Job market is holding up well
24.12.2014
Unemployment Rate in the United States decreased to 7 per cent, reports the U.S. Bureau of Labor Statistics. The improved job market will very likely hold up for the class of 2014 business school graduates as well, as more than three-quarters of employers that plan to hire business school graduates expect to maintain or increase their hiring from this year.
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According to the poll
- 72 per cent expect to hire MBAs, compared with 71 per cent that hired them this year.
- 81 per cent expect to hire bachelor’s degree holders, compared with 82 per cent that hired them this year.
- 36 per cent expect to hire master of accounting graduates, compared with 35 per cent that hired them this year.
- 35 per cent expect to hire master of finance graduates, compared with 36 per cent that hired them this year.
Between 45 per cent and 58 per cent of employers also plan to increase annual base salaries at or above the rate of inflation. These are the results of a poll amongst employers conducted by the Graduate Management Admission Council, a non-profit education organisation of leading graduate business schools that administers the Graduate Management Admission Test (GMAT).
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