[photopress:mba_world_students.jpg,full,alignright]Around the world a good MBA is well worthwhile. Or perhaps even better than that. For example, the UK is now paying the highest salaries for MBAs worldwide.
And China is the hottest market for MBAs with more and more MBAs joining Chinese companies.
The Top MBA International MBA Recruitment and Salary Report 2007 reveals these and other interesting trends of MBA education in 35 countries.
The survey presents a view of the World MBA recruitment market with responses from 489 companies worldwide.
Biren Patel, marketing director (India and Middle East) of Quacquarelli Symonds, the network which conducted the survey said, ‘Hiring predictions from MBA recruiters suggest that MBA demand worldwide will set a new record in 2007. In most countries, the survey has shown that there is a rise in demand for the MBA course, specially among people who seek a career change or who wish to start business.’
Industrial companies are hiring MBAs from a broader number of business schools than ever before. But it is the consulting and financial services which will account for 50% of MBA hires at many B-schools.
Such is the demand for MBAs that in the United States, where foreign students find it challenging to get H1 visas, recruiters are finding ways to hire people. Many Western European countries are also becoming hot spots for MBA recruiting.
The UK has the Highly Skilled Migrant Program, a visa system favorable to MBAs of any nationality.
Dominique D’Arcy of Manchester Business School says: ‘Increasingly, the MBA is becoming the mainstream qualification for recruiters in many Western European Countries as has been the case in the US for years.’
The study shows that the demand will continue to grow in 2008. And there seem to be no imminent indicators of a possible drop in demand. Graham Hastie from the London Business School said: ‘99% of the class 2007 had paid summer internships — a record for the school.’
Source: Times of India