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Business School Review
A review of MBA demand
in North America
In North America, MBA recruiters are back in force. At UCLA this year, nearly 99% of MBA graduates
report job offers, with an average starting salary package of $113K. Around 98% of first year students
at the school sought and secured summer internships, with employers from consulting, investment
banking, entertainment and high-tech industries. Indeed, the last time there was this much
optimism was during the IT/Tech boom. So is this recruiting boom any different from the last?
Where are MBA graduates setting their career sights in 2007? And are the recruiters here to stay?
By Des Dearlove and Spencer Matheson
n the last few years, MBA recruitment has job, but they will get the job they want. Graduate
I
been on a slow burn. "Employment of hiring to date is up 10 per cent over last year."
MBAs is an expensive proposition for After several years where IT firms were the
corporations," says Richard E. Sorensen, fashionable place to work, and then a recruitment
chair of the board at AACSB International. lull, traditional MBA career destinations are
"When the economy slows, MBA recruitment is reasserting their popularity. "Accounting firms are
an area where companies cut back. However, here back in full force, as are some of the consulting
in the United States, the number of recruiters on and financial service firms," says Darby Scism,
campus over the past two to three years has been Director of the F. David Fowler Graduate Career
increasing." Center, at The George Washington University
This year, however, the signs are that the School of Business in Washington DC.
market has finally ignited. Ask business schools in Aside from the more
the US and Canada about the prospects for MBA prospects, as well as traditional destinations
recruitment and the response is overwhelmingly base compensation and
"We have definitely
there are some interesting
positive. Almost all schools report increased bonuses. career trends developing.
recruiter activity on and off campus. It is the same story in
noticed an increase in
“Social entrepreneurship
"There has been a significant increase in Canada. "We have is a growth area. We are
recruiting activity at Fuqua this year," says Erin definitely noticed an
activity from all sectors.
seeing significant growth
Gasch, Associate Director of Marketing and increase in activity in student interest in
Employer Services at Fuqua School of Business, from all sectors. More
More recruiters are
the public sector and
Duke University, North Carolina. "Compared recruiters are looking non-profit space," observes
to last year at this time the total number of for MBAs and recruiters
looking for MBAs
Peter Giulioni, Executive
companies recruiting on our campus is up 28 per have more roles to Director of the MBA
cent, the number of company presentations is up fill," explains Karen
and recruiters have
Career Resource Center
7 per cent, the number of second-year interviews Theriault, Director of the at USC Marshall, Los
for full-time positions is up 13 per cent, and the Corporate Connections
more roles to fill."
Angeles. "It is a nod to the
number of first-year interviews for internships Centre at the Rotman sense of social responsibil-
is up 20 per cent." School of Management, ity that is a very real part of
Many other US schools are reporting an up University of Toronto. "Rotman students have how these students view their post-graduate
tick in the quality and quantity of MBA job increasing confidence that not only will they get a careers." At Columbia Business School, a school
90 TopMBA CAREER GUIDE
www.topmba.com
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