[photopress:ChinaMBAstudents.jpg,full,alignright]The TopMBA.com International MBA Recruitment and Salary Report 2006 shows that worldwide in 2006 there has been a 24 percent increase in demand for MBA. The survey, with responses from 445 companies in 33 countries, reveals that the job market has been propelled mainly by the uptake in the consulting sector.
In terms of the demand for MBAs, this year, the consulting sector reported a massive 38 percent increase, followed by financial services with 24 percent general industry with 18 percent and the tech sector with 17 percent.
Matt Symonds, whose company QS Network conducted research, said, ‘This is one of the biggest upsurges the MBA job market has seen in the last 10 years. In a sense, 2006 has been a record year for MBA graduates in terms of not just salaries and bonuses, but also the number of offers received. Job markets of US and Europe have picked up substantially while Asia has moved forward steadily.’
Along with the growth in demand for MBAs, globally there has been a spike in salaries too. Symonds attributes it to the swing in relative bargaining power. He forecast that talent shortages in countries like China will force salaries to rise.
Source: Business World