatively smaller but growing.
In comparison to last year’s 33%, this year 43% of the employers are
planning to hire management post graduates. 40% employers are expected
to recruit master of accounting graduates going up from 32% last year.
39% companies are expected to hire master of finance graduates instead
of 32% master of finance graduates recruited last year. 46% companies
plan to employ graduates with specialized master’s degree in business in
comparison to last year’s 34%.
The internship scenario for 2013 seems strong. Around 85% of the
employers are planning to offer internships to students, with nearly 70%
of the companies offering internships to UG interns and 65% employers
extending internships to MBA interns respectively. Even though fewer
firms offer internships to masters-level students from other
specializations, companies who do offer internship to such students are
likely to take as many or more interns in 2013 compared to last year.
The 2013 hiring outlook went better than expected for most of the
firms. Around 85% to 97% companies hired more than they planned to
recruit.
Source: The Economic Times
No comments:
Post a Comment