You will be redirected to the page you want to view in  seconds.

More companies hiring new MBAs

Jun. 9, 2014 - 12:50PM   |  
  • Filed Under

People who just earned their MBA have another reason to celebrate: 86 percent of U.S. companies with business school recruiters plan to hire MBA graduates in 2014, up from 81 percent in 2013 and 51 percent in 2009 during the economic downturn.

Thatís according to a global survey of business school recruiters for 565 employers, including 36 Fortune 100 companies.

The projected median U.S. base salary for MBAs in 2014 is $95,000, similar to last year. That compares with a median annual salary of $50,000 for bachelorís degree recipients, says the survey, conducted by the Graduate Management Admission Council, which administers the GMAT exam.

Globally, U.S. firms have the strongest demand for MBA hires, said Michelle Sparkman Renz, director of research communications at the council. The demand for all job candidates has increased in the U.S. from last year, with about 78 percent of these employers planning to hire bachelorís degree graduates, up from 77 percent in 2013, she said.

The latest findings confirm a recent CareerBuilder survey that showed more employers plan to hire college graduates this year than last year.

There was an uptick in MBA hires at firms in the West and Midwest, Renz said. ďThis reflects a growth in the need for MBAs at tech and manufacturing firms, which arenít traditionally the leading sectors in recruiting at business schools, but they are key sectors for the overall economic climate of the U.S. in general.Ē

Other findings:

■ 40 percent of employers plan to hire master of accounting graduates, up from 35 percent in 2013.

■ 46 percent plan to hire other specialized business masterís graduates, up from 41 percent in 2013.

■ 81 percent plan to hire people already in the workforce, up from 80 percent in 2013.

■ 73 percent of U.S. companies plan to improve performance/productivity, 55 percent, to expand their customer base, 48 percent to launch new products and services, 48 percent to reduce costs, 41 percent to improve customer service, 32 percent to expand geographically, and 23 percent to overcome economic challenges.

Companies are less worried about reducing costs and overcoming economic challenges and more focused on launching new products and services and expanding customer base, Renz said.

Answers by RallyPoint

Join trending discussions in the military's #1 professional community. See what members like yourself have to say from across the DoD.

More In Education

Start your day with a roundup of top defense news.

VA Home Loan

Search By:

Product Options:
Zip Code:

News for your in-box

Sign up now for free Military Times E-Reports. Choose from Money and Education. Subscribers: log in for premium e-newsletters.

This Week's Navy Times

This Week's Navy Times

Go mustang
LDO and warrant careers offer more authority, a pay hike and big retirement payout

Subscribe for Print or Digital delivery today!

MilitaryTimes Green Trusted Classifieds Looking to buy, sell and connect on Military Times?
Browse expanded listings across hundreds of military installations.
Faces of valorHonoring those who fought and died in Operations Iraqi Freedom and Enduring Freedom.
hall of valorThe Hall of Valor is a searchable database of valor award citations collected by Doug Sterner, a Vietnam veteran and Military Times contributing editor, and by Military Times staff.

All you need to know about your military benefits.

Benefits handbook

Guard & Reserve All you need to know about the Guard & Reserve.

guard and reserve handbook