Thinking of signing up for an MBA to enhance your training and kickstart your career?
For a more accurate picture, take a look at the global trends in the world of MBA (Master of Business Administration) courses and the impact they can have on the careers of their alumni.
Employment rates, average salaries, the most desirable skills in the job market: youâ€™ll find everything you need to know to form an in-depth picture of the MBA universe and make an informed decision.
- An increasing demand for Big Data specialists
Thereâ€™s no slowing of the trend thatâ€™s taking over the business world of the new Millennium: the burden of Big Data is becoming cumbersome and difficult for companies to manage.
Businesses need key strategic hires capable of making sense of the vast amount of data gathered through market monitoring and of drawing out meaningful insights that provide companies with a competitive advantage.
Thatâ€™s why the worldâ€™s leading Business Schools are integrating Big Data Analytics courses into their programmes: a key development to train the strategic leaders of the future.
- International vision: a key quality
The business world has no borders and is always looking for professionals with international experience.
For this reason, it is becoming increasingly common for people to choose to do their training abroad: attending an MBA in another country is a unique opportunity for students to enrich their CV, take advantage of networking opportunities and to grow both personally and professionally as they integrate into a new culture.
And while peopleâ€™s appetite for studying in the USA seems to be falling, among the most popular destinations, itâ€™s Europe and Asia that stand out, both of them magnets for business.
- MBA: a fast track to the best internships
The internship route offers MBA graduates enhanced opportunities to join the worldâ€™s most prestigious companies.
The data confirms this: according to statistics in the GMAC â€ś2016 Year-End Poll of Employersâ€ť report â€“ which involved over 160 recruiters in over 140 businesses â€“ around 2/3 of companies that are considering running internship programmes intend to open their doors to MBA candidates in 2017.
And thereâ€™s more good news: internships reserved for MBA students are increasing, as shown in 59% of cases.
Internships are not an end in themselves, but increasingly represent the beginning of a brilliant professional career, leading to permanent positions in prestigious roles.
- MBA alumni: higher earnings
Companies are prepared to invest more to hire a graduate of a prestigious MBA course.
More compared to other hires, and more compared to previous years.
In fact, in order to attract the best talent available, companies are prepared to increase their investment: almost 60% of the sample group who took part in the GMAC analysis will be offering higher starting salaries to candidates recruited in 2017 who have an MBA.
- More job offers for MBA students
The GMAC â€ś2016 Year-End Poll of Employersâ€ť provides us with another important assessment tool: do MBA candidates enjoy better job opportunities?
The answer is â€śyesâ€ť according to 96% of recruiters who took part in the poll. The almost unanimous response from the survey sample confirms that hiring Business School graduates brings companies added value.
Concrete evidence that also indicates future intentions: 8 out of 10 recruiters confirm that in 2017 they plan to hire more fresh Business School graduates, and in 78% of cases will increase the number of positions available to them.
- Online MBA programmes: a growing phenomenon
The number of online MBA programmes also continues to grow, offering a flexible learning solution for professionals who want to develop themselves while continuing to work.
This solution is also highly popular with companies that finance MBA programmes and who are increasingly moving away from investing in traditional programmes in favour of fully digital alternatives.
A trend that benefits students, who can take advantage of a flexible learning model that enables them to pursue their career, and that also benefits companies, who enjoy constant improvements in employee performance as a result of the individualâ€™s ongoing learning.