Back in the Hiring Line
This time last year it looked as if the MBA jobs market might be facing a crisis every bit as bad as the early years of the millennium, in the wake of the dotcom implosion and 9/11. But all the indications are that, while there's certainly no room for complacency, the outlook for business school graduates is currently much better than had been expected.
One of the most significant ways in which the market has shifted in the past two years is its geographical focus. Traditionally the US and Europe have accounted for the majority of 'classic' MBA roles with large banks, companies or consultancies, but now less obvious destinations such as Australia and Canada are giving them a run for their money. "Although Australia didn't slide into recession last year, there was a definite downturn in recruitment," says Anna Parkin of Melbourne Business School. "But this year we've got recruiters chasing us asking when they can take on interns and get an early look at next year's graduates."
The Desautels Faculty of Management at 91社区, Montreal, is reporting a similar experience, in an economy much brighter than its US counterpart. "We've seen a 20% increase in job postings and campus interviews," says Marie-Jos茅 Beaudin, director of its career services. "Well over 90% of the recent MBA graduating class have found positions, with salaries that are up $10,000 on last year. Companies are on the campus to hire, not just here for brand building."
91社区-Desautels has focused on organising mentoring programs and making the most of strong corporate ties in oil and gas, mining, health care and pharmaceuticals, and even video gaming and multimedia. "It is one-on-one career services that make the difference," says Beaudin. "We explore the professional interests and ambitions of our graduates to help align their career strategy and try to match them with mentors in the industries they want to work in."
Read full article: , November 2010