The annual year-end poll of employers provides an early look at hiring plans. Download the poll report.
Register to participate in both of GMAC’s in-depth job markets surveys by Jan. 31, including the Corporate Recruiters Survey, and the Global Management Education Graduate Survey.
Employer's 2014 Hiring Plans
The job market will very likely hold up for class of 2014 business school graduates, as more than three-quarters of employers that plan to hire business school graduates expect to maintain or increase their hiring from this year, according to GMAC's Year-End Poll of Employers.
Actual hiring for 2013 and projected hiring for 2014 are much improved from a few years ago, despite persistent uncertainty in the global economy. In addition, between 45 percent and 58 percent of employers plan to increase annual base salaries at or above the rate of inflation, another indicator that demand for talent remains strong.
-- Rebecca Estrada, GMAC survey manager
The poll of 211 employers in 33 countries serves as an early gauge of next year’s job market and includes one-fifth of the Fortune 100 and close to 50 Fortune 500 companies. It projects some optimism for direct-from-industry hires and master in management graduates, as the percentages of employers who expect to hire in these categories is five percentage points higher than the percentage that actually hired them last year (87 percent vs. 82 percent in 2013 for direct-industry hires and 42 percent vs. 37 percent in 2013 for master in management graduates).
But in most categories, the percentages of employers planning to hire new graduates in most categories are very similar to the percentages of those who hired these graduates in 2013:
- 72 percent expect to hire MBAs, compared with 71 percent that hired them this year.
- 81 percent expect to hire bachelor’s degree holders, compared with 82 percent that hired them this year.
- 36 percent expect to hire master of accounting graduates, compared with 35 percent that hired them this year.
- 35 percent expect to hire master of finance graduates, compared with 36 percent that hired them this year.
“We’ve always heard anecdotes about the importance of business school talent in hiring plans and what skills and abilities they bring to the workplace. This year’s new poll data shows that worldwide, nearly all employers agreed that business school graduates create value for their companies, with a majority (68 percent) confirming that recruiting this talent is a priority in their hiring plans.” Estrada added.
The poll also found the vast majority of employers agree that business school graduates need to have exceptional interpersonal skills (97 percent) and the ability to use data to drive decisions (98 percent).