A new report based on the findings of GMAC’s annual Corporate Recruiters Survey does a deep dive on the employability of business school graduates.
By and large, business school candidates’ ultimate goal is not merely to earn a degree, but to leverage that degree to achieve their professional goals. Indeed, employability—the capability to gain initial employment, maintain employment, and obtain new employment if required—is a driving force for many in their decision to pursue graduate management education (GME).
For instance, about 1 in 3 respondents to the mba.com Prospective Students Survey say that what triggered their initial consideration of GME is that they started to look for a new job and realized that they were lacking the knowledge, skills, and abilities to be competitive. About 1 in 5 say they reached a plateau at work, and another 1 in 5 say that they lack the specific knowledge they need to do their current job. These candidates are drawn to GME because they have a reasonable expectation that a graduate business credential will lead to the improved employment outcomes they seek. In fact, more than 7 in 10 candidates say that they expect GME to significantly improve their careers. Whether or not GME will deliver on this promise depends in part on employers’ opinions of business school graduates. Do corporate recruiters think business school graduates are prepared to be successful at their companies?
Survey findings from more than 1,200 respondents to GMAC’s annual Corporate Recruiters Survey detailed in a new report show that employer impressions of recent GME graduates and their potential are overwhelmingly positive. The new report, titled Employability and Business School Graduates: Corporate Recruiters Survey 2019, shows that overall nearly 9 in 10 employers agree that business school graduates are well prepared to be successful at their companies. Just 12 percent disagree, and two percent strongly disagree.
While the overall positive impressions of business school graduates are seen across the sample of corporate recruiters, analysis of survey responses by company world region, company type, industry, and size reveal interesting differences. Generally, larger employers tend to rate recent business graduates’ level of preparedness for success higher than smaller employers. For example, 39 percent of Fortune Global 100 companies strongly agree that business school graduates are well prepared for success in their companies, compared with 12 percent of startups. Additionally, US companies have generally more favorable attitudes about graduates’ future success than European or Asia Pacific employers. By industry, finance, technology, and health care employers tend to have the most confidence in the success of business school graduates.