Wanted: The Best of the Best
Excerpts below are from an article titled Wanted: Best of the Best by Gregg Schoenfeld that first appeared on page 24 in the July/August 2014 edition of Britain in Hong Kong, the official magazine of The British Chamber of Commerce in Hong Kong, published by Ninehills Media Ltd. For more information on the British Chamber of Commerce in Hong Kong please visit www.britcham.com.
MBAs are increasingly in demand in Asia-Pacific, so much so, that 13% more recruiters say that they expect to hire students this year than did in 2013. When asked why they hire business-school talent, many APAC employers responded that these students consistently arrive on the job with a keen understanding of the marketplace, “[a] strategic business mind set.” Further, many APAC employer respondents noted that, in their view, these candidates “tend to be self-motivated.” In their search for talent, companies in APAC make heavy use of employee referrals (94%), online job boards (92%), recruitment agencies (83%) and of the applicants that apply directly from their company website (87%).
Meanwhile, more than one-third of employers in the APAC region intend to visit more business-school campuses this year, compared to the number that visited business schools in 2013. Competition for talent may be heating up as demand for graduate business students expands. With employers going to more campuses, those that do not have the time or re-sources may need to innovate their recruiting practices, including the use of virtual cam-pus visits. Building relationships between schools and companies is an investment today that is likely to yield high returns on talent tomorrow.
About the Author
Gregg Schoenfeld is director of Survey Research for the Graduate Management Admission Council. Register today to get your staff, class of 2015 business school students, alumni, and employers included in free annual surveys. [Hurry! School sign up for the 2015 Alumni Perspectives Survey ends on October 3rd.]
Also of Interest
- The Sept. 10 edition of Bloomberg BusinessWeek features "Seven Career Moves Every First-Time MBA Needs to Take," which advises students to self-assess early and often and highlights Reflect™ by GMAC as one of the more helpful ways to shape early career success.
- Help your candidates prepare for first-round admissions deadlines. Also featured in Bloomberg BusinessWeek (Sept. 8) is the advice of GMAC’s School Research and Relations Director Eric Chambers on what candidates should be doing to focus their efforts on delivering their best application package.
- The Test Publisher newsletter, a publication of the Association of Test Publishers, features an interview with GMAC’s Sangeet Chowfla and ATA’s Cheng Yaw, who is headquartered in Bei-jing, China. The two CEOs share their regional perspectives on the impact of the global econ-omy on the business of testing. Find out what they have to say about testing in a mobile society, next-generation assessments, and other trends in their respective markets.