your career path

MASTER OF BUSINESS ADMINISTRATION

MORE THAN JUST A QUALIFICATION

An MBA is much, much more than adding three letters to your resume. A Masters in Business Administration trains you on all aspects of business: Finance, Accounting, Human Resources, Marketing, Sales, Operations, Strategic Planning, Leadership, etc. It gives you a condensed tutorial on each aspect of the business, what to expect, and how to speak the language. It also provides training on how to integrate departmental silos into one cohesive activity.

EMPLOYER PERCEPTION OF THE MBA

The Graduate Management Admission Council (GMAC) recently conducted a variety of surveys that delve into the minds of employers and what they think of the MBA. Here’s what they found:

9 out of 10 employers planning to hire MBA graduates are expected to maintain or increase the number of job openings currently present.

There was an increase from 69% to 72% of employers expected to hire MBA graduates in 2015. Salaries are predicted to rise significantly over the next 12 months.

Over half of employers (between 54% to 74%) plan to increase new MBA and business master’s annual base salaries in 2015 at or above the rate of inflation.

Did you know that almost two-thirds (64%) of employers are categorising themselves as in a period of expanding and growing? This means they are likely to hire a greater share of recent graduate business students in 2015.

WHAT’S SO GOOD ABOUT AN MBA ANYWAY?

Everything you learn in the MBA can be used to facilitate company growth; but it is up to you to make it happen. How can you as an individual help to break down the barriers between departments to unite corporate culture and have your leadership teams see eye-to-eye? How can you inspire your peers around you and make your teams work more effectively? These are all the questions you’ll have answers for when you graduate with an MBA, and consequently the same answers that will undoubtedly lead to your inevitable promotion down the line.

Everything you learn in the MBA can be used to facilitate company growth.

Your MBA degree will inspire actions and results that you would not have achieved without it! That’s the true benefit of an MBA.

  • Some 80 percent of business school recruiters plan to hire MBAs in 2014, up seven percentage points from last year and 30 percentage points higher than 2009, in the heart of the economic crisis, when just half of employers hired MBAs.
  • The percentage of employers planning to hire new bachelor’s degree graduates is holding steady, at 74% percent of companies hiring bachelor’s graduates in 2014.
  • 83 percent of employers in Asia-Pacific, 61 percent of European employers, and 86 percent of US employers plan to hire MBAs this year, all increases from 2013.
  • Half of the employers surveyed plan to hire master in management graduates, up from 45 percent past year and 18 percent in 2009.
  • Australia tops the world in salaries paid to MBA graduates with employers paying an average of $US113,100 ($120,229), according to a new survey of more than 4000 employers globally. By comparison, master of business administration graduates in the US earn $US98,300, Germany $US93,700, Japan $US91,000, South Korea $US69,000, China $US67,500 and India $US63,800.

WITH AN MBA YOU CAN…

  • Use your new knowledge as a communication tool to help others, rather than simply ordering your colleagues around.
  • Seek your next promotion, focus on your actions and results, instead of your words.
  • Manage others, teach them a cross-functional approach by following your lead, not your status.