For the current one the QS Intelligence Unit has surveyed over 4,300 MBA employers.
Here are some of its major findings – the trends that shape the current and future MBA market:
Global MBA hiring
According to the survey there was a 14 per cent increase in MBA job opportunities in 2013. While this is a drop from the 15 per cent growth in 2012, it was still a very positive outcome.
Asia is the world’s most dynamic MBA market, with a 20 per cent growth rate that is mostly driven by China and India. Asia was followed by the Middle East (8 per cent), Latin America (6 per cent), and Central Europe (6 per cent). The market was much less active in North America and Europe, with 2 per cent and 1 per cent growth respectively, but growth across Europe is forecast to accelerate in 2014 as well as in Latin America that had a sustainable growth rate of 6 per cent in 2013, after a year of 14 per cent growth in 2012.
The research also showed that a higher percentage of MBA recruiters are recruiting pan-regionally or globally nowadays. Gone are the days, where employers only looked locally.
MBA career demand in 2013
The fastest-growing sectors are consulting (11 per cent), finance (11 per cent), general industry (11 per cent) and technology (11 per cent). The slowest-growing sectors are media/entertainment, travel/hospitality, metals/mining and pharmaceuticals/healthcare.
Compensation
According to the survey the top ten countries in terms of average MBA compensation in 2013 are Australia (US$133,100), Switzerland (US$129,700), Denmark (US$121,400), UK (US$106,100), France (US$100,800), US (US$98,300), Brazil (US$97,200), Germany (US$93,700), Spain (US$92,900) and Canada (US$91,600).
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