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1、Market IntelligenceJuly 2023Corporate Recruiters Survey2023 Summary Report2 Graduate Management Admission Council(GMAC)Introduction 5Executive summary 7Key findings 8Skills of the future 9Corporate perceptions of GME 17Hiring and compensation 25Conclusion 40Regional profiles 42Degree profiles 50Meth
2、odology 60Respondent profile 62Contributors 63Table of contentsCorporate Recruiters Survey-2023 Summary Report 3With the rise of new technology,hybrid offices,and multinational teamwork,employers are expecting GME graduates to bring forward classic business school capabilities like communication,lea
3、dership,and strategic thinking in new ways.Graduates will need to be able to communicate effectively across cultures and a wider variety of media,lead a multi-generational workforce through uncertain times,and make smart choices to leverage new technology to drive innovation.Employers and prospectiv
4、e GME studentsespecially Generation Zagree that business schools are well-positioned to align their coursework with already-overlapping candidate interests and market demands.The Corporate Recruiters Survey 2023 Summary Report offers schools insights like these into the current needs of the market,r
5、ecruiter perceptions of GME graduates,and employer placements of the latest cohort of GME alumni in the workforce.Joy Jones,GMAC CEO4 Graduate Management Admission Council(GMAC)For more than two decades,the Corporate Recruiters Survey from the Graduate Management Admission Council(GMAC)has provided
6、the worlds graduate business schools and employers with data and insights to understand current trends in hiring,compensation,skill demand,and perceptions of MBA and business masters graduates.This years summary report explores which skills employers think will characterize the future workplaceand h
7、ow prepared they view graduate management education(GME)candidates to beas well as how macroeconomic conditions are influencing hiring and salary decisions across industries and around the globe.GMAC,together with survey partners European Foundation for Management Development(EFMD)and the MBA Career
8、 Services and Employer Alliance(MBA CSEA),conducted the survey from January to March of 2023,in association with the career services offices at participating graduate business schools worldwide.GMAC Research also worked with a market research firm to recruit additional participants to make the overa
9、ll sample more globally representative.IntroductionCorporate Recruiters Survey-2023 Summary Report 52023 Survey Sample Stats1,0283455%2023 survey respondentsCountries of citizenship representedFrom Global Fortune 500About GMACThe Corporate Recruiters Survey 2023 Summary Report is a product of the Gr
10、aduate Management Admission Council(GMAC),a mission-driven association of leading graduate business schools worldwide.GMAC provides world-class research,industry conferences,recruiting tools,and assessments for the graduate management education industry as well as resources,events,and services that
11、help guide candidates through their higher education journey.Owned and administered by GMAC,the Graduate Management Admission Test(GMAT)exam is the most widely used graduate business school assessment.GMAC is dedicated to creating access to and disseminating information about GME.School and industry
12、 leaders rely on the Council as the premier provider of reliable data about the graduate management education industry.In total,1,028 corporate recruiters and hiring managers from staffing firms around the world participated in GMACs 2023 Corporate Recruiters Survey.Respondents came from 34 countrie
13、s providing adequate sample sizes to report details for Africa,Central and South Asia,East and Southeast Asia,Latin America,Middle East,United States,and Western Europe.Global results are weighted by the percentage gross domestic product(GDP)of each world region to adjust for the regional employment
14、 opportunity potential.Group differences significant at the 95 percent confidence interval level are highlighted throughout this report.However,differences that may not be statistically significant yet suggest an interesting trend may be mentioned as well.Additional information on the reports method
15、ology is available on page 60.The first section of this report examines the skills employers say are currently important and will become more important in the next five years,as well as how prepared they believe current GME graduates are to leverage those skills in the workplace.The second section f
16、urther evaluates recruiters perceptions of GME graduates,with particular attention to how online programs and micro-credentials stack up to in-person degrees.The final section explores how unfavorable macroeconomic conditions have influenced hiring and salary plans among businesses.While the body of
17、 the report largely comments on global trends with attention to regional and industry differences,profiles at the end of the report provide specific hiring and salary information relevant to each degree type and world region.6 Graduate Management Admission Council(GMAC)According to more than 1,000 r
18、espondents to GMACs 2023 Corporate Recruiters Survey,business schools are largely on the right track to develop the skills GME graduates currently need in the workforce.Bread-and-butter capabilities like interpersonal skills,communication,and strategy are most in demand.Globally,more than half of em
19、ployers who say these skills are important think that GME graduates are prepared to leverage them in the workplace.In the next five years,employers think the workplace will look increasingly global,hybrid,and dependent on different mediums of effective communication across cultures.To help GME gradu
20、ates succeed,employers dont think business schools need to start teaching a completely different set of skillsinstead,most say skills like communication,data analysis,and strategy will grow in importance for GME graduates in the next five years.The outlook on GME graduates preparedness for mastering
21、 the skills of the future varies by industry and region.Among the majority of finance employers who say communication is a key skill for current graduates,there is much less confidence that GME graduates can deliver on the specific cross-cultural needs that they believe may characterize the future w
22、orkplace.Among the many U.S.recruiters who predict current and growing importance in their organizations communication and technology requirements,the sentiment is that GME graduates could be better prepared across a range of skills to meet the demand.Still,employers overall satisfaction with busine
23、ss school graduates remains high,with 82 percent of employers expressing confidence in GMEs ability to prepare their students for success.Hiring of business school talent in 2022 was proportionally highest in Central and South Asia and East and Southeast Asia,where employers were also most willing t
24、o hire international candidates.Publicly traded companies hired the most business school talent across degree types in 2022,and Fortune 500 companies continue to hold favorable views of GME graduates abilities to be successful and lead in their organizations.Online degrees have lost favor a bit sinc
25、e last year,and their standing remains low in the U.S.Likewise,employers around the world believe talent with a GME degree are more likely to be successful in their organization than employees with micro-credentials only.However,employers tend to be open to hearing specifically about the tangible sk
26、ills online degrees and micro-credentials can impart to their students.Projected salaries for 2023 are highest among U.S.MBAsone of the only degree types expecting a salary bump after accounting for inflation.Employers across industries and regions unsurprisingly report the influence of inflation an
27、d recession risk on their salary and hiring considerations,but most organizations indicated plans to expand and increase their headcount in 2023,including some anticipated growth in business masters hiring compared to 2022 results.Overall,this years results indicate business schools are on the right
28、 track with the skills they are developing among their students.Unfavorable macroeconomic conditions loom,but employers havent given up on plans to hire GME graduates.There is opportunity to keep business school students competitive by deepening the cross-cultural and technological capabilities of g
29、raduatesincluding among specialiststo ensure they can thrive in the future workplace.Executive summaryCorporate Recruiters Survey-2023 Summary Report 7Key findingsSkills of the future Employers say communication,data analysis,and strategy are currently among the most important skills for GME graduat
30、esand most say their importance will continue to grow.Finance employers have concerns about GME graduates preparedness to thrive in the future intercultural workplace,but consulting employers feel more confident.Some tech employers have concerns on the specific cross-cultural competence of GME gradu
31、ates.U.S.employers were more likely than those from other regions to express doubt about graduates preparedness on specific communication and technology skills.Corporate perceptions of GME Employers from Asia and Fortune 500 companies have a more optimistic view of the abilities and advancement pote
32、ntial of GME graduates.U.S.employers are more optimistic when asked about overall confidence in GME graduates ability to be successful.Employers continue to value talent from in-person programs over those with online degrees or micro-credentials only.Hiring and compensation MBA,bachelors,and industr
33、y candidates were most likely to be hired in 2022 compared to those with business masters degrees,and employers from public companies and in Asia had the most demand for talent.Even after accounting for inflation,MBA salaries in 2023 in the U.S.are expected to be higher than 2022 projections,while i
34、ndustry and business masters salaries may drop.Despite reported recession concerns,2023 hiring plans remain optimistic,with some anticipated growth in hiring among business masters compared to actual 2022 results.8 Graduate Management Admission Council(GMAC)Skills of the future Employers are current
35、ly most interested in graduates interpersonal,communication,and strategy skills.Employers predict the skills of the future will be a similar set of skills including communication,data analysis,and strategy,but supported by cross-cultural competence and multilingualism.What skills do employers think
36、are the most important for current GME graduates?What will the workplace look like in five years,and how prepared are current GME graduates to succeed?Employers answers to these questions reveal the need for skills that will allow their employees to thrive in global,hybrid organizations.Some skillsl
37、ike communication,data analysis,and strategywill remain important,but GME graduates will need to deploy them in an ever-changing environment.The outlook among most employers indicates business schools are on the right track preparing their graduates with skills of current and growing importance.Howe
38、ver,employers from key industries like finance and accounting and key labor markets like the United States may need some additional convincing.Finance and tech employers are worried about the preparedness of GME graduates cross-cultural competence,indicating opportunity to equip specialists interest
39、ed in these sectors with intercultural learning opportunities.U.S.employers interested in tech skills highly value their future importance but think GME graduates could be better prepared by business schools on their specific technological capabilities.U.S.employers are also more critical of candida
40、tes preparedness to leverage some important communication skills compared to other regions and think business schools could better build GME graduates intercultural skills,listening and nonverbal communication skills,as well as conflict resolution and negotiation abilities.Corporate Recruiters Surve
41、y-2023 Summary Report 9Program and recruitment takeawaysEmployers say communication,data analysis,and strategy are currently among the most important skills for GME graduatesand most say their importance will continue to grow.Knowing which skills are most in demand among employers is essential to th
42、e preparation of graduate business school talent to be successful in the workplace.Currently,62 percent of employers globally say interpersonal skills are important for GME graduates to possess,59 percent say communication,and 56 percent say strategy and innovation.More than half of employers global
43、ly also indicated data analysis and interpretation;learning,motivation,and leadership;decision-making processes;and general business functions are important skills for current GME graduates in the workforce.This years Corporate Recruiters Survey also asked employers how skills they think are current
44、ly important may change in importance in the next five years,as well as which specific technology and communication skills are most valuable to graduates skillsets following their graduate management education.In Figure 1,skills in the“Future-Oriented”quadrant correspond to skills that most employer
45、s say are important in the short term as well as which skills those employers say will be much or slightly more important in the future.Growth areasSkills employers say arent as important now but will be in the next five yearsFuture-orientedSkills employers say are important now and will continue to
46、 be in the next five yearsLow UtilitySkills employers say arent as important now ant wont gain much relevancemanaging tools&equipmentadministrative activitiesdecision-making processesgeneral business functionshuman capitaldata analysis&interpretationtechnology,software,and programminglearning,motiva
47、tion,&leadershipcommunicationstrategy&innovationbusiness ethicsinterpersonal skillsproduct design&productionmedia communicationsknowledge of human behavior10 Graduate Management Admission Council(GMAC)Figure 1:Employers say communication,data analysis,and strategy skills are important now and will g
48、row to be even more important in the future.Technology,knowledge of human behavior,and media communication skills are expected to grow the most in importance in the next five years.Current importancePercentage of employers who say this skill is important to GME gradsFuture importancePercentage of em
49、ployers who view this skill as much or slightly more important in five yearsCurrent and future importance of key skills for GME graduates0%25%50%75%100%100%75%50%25%0%Overall,employers agreed communication,data analysis,and strategy skills are not just important for graduate business school talent t
50、o master now,but will also grow in importance in the next five years.Graduate business programs may also want to pay particular attention to the skills in the“Growth Areas”quadrantskills that fewer than half of employers globally say their organizations value now,but more than half of those employer
51、s predict will grow in importance soon.Results indicate that although skills like technology,understanding human behavior,and media communications are not as essential now,they may become more valuable to the future workplace.Given the current and future importance of communications and its wide ran
52、ge of associated skills,the survey digs deeper into what specifically recruiters are looking for.The 70 percent of employers globally who indicated communication is currently an important skill for GME graduates were then asked about the importance of several,more specific communication skills liste
53、d in Figure 2.When employers selected which of these specific communication skills they think GME graduates should have,they were also asked how the skills might change in importance in the future.Eighty-one percent of these employers cited cross-cultural competence as becoming much or slightly more
54、 important in the next five years;77 percent cited multilingualism;and 75 percent cited active listening.The growing importance of skills like these indicates employers consider the future workplace to be more intercultural and dependent on different mediums of effective communication.To gain more i
55、nsights into the specific technology skills valued by employers,the survey asked the 62 percent of employers globally who indicated technology,software,and programming are currently important about more specific tech capabilities.These employers were asked to select which tech skills listed in Figur
56、e 3 are important to current GME graduates,as well as how those skills might change in importance in five years.Eighty percent cited Web3,blockchain,and virtual reality(VR)as becoming much or slightly more important;75 percent cited cloud-based technology;and 74 percent selected artificial intellige
57、nce and machine learning.There was not a large difference in how tech-concerned employers view the future importance of these specific skills,meaning there is opportunity for business schools to cultivate a wide range of technological talents among GME graduates.Similar levels of employers across re
58、gions,industries,and organization sizes and types said communication and technology skills will be more important in the next five years.If asked about the specific communication and technology skills shown in Figures 2 and 3,digital communications were top of mind for Western European employers,whi
59、le employers in the U.S.and Central and South Asia reported an increased importance of each of the specific technology skills.Consulting employers value cross-cultural competence as well as specific tech skills like programming,cloud-based technology,and data visualization.Finance/accounting employe
60、rs were concerned with GME graduates current cross-cultural competence,and tech employers were especially preoccupied with GME graduates future competence in AI and machine learning.In summary,employers believe many of the same skills that are currently important for GME graduateslike communication,
61、data analysis,and strategywill grow even more important in the future.But employers also signal graduates skills will need to be deployed in an increasingly global and hybrid environment.As employers predict a growth in technology needs,there is an opportunity for business schools to deepen their st
62、udents capacity to understand and communicate within the changing conditions of the future workplaceeven if many of the skills they need to wield are tried and true.Corporate Recruiters Survey-2023 Summary Report 1112 Graduate Management Admission Council(GMAC)Figure 2:Among employers who view the l
63、isted communication skills as currently valuable,most view intercultural skills as gaining the most future importance.A majority of these employers view all of these communication skills as more important in the future,though writing and nonverbal communication were selected least often.Figure 3:Amo
64、ng employers who view the listed tech skills as currently valuable,most view Web3,blockchain,and VR as gaining the most future importance.A lack of variation across skills indicates most tech-concerned employers view all of these as gaining relevance in the next five years.Future importancePercentag
65、e of employers who view this skill as much or slightly more inportant in five yearsFuture importancePercentage of employers who view this skill as much or slightly more inportant in five yearsFuture importance of communication skillsFuture importance of technology skillsWeb3,blockchain,VRCross-cultu
66、ral competenceCloud-based technologyMultilingualismData visualizationActive listeningAI&machine learningDigital communicationsStatistical analysisVideo conferencingDatabase toolsConflict resolutionProgramming skillsVerbal communicationNegotiatingPresentationNonverbal communicationWriting100%75%50%25
67、%0%100%75%50%25%0%81%77%75%74%74%74%74%73%69%66%62%80%75%74%74%74%73%71%1 Walker.Andrew.“GMAC Prospective Students Survey:2023 Summary Report.”Graduate Management Admission Council,April 2023.Finance employers have concerns about GME graduates preparedness to thrive in the future intercultural workp
68、lace,and U.S.employers question graduates preparedness on some specific tech and communication skills.The previous section focused on which skills employers view as currently or of growing importance among GME graduates.This section details employers perceptions of graduate business school talents p
69、reparedness to deploy those skills in the workforce.About two-thirds of the employers who say communication or technology are currently important think current graduates are prepared to use the skills at work.At a global level,this indicates business schools are largely on the right track with how t
70、hey are preparing their graduates for the current and future workplace;however,there is some industry and regional variation.For example,employers in finance are concerned about GME graduates preparation for the increasingly intercultural workplace,and U.S.employers are less bullish than those in ot
71、her regions about graduates preparedness on some specific tech and communication skills.Eighty-three percent of finance and accounting employers who believe communication is important now also said communication will become much or slightly more important for GME graduates in the next five yearsthe
72、highest proportion of any other industry.Interest in the finance and accounting sector is also growing among prospective GME students,especially Generation Z.Additional analysis was therefore conducted on how these employers currently view GME graduates preparedness across the list of more descripti
73、ve communication skills.After indicating which specific communication skills are currently important to GME graduates,these finance and accounting employers were then asked not only about the future importance of the selected skill,but GME graduates preparedness to use the skill in the workforce.Unf
74、ortunately,fewer than half of these employers believe GME graduates are currently prepared to leverage skills they say are growing in importance to the future intercultural and hybrid workplace,such as cross-cultural competence,multilingualism,and active listening(Figure 4).Most of the finance and a
75、ccounting employers in the sample come from the United States,which may explain some of the pessimism behind candidate preparedness compared to other industries.More on the U.S.perspective is explained later in this section.Corporate Recruiters Survey-2023 Summary Report 1314 Graduate Management Adm
76、ission Council(GMAC)Figure 5:Three-quarters or more of the U.S.employers who said these technology skills are important for current GME graduates said each specific tech skill will also grow in importance.But fewer than half of these U.S.employers believe GME graduates are currently very well or ade
77、quately prepared.*Skill preparedness and change of a skills importance in five years is only asked of employers who indicated a specific tech skill is important to current GME graduates after selecting the broader category“technology,software,and programming”as important from a list of general skill
78、s*Skill preparedness and change of a skills importance in five years is only asked of employers who indicated a specific communication skill is important to current GME graduates after selecting the broader category“communication”as important from a list of general skillsFuture importancePercentage
79、of employers who view this skill as much or slightly more important in five yearsUS tech skill Importance by preparedness0%25%50%75%100%Figure 4:Finance and accounting employers view cross-cultural competence,active listening,and multilingualism as even more important in the futurebut express concer
80、n about GME graduates preparedness.Finance and accounting employers are more confident in verbal and digital communication,presentation,and video conferencing preparedness.PreparednessPercentage of employers who say current GME graduates are very well or adequately preparedFinance/accounting communi
81、cation skills future importance by preparedness100%75%50%25%0%video conferenceingdigital communicationnegotiatingactive listeningwritingconflict resolutionverbal communicationpresentationnon-verbal communicationmultilingualismcross-cultural competenceFuture importancePercentage of employers who view
82、 this skill as much or slightly more important in five yearsPreparednessPercentage of employers who say current GME graduates are very well or adequately prepared0%25%50%75%100%100%75%50%25%0%data visualizationdatabase toolsstatistical analysiscloud-based technologyweb 3,blockchain,VRprogramming ski
83、llsAI&machine learning2 Walker.“GMAC Prospective Students Survey:2023 Summary Report.”If prompted with questions about which specific communication skills are important to current GME graduates,employers in the technology and consulting sectors similarly cited the growing importance of cross-cultura
84、l competence and multilingualism;fortunately,they were a bit more optimistic than their finance and accounting counterparts on GME graduates preparedness.Slightly more than half of these tech employers believe candidates are adequately or very well prepared with multilingual skills,though slightly f
85、ewer than half say their cross-cultural competence is sufficient.Seventy-eight percent of these consulting employers say GME graduates are very well or adequately prepared with their multilingual skills,and 66 percent say their cross-cultural competence is up to par.Consulting and technology are cur
86、rently the top two industries of interest among prospective GME students,so understanding how to best prepare graduate business students for roles in these fields is especially important for business schools.Regionally,more than half of employers who found these specific communication skills importa
87、nt felt current GME graduates were very well or adequately prepared to utilize them in the workforce,with some exceptions.Fewer than half of these employers in Western Europe felt candidates were adequately or well prepared in their cross-cultural competence,and fewer than half of these employers in
88、 the Middle East felt graduates have sufficient nonverbal communication skills.Employers in the United States were most critical of GME graduates preparedness of the listed communication skills,with fewer than half saying graduates are very well or adequately prepared with skills in active listening
89、,nonverbal communication,multilingualism,cross-cultural competence,negotiating,and conflict resolution.On the technology side,62 percent of global employers cited technology,software,and programming as more important in the next five years,and 65 percent described graduates as prepared.A similar 61
90、percent of U.S.employers agreed technology will be more important in the next five years,but only 54 percent of these U.S.employers said GME graduates are adequately prepared.Though this gap is not statistically different from the global average,when these U.S.employers were asked about more specifi
91、c technology skills,they were much more likely than several other regions to cite each skill as more important in the next five yearsand to say GME graduates were not well prepared(Figure 5).Employers in Central and South Asia who say the more descriptive tech skills are important for GME graduates
92、were also more likely than employers in other regions to say they will grow in importance in five years.Unlike in the U.S.,however,more than half of these employers from Central and South Asia felt candidates were very well or adequately prepared across these skills.More than half of employers from
93、other regions concurred that GME graduates are sufficiently prepared across the listed technology skills,with the exception of concerns with AI and machine learning in Latin America and Web3,blockchain,and VR in the Middle East.The overall picture for candidate preparedness to take on the future int
94、ercultural and hybrid workplace is positive.At a global level,most employers think GME graduates are prepared to deliver the most important communication and technology skills of the future.But in finance and accounting,as well as among U.S.employers,employers question graduate business school talen
95、ts preparedness on the necessary cross-cultural or technology skills they need to thrive in the future workforce.Corporate Recruiters Survey-2023 Summary Report 1516 Graduate Management Admission Council(GMAC)The previous sections offered a deep dive into the specific skills employers believe will s
96、hape the workplace in the next five years.This section continues to consider employer perceptions of GME graduates skills,but in the context of how they may fare once graduates are applying for jobs or working at their organizations.According to some employers,a graduate business degree will put emp
97、loyees on the fast track to higher-level positions,while others are not convinced there is a clear difference in the performance of those with a graduate management education and those without.Some are as impressed with online degrees as in-person programs,while others want to understand the specifi
98、c skills online programs or micro-credentials can pass on to their future employees.On the whole,employers tend to believe business school can offer an advantage over talent without a graduate management education,and in-person degree programs better deliver those advantages compared to online progr
99、ams or micro-credentials.Corporate perceptions of GMEProgram and recruitment takeaways Employers in Asia and at Fortune 500 companies tend to have more favorable views of GME graduatesbut also are more likely to recruit more heavily from“leading”business schools.Graduates of online degrees should ta
100、lk about their credentials differently depending on the employeremployers in Asia are more likely to value the degree itself,while U.S.and consulting employers would rather hear about specific skills candidates attained.Micro-credentials in and of themselves are less likely to impress employers comp
101、ared to GME degrees,but some employers appreciate the skills that can be developed when pursuing micro-credentials.Corporate Recruiters Survey-2023 Summary Report 17Employers from Asia and Fortune 500 companies have a more optimistic view of the abilities and advancement potential of GME graduates,e
102、specially compared to U.S.employers and smaller organizations.This years Corporate Recruiters Survey continued to ask employers about their overall perception of GME,particularly regarding the success and advancement of employees with GME degrees.When it comes to employees actual performance,about h
103、alf of employers globally agreed graduate business school talent tend to outperform those without a graduate business degree(Figure 6).Regionally,employers in Central and South Asia and East and Southeast Asia were statistically more likely to agree,while employers in the U.S.were statistically less
104、 likely to differentiate the performance of employees with and without GME backgrounds.Roughly two-thirds of employers from Fortune 500 companies reported employees with GME degrees in their organization tend to outperform employees who did not attend graduate business schoolabout 13 points more tha
105、n the global average.At the same time,only 42 percent of employers from organizations outside of the Fortune 500 and 100as well as 27 percent of employers from organizations smaller than 100 employeesreport differentiating performance between employees with and without graduate business degrees.Thes
106、e trends are consistent with previous years findings that smaller and less prominent organizations are less likely to report seeing the benefits of GME among their employees.Employers from Fortune 500 and 100 companies,as well as employers in Central and South Asia and East and Southeast Asia,are mo
107、re likely to report that they recruit primarily from“leading”business schools,which may influence their perception of those GME graduates abilities to perform and lead in their organizations.18 Graduate Management Admission Council(GMAC)Corporate Recruiters Survey-2023 Summary Report 19Figure 6:Empl
108、oyers in Asia and the Middle East are more likely to agree employees with GME degrees perform better than those who do not have degrees.Employers in the United States and Africa are less likely to agree.Figure 7:Employers in Asia and the Middle East are most likely to say business school helps advan
109、ce employees to higher-level positions.Employers in the United States were least likely to connect GME to fast-tracked promotions.Western EuropeUnited StatesMiddle EastMexico,Caribbean,and Latin AmericaEast and South East AsiaCentral and South AsiaAfrica GlobalAgreement with the statement:Business s
110、chool graduates tend have a fast-track to upper-level positions in my organizationAgreement with the statement:Business school graduates tend to outperform other employees in my organization0%25%50%75%100%Western EuropeUnited StatesMiddle EastMexico,Caribbean,and Latin AmericaEast and South East Asi
111、aCentral and South AsiaAfrica Global0%25%50%75%100%55%62%44%77%56%72%78%63%60%30%27%38%19%35%23%18%35%30%16%11%18%3%9%6%4%2%10%17%16%6%9%10%16%12%47%19%40%24%12%42%34%36%65%55%67%78%42%54%*Figures may not add up to 100%due to rounding*Figures may not add up to 100%due to roundingAgree or strongly ag
112、reeNeither agree nor disagreeDisagree or strongly disagreeAgree or strongly agreeNeither agree nor disagreeDisagree or strongly disagreeIn addition,similar proportions of employers in the Fortune 500 portion of the sample come from the U.S.and East and Southeast Asia,perhaps roughly equalizing their
113、 relatively pessimistic and optimistic views,respectively.Similarly,a large part of the sample of employers from organizations with fewer than 100 people also come from the United States,perhaps influencing their reported sentiments toward GME graduates.This indicates some variation within the U.S.p
114、ortion of the sample as well,with U.S.perspectives potentially shifting based on an organizations size or prominence.When it comes to career advancement,similar patterns emerge.Asian employers are statistically more likely to report fast-tracking GME graduates to higher-level positions,while U.S.emp
115、loyers are statistically less likely to report this practice(Figure 7).Like perceptions of GME graduates performance,70 percent of employers from Fortune 500 companies report business school graduates tend to have a fast-track to leadership.Meanwhile,51 percent of employers from outside Fortune 500
116、companies and 35 percent of employers from organizations smaller than 100 employees report a fast track to leadership in their organizationsstatistically less than the global average.Again,the composition of the sample may be influencing these trends among different organization types and sizes.Over
117、all,employer perception of GME graduates performance and advancement potential remains positive and consistent with previous years trends.Like on other dimensions of skill preparedness,U.S.employers have a less optimistic view,especially when compared to employers from Asia.It is important to note,h
118、owever,that U.S.employers are not all doom and gloom.Eighty-five percent of U.S.employers report being confident or highly confident in GME graduates ability to be successfulmore than employers in East and Southeast Asia,Western Europe,the Middle East,and Latin America.U.S.employers perceptions of G
119、MEtaken together with their cautious approach to deeming GME graduates very well or adequately prepared across several technological and communication skills discussed in the prior sectionsignals a high bar to clear,but also a path forward for business schools and their students.20 Graduate Manageme
120、nt Admission Council(GMAC)Employers continue to value candidates and employees from in-person programs over those with online degrees or micro-credentials.Compared to last year,global employers are a couple points less likely to view graduates of online and in-person programs equally in their organi
121、zation.Globally,approximately half of employers say their organizations value online and in-person degrees equally(Figure 8).However,nearly two-thirds of employers also report talent from in-person programs tend to have stronger leadership,communication,and technical skills than those from online pr
122、ograms.This inconsistency between overall perception of online degrees and the skills they impart is observed at the regional level,too.Employers from Africa,Latin America,the Middle East,and Western Europe do not statistically deviate from the global trend(except on the perception that in-person ca
123、ndidates have stronger leadership and communication skills,which employers from the Middle East are more likely to agree with and Western European employers are less likely to agree with).Corporate Recruiters Survey-2023 Summary Report 21Figure 8:About half of employers view online and in-person deg
124、rees equally,though most tend to believe employees from in-person programs have stronger leadership,communication,and technical skills.This indicates some employers say they value online and in-person degrees equally but actually think in-person degrees equip graduates with stronger skills.My organi
125、zation values graduates of online or predominantly online and in-person programs equally.Employees with a graduate business degree from a fully in-person program are more likely to have strong technical skills than those with a degree from an online or predominantly online program.Employees with a g
126、raduate business degree from a fully in-person program are more likely to have strong leadership and communication skills than hose with a degree from an online or predominantly online program.Agree or strongly agreeNeither agree nor disagreeDisagree or strongly disagreeEmployer agreement with state
127、ments about online programs0%25%50%75%100%54%29%18%11%29%60%64%25%10%*Figures may not add up to 100%due to roundingHowever,employers from Asia and the United States statistically deviate from the global average in most regards(Figure 9).Ninety percent of employers from Central or South Asia and 71 p
128、ercent from East and Southeast Asia report valuing online and in-person degrees equally.However,about three-quarters of employers from both regions also report valuing the leadership,communication,and technical skills of in-person graduates over those of online graduates.In other words,employers in
129、Asia say they value online and in-person degrees equally but believe graduates of in-person programs attain stronger skills than those with online degrees.Meanwhile,the opposite trend is occurring in the United States.U.S.employers view of leadership and communication skills is more in line with the
130、 global average,which tends to agree in-person programs impart these skills more effectively.However,only 27 percent of U.S.employers say they value online and in-person degrees equally at their organization,down even from 29 percent last year.While U.S.employers indicate that they value in-person d
131、egrees over online degrees overall,only 43 percent say they value the technical skills of in-person graduates over online graduatesabout 17 points below the global average,and 39 points below the view of Central and South Asian employers.This signals that while U.S.employers say they prefer in-perso
132、n degrees,they are ambivalent about the source of talents technical skills.22 Graduate Management Admission Council(GMAC)Figure 9:U.S.employers are less likely to say they value in-person and online degrees equallybut tend to be ambivalent about the source of talents technical skills.In Asia,employe
133、rs say they value online and in-person degrees equally,but they also believe in-person programs equip their graduates with better leadership,communication,and technical skills.Agree or strongly agreeNeither agree nor disagreeDisagree or strongly disagreeAgreement with the statement:My organization v
134、alues graduates of online or predominantly online and in-person programs equallyUnited StatesEast and Southeast AsiaCentral and South Asia0%25%50%75%100%27%71%90%37%19%2%36%11%8%Agreement with the statement:Employees with a graduate business degree from a fully in-person program are more likely to h
135、ave strong leadership and communication skills than those with a degree from an online or predominantly online programUnited StatesEast and Southeast AsiaCentral and South Asia0%25%50%75%100%58%74%80%30%18%12%12%8%8%Agreement with the statement:Employees with a graduate business degree from a fully
136、in-person program are more likely to have strong technical skills than those with a degree from an online or predominantly online programUnited StatesEast and Southeast AsiaCentral and South Asia0%25%50%75%100%43%72%82%39%21%12%18%7%6%*Figures may not add up to 100%due to roundingAt the industry lev
137、el,consulting firms tend to follow U.S.patterns.Only 32 percent of consulting employers view online and in-person degrees equally,and fewer than half say in-person graduates bring more technical skills to their work than online graduates.Like with U.S.employers,this is an opportunity for business sc
138、hools and GME graduates to convey their tangible skills to consulting employers,who are more likely to want to hear about graduates technical capabilities compared to employers in other industries.When it comes to micro-credentials,most employers across industries,regions,and company size(with the e
139、xception of organizations with fewer than 100 people)tend to agree that talent with micro-credentials only are less competitive than those with business degrees(Figure 10).Employers also tend to agree that actual employees with a graduate business degree are likely to be more successful in their org
140、anization than those with micro-credentials only.However,employers in the U.S.,as well as employers from outside of Fortune 500 and 100 companies,tend to report more favorable views of micro-credentials among their employees compared to the global average.This finding is perhaps consistent with some
141、 employers view of online learningthat they are especially interested in hearing about the tangible skills someone can learn when attaining micro-credentials.As alternatives to traditional in-person business degrees enter the market,employers are weighing their value.The composition of online degree
142、s has shifted dramatically in the past couple of years,but employer perceptions have not necessarily followed at the same pace.Because of that,some employers,like those in Asia,have a positive perception of online degrees in general.Others,like those in the U.S.or at consulting firms,may be more lik
143、ely to value the technical skills GME graduates learn in online programs.Corporate Recruiters Survey-2023 Summary Report 23Figure 10:Employers view candidates and employees with business degrees to be more competitive and successful than those with micro-credentials only.The perceived value of in-pe
144、rson degrees over micro-credentials only is roughly similar for both candidates applying to organizations and actual employees of organizations.Employees with a graduate business degree are more likely to be successful in my organization than those with micro-credentials only(such as a professional
145、certificate).Candidates with a graduate business degree are more competitive than those with micro-credentials only(such as a professional certificate).Employer agreement with statements about micro-credentials0%25%50%75%100%Agree or strongly agreeNeither agree nor disagreeDisagree or strongly disag
146、ree62%66%27%24%11%10%*Figures may not add up to 100%due to rounding24 Graduate Management Admission Council(GMAC)Macroeconomic conditions have not been favorable for businesses across sectors and around the globe.Most employers report at least some influence of recession risk or inflation on their h
147、iring and salary projections for 2023.With the exception of U.S.MBAs,employers expect most GME graduates to see a nominal or real decrease in their median starting salaries compared to last years projections.Employers may also be rethinking their benefits packages and international hiring practices
148、to reduce costs.Still,hiring patterns in 2022 were close to the previous year,and projected hiring remains optimistic for 2023.Hiring and compensationProgram and recruitment takeaways In 2022,for-profit publicly traded companies demonstrated the most demand for business school talent,including acros
149、s different degree types.In 2022,hiring of candidates with citizenship outside of an organizations country of operation increased in Central and South Asia and East and Southeast Asia and decreased in the United States compared to 2021.Among business masters degrees,Master of Data Analytics graduate
150、s were most hired in Central and South Asia,Latin America,and the United States in 2022.The Master in Management was the most hired business masters degree in Africa,East and Southeast Asia,the Middle East,and Western Europe in 2022.Despite inflation,MBA graduates in the U.S.are still projected to g
151、et a raise in 2023.In 2023,employers anticipate similar nominal or real dips in the salaries of job candidates with bachelors degrees or industry experience compared to business masters talent,indicating the influence of broader macroeconomic headwinds over specific degree devaluation.In 2023,employ
152、ers anticipate some growth in hiring of business masters talent compared to 2022 results.Corporate Recruiters Survey-2023 Summary Report 25MBA,bachelors,and industry candidates were most likely to be hired in 2022 compared to those with business masters degrees,and employers from public companies an
153、d in Asia had the most demand for talent.In the 2023 Corporate Recruiters Survey,respondents reported actual hiring outcomes from 2022.Employers shared whether their hiring of GME graduates increased,stayed stable,decreased,or did not happen.Overall,hiring was highest among MBAs and experienced indu
154、stry candidates who are likely to have capabilities that appeal to a wider range of company types.These candidates fared best across regions,and Master in Management and Master of Data Analytics graduates had the most success among specialized masters programs.Large,publicly traded companies hired m
155、ore GME graduates across degree types compared to other private,nonprofit,and government organizations.26 Graduate Management Admission Council(GMAC)Figure 11:MBA graduates continue to be most in demand among global employers compared to candidates with business masters or bachelors degrees.GME grad
156、uates all saw a small dip in hiring from 2021 to 2022 while hiring among experienced industry candidates increased somewhat,though all changes are within the margin of error.Year-over-year hiring by degree typeMBAMaster in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster
157、 of Business AnalyticsBachelorsExperienced from industry100%80%60%40%20%0%91%91%82%87%86%88%84%78%78%77%77%74%74%74%72%72%20212022Compared to 2021,hiring has decreased somewhat across degree typesincluding among candidates with bachelors degrees only(Figure 11).Only hiring of candidates with experie
158、nce coming direct from industry increased in 2022,though none of these shifts are statistically significant.MBAs had the most hiring success in 2022,followed by industry and bachelors candidates.When examining hiring across regions,MBAs continue to be the most competitive of GME degrees(Figure 12).H
159、owever,a greater percentage of employers hired industry candidates compared to MBAs in Africa,Central and South Asia,East and Southeast Asia,and the United States in 2022.Job candidates with business masters degrees fared differently by region.Master of Data Analytics graduates had the most hiring s
160、uccess of business masters degrees in Central and South Asia,Latin America,and the United States.The Master in Management graduates were the most hired business masters in Africa,East and Southeast Asia,the Middle East,and Western Europe.Corporate Recruiters Survey-2023 Summary Report 27Figure 12:In
161、 2022,GME graduates were hired at the greatest rate in Central and South Asia,and business masters candidates continue to make up a fraction of U.S.hiring compared to MBAs.Master in Management graduates were hired more than other business masters candidates globally in 2022,driven by employers in Af
162、rica,East and Southeast Asia,the Middle East,and Western Europe.*Darker shading indicates a higher percentage of employers who hired a particular degree type DegreeMBAMaster in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced fro
163、m industryGlobal91%78%72%74%74%72%84%88%Africa88%82%81%77%68%74%86%90%Central&South Asia92%90%92%94%98%92%88%94%East&Southeast Asia92%88%83%84%81%83%88%91%Mexico,Caribbean,&Latin America94%85%70%79%90%76%82%90%Middle East 97%79%71%70%70%75%72%93%United States86%42%42%42%56%48%91%88%Western Europe91%
164、89%78%83%79%74%82%87%28 Graduate Management Admission Council(GMAC)Figure 13:Compared to 2021,more employers in Asia and Africa offered legal assistance to candidates with citizenship from outside of the organizations operating country in 2022;other regions dropped assistance.Employers in the United
165、 States and Latin America were least likely to hire international candidates in 2022.Figure 14:GME graduates across degree types were hired most by employers from for-profit,publicly traded organizations in 2022.MBAs fared the best among GME degree types,especially in nonprofit and government organi
166、zations.*Darker shading indicates a higher percentage of employers who hired a particular degree type MBAMaster in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industryGlobal91%78%72%74%74%72%84%88%For-profit,private88%7
167、7%72%74%74%72%86%90%For-profit,public96%81%78%79%83%77%88%93%Nonprofit85%67%53%57%62%60%76%82%Government92%67%58%60%64%55%85%84%AfricaCentral and South AsiaEast and Southeast AsiaMexico,Caribbean,and Latin AmericaMiddle EastUnited StatesWestern Europe100%75%50%25%0%44%46%43%39%52%55%62%62%65%73%71%7
168、0%81%86%Employers who offered legal documentation to candidates from outside the country20212022The high levels of hiring across GME degree types in Central and South Asia as well as East and Southeast Asia are evident as these employers continue to hire international candidates as well(Figure 13).I
169、n 2022,employers in these regions were the most likely to offer legal documentation when hiring candidates with citizenship from outside their organizations operating country.Employers in Asiaalong with those in Africawere more likely to hire international candidates in 2022 compared to 2021.Meanwhi
170、le,international hiring decreased from 2021 to 2022 in Europe,the United States,Latin America,and the Middle East,where organizations may have been more content to rely on domestic talent amid economic uncertainty.In 2022,publicly traded for-profit companies were the most likely to hire GME graduate
171、s compared to other company types(Figure 14).Private for-profit companies also hired high levels of GME graduates,while nonprofit and government employers were much more likely to hire MBAs than graduates of business masters programs.In industries important to prospective students,MBA,bachelors,and
172、industry candidates were most in demand(Figure 15).Despite layoffs,tech companies report hiring business school graduates from across degree types in 2022.However,these employers report more steady hiring compared to 2021,indicating a slow in their growth.Moreover,their reported hiring is not necess
173、arily greater than the headcount that was lost during the sector-wide layoffs.Around two-thirds of finance and accounting employers reported hiring candidates with masters degrees in those fields,though their demand was highest for bachelors candidates.Their hiring of MBA and industry candidates was
174、 also highabout three quarters reported hiring these types of applicantsbut more subdued compared to other industries.Consulting employers were less likely to hire business masters candidates,preferring MBAs,industry,and bachelors candidates.In sum,hiring for GME talent in 2022 lagged a bit compared
175、 to 2021,though the difference is within the margin of error.In 2022,MBAs fared well across industries and regions.Among business masters graduates,Master in Management and Master in Data Analytics talent were the most competitive across regions.Regionally,demand for any GME talent was high in Asia,
176、including for candidates with citizenship from outside an organizations operating country.Demand for international talent was lowest in the U.S.in 2022,declining a couple points since 2021.GlobalFinance/accountingConsultingTechnologyCorporate Recruiters Survey-2023 Summary Report 292022 Hiring in Ke
177、y IndustriesFigure 15:In 2022,the tech sector hired across GME degree types,while consulting firms preferred generalist talent,and finance and accounting organizations sought some specialist skills.Across industries,MBA,bachelors,and industry talent were most in demand in 2022.*This figure combines
178、reported higher-than-expected,stable,and lower-than-expected hiring to determine a total percentage of employers who hired a particular degree type in each year MBAMaster in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from i
179、ndustry0%25%50%75%100%91%91%91%90%92%89%83%87%88%77%75%75%75%75%95%71%72%74%37%48%55%52%45%70%61%63%66%40%78%78%54%46%Even after accounting for inflation,employers project higher 2023 MBA salaries in the U.S.compared to 2022 projections but a drop in industry and business masters salaries.In additio
180、n to reporting actual 2022 hiring results,survey respondents were asked to predict salary and compensation trends for 2023.As organizations contend with inflation,looming recession,and continued geopolitical challenges,projected salary and compensation packages have shifted somewhat compared to 2022
181、 estimates.The sentiment among employers remains positive69 percent of employers say employees with GME degrees tend to earn more at their companies than others,which is largely consistent across region,industry,and company size.MBAs,especially in the U.S.,have been less affected by changes in emplo
182、yee compensation plans compared to those with more specialized masters degrees.The estimated 2023 median salary for U.S.MBAs increased compared to 2022 projections,while predicted salaries for masters graduates in 2023 dropped from 2022s projections.In 2022,employers predicted U.S.MBAs would be offe
183、red the same median starting salaries as those with experience coming direct from industry and those with a Master of Data Analytics.Compared to these 2022 projections,MBAs are estimated to receive a nominal$10,000 increase in 2023,while U.S.employers project a$10,000 salary decrease among those dir
184、ect from industry;a$20,000 decrease among those with masters degrees in management,accounting,finance,and business analytics;and a$30,000 decrease among Master of Data Analytics hires.Projected bachelors degree salaries have remained steady since employer estimates in 2022,though the real value of a
185、ll these salaries in 2023 is likely to further decrease due to inflation.Leveraging the U.S.Bureau of Labor Statistics Consumer Price Index Inflation calculator,a$115,000 salary in February 2022 equates to about$122,000 in February of 2023,meaning employers are predicting U.S.MBAs will receive a mod
186、est salary bump even after accounting for inflation.However,these year-over-year changes in projections are not statistically significant(with the exception of the Master of Business Analytics),meaning 2023 salary estimates may not have meaningfully changed since 2022.Importantly,there are limitatio
187、ns to these starting salary estimates.Perhaps most consequentially,starting salary is not necessarily the best measure of the value of a GME degree compared to lifetime earnings.Georgetown Universitys Center on Education and the Workforce“The College Payoff”study continues to show that median earnin
188、gs rise with each additional level of education.The salaries are also estimates,in both the literal and methodological sense.On the one hand,survey respondents offered their best approximation of base salary(no benefits)at$10,000 increments;on the other,there is also some expected variation between
189、the sample and the population that is accounted for in part with the 95%confidence interval error bars in Figure 16.30 Graduate Management Admission Council(GMAC)3“CPI Inflation Calculator”(2023).U.S.Bureau of Labor Statistics.https:/www.bls.gov/data/inflation_calculator.htm.4 Carnevale,Anthony P.,B
190、an Cheah,Emma Wenzinger.“The College Payoff:More Education Doesnt Always Mean More Earnings.”Georgetown University Center on Education and the Workforce,2021.https:/cew.georgetown.edu/cew-reports/collegepayoff2021/.Corporate Recruiters Survey-2023 Summary Report 31Figure 16:2023 salaries are expecte
191、d to be highest among MBAs headed to U.S.companies.In 2023,employers predict most candidates with business masters degrees can earn more than those with just bachelors degrees but less than those with experience from a particular industry.*Employers were asked to estimate the average base annual sta
192、rting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in the upcoming year The error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significa
193、nt difference$150,000$125,000$100,000$75,000$50,000$25,000$0Estimated median US starting salaries(2022 and 2023 projections)MBAMaster in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry$125K$105K$105K$105K$105K$85K$
194、85K$85K$85K$95K$75K$75K$75K$115K$115K$115K20222023From 2022 to 2023,projected salaries in Western Europe,Africa,and Latin America remained largely steady.There were modest drops in East and Southeast Asia,as well as modest increases in Central and South Asia and the Middle East.More detailed salary
195、information is available in the degree and regional profiles at the end of the report.There has also been a year-over-year shift in how employers around the globe plan to offer benefits.Compared to 2022,more employers expect to offer signing bonuses,while fewer employers plan to offer professional d
196、evelopment,educational assistance,and student loan assistance(Figure 17).Despite this years dip,estimated levels of loan assistance have seen the most growth since 2019,while the level of employers expecting to offer professional development has returned to pre-pandemic 2019 levels.Organizations may
197、 be tightening their belts by reducing programmatic and long-term benefits compared to more flexible,one-time bonuses that can still help them stay competitive while the economic outlook remains uncertain.Professional developmentEducational assistanceSigning bonusLoan assistance32 Graduate Managemen
198、t Admission Council(GMAC)Figure 17:More companies plan to offer sign-on bonuses in 2023 compared to 2022,while the number of companies planning to offer other benefits decreased compared to their 2022 projections.Professional development benefits largely returned to estimated 2019 levels after growt
199、h over the pandemic times,though this remains the most popular type of employee benefit.Projected benefit offerings among global employers100%75%50%25%0%20022202362%34%47%55%Employers in Central and South Asia,Latin America,and Africa report the most impact of inflation on their salary de
200、cisions(Figure 18).Only about one-third of U.S.employers report major or moderate impact on their salary decisions.Despite having one of the more pronounced drops in estimated median starting salaries in 2022 compared to other regions,U.S.employers do not report being as impacted by these macroecono
201、mic conditions,indicating other factors may have influenced their 2023 salary projections.For-profit organizations,which historically have greater demand for GME talent,were also more likely than nonprofit and government employers to report a major or moderate impact of inflation on salaries.Corpora
202、te Recruiters Survey-2023 Summary Report 33Figure 18:Employers in Central and South Asia,Latin America,and Africa were most likely to report major or moderate concern about inflation on their salary decisions.Employers in the Middle East,United States,and East and Southeast Asia feel less acute infl
203、uence of inflation on their salary decisions.0%25%50%75%100%Western EuropeUnited StatesMiddle EastMexico,Caribbean,and Latin AmericaEast and South East AsiaCentral and South AsiaAfrica Influence of inflation on salary decisionsMajor or moderate influenceSomewhat or minor influenceNo influence43%34%2
204、6%51%32%63%51%45%52%68%35%57%31%37%11%14%7%15%12%6%12%*Figures may not add up to 100%due to roundingAlthough employers report recession concerns,their 2023 hiring plans remain optimistic,with some anticipated growth in business masters hiring compared to actual 2022 results.Employers from across ind
205、ustries and around the globe report the influence of recession risk and inflation not just on their estimated salary decisions,but on their 2023 hiring projections as well.However,unlike estimated salaries,which are mostly predicted to lose some value in 2023,employers are a bit more optimistic abou
206、t hiring trends for 2023.Most employers across several industries report wanting to increase their headcount,and nearly all organizations are looking to increase or stabilize their size.Hiring projections in key industries look similar to 2022s actual hiring results,though are a bit less optimistic
207、than 2022 projections.Employers are likely to place graduates of specialized masters into corresponding roles,and business masters talent is anticipated to get a small bump in hiring in 2023.Across industries,employers reported some level of concern about the risk of recession.While layoffs in the t
208、echnology sectorwhich were ongoing as the Corporate Recruiters Survey ran from January to March of 2023disproportionately impacted software engineers,employees with more traditional business backgrounds such as recruiters,coaches,product managers,and marketing staff have also been affected.Thus,it i
209、s not surprising that employers in the tech industry were the most likely of any industry to report major or moderate influence of recession risk on their projected hiring decisions for 2023(Figure 19).5 Molla,Rani.“Tech companies are finally firing tech workers.”Vox,April 21,2023.34 Graduate Manage
210、ment Admission Council(GMAC)Figure 19:The tech industry reports the most major or moderate influence of recession risk on their projected hiring decisions in 2023.Employers in health care and pharmaceuticals report the least acute influence.Influence of recession risk on hiring decisionsMajor or mod
211、erate influenceSomewhat or minor influenceNo influenceProducts/ServicesManufacturingTechnologyHealth care/pharmaceuticalFinance/accountingEnergy/utilitiesConsulting0%25%50%75%100%31%38%43%29%37%31%40%59%50%43%62%48%52%47%10%13%13%9%15%17%13%*Figures may not add up to 100%due to roundingMoreover,desp
212、ite the reported concern of recession,nearly half of tech employers still anticipate increasing their headcount in 2023(Figure 20).Likewise,more than half of employers in the consulting,products/services,and energy/utilities sectors anticipate expanding their headcount.Though the large majority of o
213、rganizations across industries report expanding or stable hiring,anticipated decreases in headcounts are largest in key industries like finance/accounting and tech.Like in the technology space,the finance sector was also facing industry-wide layoffs and challenges at the time of the survey.6 Son,Hug
214、o.“Wall Street is Cutting More Jobs as Morgan Stanley plans 3,000 layoffs.”CNBC,May 2,2023.https:/ Recruiters Survey-2023 Summary Report 35Industry plans for increasing headcount in 2023Figure 20:More than half of employers are looking to expand headcount in the consulting,products/services,and ener
215、gy/utilities sectors in 2023.Finance and accounting employers are most likely to decrease headcount in 2023,while health care and pharmaceutical employers are most likely to remain stable.Products/ServicesManufacturingTechnologyHealth care/pharmaceuticalFinance/accountingEnergy/utilitiesConsulting0%
216、25%50%75%100%Increase headcountRemain stableDecrease headcount55%50%49%42%47%61%56%40%47%43%53%41%39%43%5%4%8%6%12%1%*Figures may not add up to 100%due to roundingFigure 21:MBAs continue to be the most in-demand degree type in 2023 across industries,except for the demand for bachelors candidates in
217、the finance/accounting sector.Among business masters degrees,accounting graduates will be in demand in the finance and accounting sector,while data analytics talent will fare well in the tech space.To dig deeper,Figure 21 depicts hiring plans for 2023 across several key industries where prospective
218、GME students indicated they hope to work after graduation.Like in 2022s actual hiring results,MBAs continue to be the most in-demand GME degree type across industries.Bachelors,MBAs,and accounting graduates are anticipated to be most in demand among finance and accounting companies in 2023.Tech cont
219、inues its interest in hiring widely across degree types,but with a particular focus on MBAs,bachelors,and industries hires.And like what occurred in 2022,consulting firms also plan to hire a larger proportion of MBA,bachelors,and industry talent.Globally,employers estimated 2023 hiring plans are a b
220、it less optimistic than 2022 projections,though generally reflect 2022 actual hiring results(Figure 22).Hiring projections for 2022 proved to be somewhat hopeful compared to the actual hiring results,which employers appear to be correcting in their 2023 estimates.Compared to 2022 results,employers a
221、re projecting a small hiring increase among business masters and bachelors talent in 2023.Employers are also estimating a one-point dip in MBA and industry hiring,though MBAs remain the most in-demand hires along with bachelors graduates.7 Walker.“GMAC Prospective Students Survey:2023 Summary Report
222、.”GlobalFinance/accountingConsultingTechnology36 Graduate Management Admission Council(GMAC)*This figure combines plans to hire more,stable,or fewer GME graduates to determine a total percentage of employers who plan to hire a particular degree typeMBAMaster in ManagementMaster of AccountingMaster o
223、f FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry2023 Projected hiring in key industries0%20%40%60%80%100%90%90%79%79%79%79%78%74%87%87%81%82%53%54%57%56%78%78%78%42%62%62%63%67%66%35%75%92%93%93%95%90%Corporate Recruiters Survey-2023 Summary Report 37Fi
224、gure 22:Employers 2023 hiring projections are a bit more conservative than 2022 estimates,though generally in line with actual 2022 hiring results.Compared to actual 2022 hiring results,employers are anticipating a small rise in hiring across business masters talent.100%75%50%25%0%MBAMaster in Manag
225、ementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry90%91%78%72%74%75%83%88%71%90%91%79%79%79%78%75%85%85%86%87%87%87%84%93%Projected 2023 HiringActual 2022 HiringProjected 2022 hiringProjected 2022 and 2023 Hiring vs Actual
226、 2022 HiringEmployers who indicated they plan to hire from a particular degree program in 2023 were then asked in which job functions that GME graduate might be placed in 2023.Unsurprisingly,these employers projected hiring specialized masters graduates in corresponding fields(Figure 23).More than h
227、alf of employers say they would place Master in Management graduates in general management roles;62 percent would place Master of Finance graduates in finance roles;57 percent of employers would hire Master of Accounting graduates for accounting jobs;and 55 percent of employers say they would hire M
228、aster of Data Analytics talent in data science jobs.MBAs have more of a spread in the kinds of job functions employers want to hire them for in 2023.Forty-seven percent of employers would place their MBAs in strategy and innovation roles,45 percent in consulting jobs,and 44 percent in marketing.In s
229、um,macroeconomic conditions like inflation and recession have not dampened hiring projections among employers for 2023.Many organizations across industries plan to increase their headcount in 2023,even in industries like technology and finance/accounting,where there have been sector-wide layoffs.The
230、re do not appear to be many dramatic shifts in industries hiring plans across degree types compared to their actual hiring rates in 2022.Business masters graduates are expected to see some growth in hiring in 2023,and employers are likely to place them in corresponding specialist roles.38 Graduate M
231、anagement Admission Council(GMAC)Corporate Recruiters Survey-2023 Summary Report 39Figure 23:Graduates of specialized masters programs are projected to land jobs in the corresponding job function in 2023.Employers are most likely to hire MBAs in strategy/innovation,consulting,and marketing roles.*Da
232、rker shading indicates a higher percentage of employers who hired a particular degree type MBAMaster in ManagementMaster of FinanceMaster of AccountingMaster of Data AnalyticsMaster of Business AnalyticsAccounting34%30%39%57%20%12%Budget Analyst23%29%39%30%33%19%Business Development/Sales40%38%30%24
233、%23%25%Business Intelligence/Analytics34%27%28%23%43%37%Client/Customer Relationship Management38%44%23%25%21%19%Communications41%40%22%19%21%15%Consulting45%37%27%26%29%23%Data Science26%20%22%24%55%27%Finance32%26%62%38%17%13%General Management42%53%20%22%17%16%HR/Organizational Management37%45%21
234、%24%21%16%Information Technology/MIS30%26%18%22%47%23%Market Research36%31%24%20%33%29%Marketing44%37%25%22%22%23%Operations/Logistics/Supply Chain Management39%42%24%23%29%21%Product Management37%48%23%23%22%20%Project Management40%46%23%25%25%23%Research and Development32%35%26%22%38%25%Strategy/I
235、nnovation47%38%27%25%34%28%ConclusionAccording to this years survey results,employers believe the future workplace will require some of the same skills organizations have always needed from business school graduatesbut wielded in an increasingly global and hybrid environment.Communication,data analy
236、sis,and strategy skills are key,and employers are collectively pleased with how business schools prepare their students with these abilities.But finance and tech employers are worried about how GME graduates will perform cross-culturally,and U.S.employers lack confidence in some of the specific comm
237、unication and tech skills they believe will become even more important in the next five years.This means theres opportunities for business schools to better prepare their studentsincluding their specialistswith critical intercultural and technological capabilities.Employers remain confident in gradu
238、ate business school talents ability to succeed and advance in their organizations.Fortune 500 companies as well as employers in Asia are particularly bullish about GME graduates capacity to outperform employees without GME degrees,while employers in the United States signal a higher bar for satisfac
239、tion on GME graduates preparation and output in the workplace.Employers globally continue to value in-person programs over online degrees or micro-credentials,though U.S.recruiters are more ambivalent about the cultivation of technical skills among in-person or online programs.Business schools with
240、online programs,along with their graduates,can therefore stress their technical skills to future employers,at least in the United States.Employers positive perception of GME graduates translated to a relatively stable year of hiring in 2022.Hiring of international talent was highest and growing in A
241、sia and lowest and shrinking in the United States.In 2023,employers anticipate the influence of recession risk and inflation on their hiring and salary decisions.MBAs are expected to receive a small salary boost in 2023 compared to 2022 estimates,and their projected hiring is roughly stable for 2023
242、.Business masters degreesin addition to bachelors and industry hiresare expected to receive a pay cut compared to last years projections;however,business masters graduates are projected to see a small boost in hiring in 2023 compared to 2022 actual hiring results.As employers continue to face macroe
243、conomic headwinds,their hiring optimism,combined with their confidence in GME graduates skills of current and growing importance,indicates business schools are on the right track to meet market needs and lead their graduates to successful careers.40 Graduate Management Admission Council(GMAC)Corpora
244、te Recruiters Survey-2023 Summary Report 41Estimated median starting salary42 Graduate Management Admission Council(GMAC)Total hiring increased from 2021 to 2022 for MBA and graduates with a masters in management and accounting,and industry hires.No employers in Africa think demand will decrease in
245、the next five years.Demand is expected to increase for GME graduates in Africa by 2028.A plurality of employers hired graduates as they expected in 2021 and 2022.Estimated median starting salary is highest for direct-from-industry hires,Master of Finance graduates,and Master of Business Analytics gr
246、aduates in Africa.*Graduates with a masters degree are estimated to make$10,000-20,000 more than those with a bachelors degree.*Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 Thi
247、s does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference Actual hi
248、ring results by degree type(2021 and 2022)Projected hiring demand in the next five yearsEstimated median starting salary in Africa 2023Percentage of EmployersPercentage of employersRegional Profile AfricaHired more than expectedHired less than expectedHired as expectedDid not hire in the last yearMB
249、A2022222202220222022202220222022Master in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry100%75%50%25%0%17%17%17%17%17%17%16%16%17%23%23%22%21%22%38%21%24%24%23%49%19%29%44%48%50%32
250、%27%20%27%26%26%28%36%18%18%51%51%43%43%41%41%42%42%11%46%46%62%9%8%8%12%5%10%10%16%15%12%14%14%13%10%13%13%12%Experienced from industryMaster of FinanceMaster of Business AnalyticsMBAMaster in ManagementMaster of AccountingMaster of Data AnalyticsBachelors$0k$25k$50k$75k$100k$45k$45k$45k$35k$35k$35
251、k$35k$25kAfricaGlobal0%25%50%75%100%IncreaseRemain stableDecrease79%21%42%0%3%56%Estimated median starting salaryCorporate Recruiters Survey-2023 Summary Report 43Most employers in Central and South Asia think hiring for GME graduates will increase in the next five years.Only 2%of employers believe
252、demand for hiring GME grads will decrease.Nearly a quarter of employers in Central and South Asia hired more MBA graduates than they expected in 2022.Total hiring increased for accounting,finance,data analytics graduates from 2021 to 2022,but decreased among MBAs and masters in management and busine
253、ss analytics graduates.Graduates from Master in Management and Master of Business Analytics programs had the highest estimated median salary in 2023.*The estimated median starting salary for GME graduates in Central and South Asia in 2023 is$35,000 or more.*Employers were asked to estimate the avera
254、ge base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent confidence intervals for each e
255、stimated population proportion When the error bars do not overlap between groups,this indicates a significant difference Central&South AsiaGlobal0%25%50%75%100%IncreaseRemain stableDecrease88%56%10%42%2%3%Estimated median starting salary in Central and South Asia 2023Percentage of EmployersPercentag
256、e of employersProjected hiring demand in the next five yearsActual hiring results by degree type(2021 and 2022)Regional Profile Central and South AsiaMBA2022222202220222022202220222022Master in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMa
257、ster of Business AnalyticsBachelorsExperienced from industry100%75%50%25%0%5%8%8%8%7%6%5%6%2%6%10%10%10%10%13%13%13%14%12%12%21%20%20%27%32%32%20%23%23%27%23%19%18%18%50%50%50%38%30%57%39%51%51%54%44%32%24%26%25%25%25%26%20%22%34%34%33%34%37%43%55%30%31%31%Hired more than expectedHired less than exp
258、ectedHired as expectedDid not hire in the last yearMaster in ManagementMaster of Business AnalyticsMaster of Data AnalyticsMBAMaster of FinanceMaster of AccountingExperienced from industryBachelors$0k$25k$50k$75k$45k$45k$40k$35k$35k$35k$35k$35kRegional Profile East and Southeast AsiaEstimated median
259、 starting salary44 Graduate Management Admission Council(GMAC)Many employers from East and Southeast Asia anticipate above-average demand for GME graduates from now through 2028.Only 1%of employers predict a decrease in hiring for GME graduates.In East and Southeast Asia,total hiring increased for M
260、BA,Master of Accounting,and Master of Business Analytics graduates from 2021 to 2022.Nearly a fifth of employers hired more MBA graduates than they expected in 2022.The estimated median salary for new hires in East and Southeast Asia is consistent.*Estimated median starting salaries for GME graduate
261、s in East and Southeast Asia is$45,000.*Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total co
262、mpensation The error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference East&Southeast AsiaGlobalHired more than expectedHired less than expectedHired as expectedDid not
263、 hire in the last yearMBA2022222202220222022202220222022Master in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry100%75%50%25%0%10%11%11%13%21%17%17%17%14%16%13%13%12%12%14%17%19%12
264、%12%15%10%24%24%23%26%23%23%23%18%18%18%18%27%18%18%18%19%19%8%9%57%58%38%49%49%43%49%48%40%16%17%27%50%48%42%39%53%53%54%21%21%20%20%20%0%25%50%75%100%IncreaseRemain stableDecrease56%66%42%33%3%1%Actual hiring results by degree type(2021 and 2022)Estimated Median Starting Salary in East and Southea
265、st Asia 2023Projected hiring demand in the next five yearsPercentage of EmployersPercentage of employersExperienced from industryBachelorsMaster of FinanceMaster of Business AnalyticsMaster of Data AnalyticsMaster of AccountingMaster in ManagementMBA$0k$25k$50k$75k$45k$45k$45k$45k$45k$45k$45k$45kReg
266、ional Profile Latin AmericaHired more than expectedHired less than expectedHired as expectedDid not hire in the last yearEstimated median starting salaryCorporate Recruiters Survey-2023 Summary Report 45Employers in Latin America expect to either keep hiring at a consistent level or hire even more G
267、ME graduates over the next five years.No employers anticipate a decrease in demand for GME grads.In Latin America,total hiring increased for MBA,Master of Data Analytics,and Master of Business Analytics graduates from 2021 to 2022.Many employers hired fewer Master of Accounting graduates in 2022 com
268、pared to 2021.Graduates from Master of Business Analytics,Master of Data Analytics,Master of Finance,and Master in Management programs are estimated to have a higher starting salary than other degree types in Latin America in 2023.*The estimated median salary in Latin America does not vary greatly.*
269、Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the
270、95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference Latin AmericaGlobalMBA2022222202220222022202220222022Master in ManagementMaster of AccountingMaster of F
271、inanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry100%75%50%25%0%11%6%15%15%19%30%20%21%16%10%25%11%18%10%10%24%19%14%21%19%24%24%21%21%25%22%15%20%20%18%19%8%52%59%51%50%41%36%43%40%36%50%43%43%43%45%54%38%18%22%13%15%16%10%16%17%23%18%18%27%20%26%17%30%0%2
272、5%50%75%100%IncreaseRemain stableDecrease64%56%36%42%0%3%Experienced from industryBachelorsMaster of Business AnalyticsMaster of Data AnalyticsMaster of FinanceMaster in ManagementMBAMaster of Accounting$0k$25k$50k$75k$35k$35k$35k$35k$35k$35k$30k$30kActual hiring results by degree type(2021 and 2022
273、)Estimated Median Starting Salary in Latin America 2023Projected hiring demand in the next five yearsPercentage of employersEstimated median starting salaryEstimated median starting salary in the Middle East 202346 Graduate Management Admission Council(GMAC)Regional Profile Middle EastIn the Middle
274、East,many employers anticipate more demand for hiring GME graduates in the next five years.No employers believe demand for hiring will decline.From 2021 to 2022,total hiring increased for MBA graduates and direct-from-industry talent in the Middle East.Total hiring for most GME graduates and candida
275、tes with bachelors degrees decreased from 2021 to 2022 in the Middle East.Graduates from Master of Business Analytics,Master of Data Analytics,and Master of Accounting programs have the highest estimated median starting salary in the Middle East.*Estimated median starting salaries for GME graduates
276、are$35,000 or more in 2023.*Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation T
277、he error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference Middle EastGlobal0%25%50%75%100%IncreaseRemain stableDecrease56%42%32%68%3%0%Master of Business AnalyticsMast
278、er of Data AnalyticsMaster of AccountingMaster in ManagementMBAMaster of FinanceExperienced from industryBachelors$0k$25k$50k$75k$100k$125k$40k$40k$40k$35k$35k$35k$35k$25kActual hiring results by degree type(2021 and 2022)Percentage of EmployersProjected hiring demand in the next five yearsPercentag
279、e of employersHired more than expectedHired less than expectedHired as expectedDid not hire in the last yearMBA2022222202220222022202220222022Master in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperie
280、nced from industry100%75%50%25%0%12%3%7%13%29%15%30%18%30%12%25%19%28%10%7%21%13%26%19%21%32%27%30%16%22%10%25%18%21%21%28%28%54%52%51%43%29%30%37%50%37%46%38%40%34%46%41%45%22%19%23%23%11%27%4%16%11%31%13%24%17%24%24%7%Hired more than expectedHired less than expectedHired as expectedDid not hire in
281、 the last yearEstimated median starting salaryEstimated median starting salary in US 2023Corporate Recruiters Survey-2023 Summary Report 47Regional Profile United StatesMost U.S.employers predict hiring for GME graduates will remain stable in the next five years.Thirty-seven percent of employers in
282、the U.S.believe hiring demand will increase from now until 2028.Hiring demand for MBA graduates remained high from 2021 to 2022.From 2021 to 2022,relatively low total hiring dropped further for Master in Management,Master of Accounting,and Master of Finance graduates.Graduates from MBA programs have
283、 the highest median earning potential in the United States in 2023.*Master in Management,Master of Business Analytics,Master of Data Analytics,and Master in Finance grads all have an estimated median salary of$85,000 in 2023.*Employers were asked to estimate the average base annual starting salary(i
284、n increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent confidence intervals for each estimated population proportion W
285、hen the error bars do not overlap between groups,this indicates a significant difference United StatesGlobalMBA2022222202220222022202220222022Master in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperie
286、nced from industry100%75%50%25%0%9%15%53%58%58%58%50%58%41%44%41%53%10%9%11%12%18%12%3%6%4%6%5%4%6%4%7%5%7%6%8%6%61%63%36%31%29%33%36%34%37%40%37%33%65%68%47%60%12%10%7%5%10%3%9%4%16%11%15%10%19%17%34%22%0%25%50%75%100%IncreaseRemain stableDecrease56%37%56%42%3%6%MBAExperienced from industryMaster i
287、n ManagementMaster of Business AnalyticsMaster of Data AnalyticsMaster of FinanceMaster of AccountingBachelors$0k$50k$100k$150k$125k$105k$85k$85k$85k$85k$75k$75kActual hiring results by degree type(2021 and 2022)Percentage of EmployersProjected hiring demand in the next five yearsPercentage of emplo
288、yersMBA2022222022202220222022Master in ManagementMaster of AccountingMaster of FinanceMaster of Data AnalyticsMaster of Business AnalyticsBachelorsExperienced from industry100%75%50%25%0%Hired more than expectedHired less than expectedHired as expectedDid not hire in the last y
289、ear20222202248 Graduate Management Admission Council(GMAC)Regional Profile Western EuropeFrom 2021 to 2022,total hiring increased for graduates from Master in Management,Master of Accounting,Master of Finance,and Master of Data Analytics programs.Total hiring decreased from 2021 to 2022 f
290、or graduates from MBA and Master of Business Analytics programs.*Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by r
291、egion to make up total compensation The error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference Nearly all employers in Western Europe predict hiring demand to increase
292、 or remain stable over the next five years.Only 2%of employers said they thought hiring demand for GME grads will decrease by 2028.Middle EastGlobal0%25%50%75%100%IncreaseRemain stableDecrease56%42%3%55%43%2%Projected hiring demand in the next five yearsPercentage of employersActual hiring results b
293、y degree type(2021 and 2022)Estimated median starting salaryEstimated median starting salary in Western Europe 2023Starting salary for GME graduates is consistent across program type in Western Europe.*The estimated median starting salary for most new hires in Western Europe is$45,000.Experienced fr
294、om industryBachelorsMaster of Business AnalyticsMaster of Data AnalyticsMaster of FinanceMaster of AccountingMaster in Management$75k$50k$25k$0k$45k$45k$45k$45k$45k$45k$45k3%9%17%11%26%22%21%17%22%21%18%26%13%18%19%13%15%18%22%26%22%25%23%24%25%28%23%16%26%22%17%20%61%62%42%55%36%43%39%45%37%39%42%4
295、6%45%47%45%49%21%12%20%8%16%10%18%14%16%12%17%12%16%13%20%18%Corporate Recruiters Survey-2023 Summary Report 49Hired more than expectedHired less than expectedHired as expectedDid not hire in the last yearHired more than expectedHired less than expectedHired as expectedDid not hire in the last year1
296、00%75%50%25%0%200222021100%75%50%25%0%AfricaCentral and South AsiaEast and Southeast AsiaMiddle EastLatin AmericaUnited StatesWestern Europe9%15%3%6%8%8%12%18%12%26%14%21%12%17%62%63%52%59%53%57%62%12%10%19%22%18%24%10%MBA 2022 actual hiring results by region50 Graduate Management Admissi
297、on Council(GMAC)Degree Profile MBATotal hiring for MBA grads has increased over the last five years with a small dip in 2020.The plurality of employers have hired stable numbers of MBAs year-over-year.Asia,the Middle East,and Latin America had the largest rates of total hiring for MBA graduates in 2
298、022.Nearly a quarter of employers in Central and South Asia hired more MBA graduates than they expected in 2022.Percentage of EmployersPercentage of EmployersMBA actual hiring results by year200222021100%75%50%25%0%Nonprofit/GovernmentEnergy/UtilitiesConsultingFinance/AccountingHealth car
299、e/PharmaceuticalTechnologyManufacturingProducts/ServicesEstimated median starting salaryCorporate Recruiters Survey-2023 Summary Report 51Over the past two years,more than three-quarters of employers across industries have hired MBAs.The nonprofit and government sector has grown the most in its MBA
300、hiring,with growth since 2019.MBAs are expected to be the most lucrative in the United States in 2023.*MBAs in East and Southeast Asia are estimated to have the next highest salary.United StatesEast and Southeast AsiaCentral and South AsiaAfricaMiddle EastLatin America$150k$50k$100k$0k*Employers wer
301、e asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent co
302、nfidence intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference$45k$35k$35k$35k$30k$125kEstimated median starting salary for MBAs 2023MBA actual hiring results by industryPercentage of EmployersHired more than expe
303、ctedHired less than expectedHired as expectedDid not hire in the last yearHired more than expectedHired less than expectedHired as expectedDid not hire in the last year100%75%50%25%0%200222021100%75%50%25%0%AfricaCentral and South AsiaEast and Southeast AsiaMiddle EastLatin AmericaUnited
304、StatesWestern Europe11%58%21%15%13%10%18%26%6%28%19%24%20%28%55%31%45%50%49%51%41%8%5%7%15%15%20%13%52 Graduate Management Admission Council(GMAC)Degree Profile Master in ManagementTotal hiring has increased among employers for Master in Management graduates from 2018 to 2022.About a quarter of empl
305、oyers globally did not hire Master in Management graduates over the last year.In 2022,more than 80%of employers hired Master in Management graduates in most regions.The United States had the lowest hiring rate among employers for Master in Management graduates,where 58%of employers said they did not
306、 hire them in 2022.Master in Management actual hiring results by yearMaster in Management 2022 actual hiring results by regionPercentage of EmployersPercentage of Employers200222021100%75%50%25%0%Corporate Recruiters Survey-2023 Summary Report 53The technology and health care/pharmaceutic
307、al industries were the only sectors to increase their total hiring of Master in Management graduates from 2021 to 2022.Nonprofit and government employers have increased their total hiring of Master in Management talent since 2018.The highest estimated median starting salary for graduates from Master
308、 in Management programs is in the United States in 2023.*Western Europe,East and Southeast Asia,and Central and South Asia followed the U.S.in estimated earning potential for 2023.*Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dollars)their compa
309、ny will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overlap between gro
310、ups,this indicates a significant difference United StatesWestern EuropeEast and Southeast AsiaCentral and South AsiaMiddle EastAfricaLatin America$150k$50k$100k$0k$35k$35k$35k$45k$45k$45k$85kEstimated median starting salary for Master in Management 2023Nonprofit/GovernmentEnergy/UtilitiesConsultingF
311、inance/AccountingHealth care/PharmaceuticalTechnologyManufacturingProducts/ServicesMaster in Management actual hiring results by industryPercentage of EmployersEstimated median starting salaryHired more than expectedHired less than expectedHired as expectedDid not hire in the last year100%75%50%25%0
312、%200222021Hired more than expectedHired less than expectedHired as expectedDid not hire in the last year100%75%50%25%0%AfricaCentral and South AsiaEast and Southeast AsiaMiddle EastLatin AmericaUnited StatesWestern Europe22%58%29%30%17%8%20%25%6%32%24%19%32%17%43%33%29%36%53%54%51%10%3%11
313、%10%12%6%12%54 Graduate Management Admission Council(GMAC)From 2018 to 2022,total hiring of Master of Accounting graduates increased among global employers.2021 and 2022 had higher total hiring rates compared to earlier years.Total hiring of Master of Accounting graduates was highest in Asia,Africa,
314、and Western Europe.Total hiring of Master of Accounting graduates was lowest in the United States.Degree Profile Master of AccountingMaster of Accounting actual hiring results by yearMaster of Accounting 2022 actual hiring results by regionPercentage of EmployersPercentage of Employers200
315、222021100%75%50%25%0%Corporate Recruiters Survey-2023 Summary Report 55Total hiring for Master of Accounting graduates has rebounded for most industries that saw a dip in hiring in 2020.Hiring increased in both the finance/accounting and health care/pharmaceutical industries from 2021 to 2022.Master
316、 of Accounting graduates from the United States have the highest estimated median starting salary in 2023,followed by graduates from East and Southeast Asia and Western Europe.*The estimated median starting salary for graduates from Master of Accounting programs is$3,000 or more.*Employers were aske
317、d to estimate the average base annual starting salary(in increments of$10,000 US dollars)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent confiden
318、ce intervals for each estimated population proportion When the error bars do not overlap between groups,this indicates a significant difference$50k$100k$0kUnited StatesEast and Southeast AsiaWestern EuropeMiddle EastCentral and South AsiaAfricaLatin America$35k$30k$35k$35k$45k$45k$75kEstimated media
319、n starting salary for Master of Accounting 2023Nonprofit/GovernmentEnergy/UtilitiesConsultingFinance/AccountingHealth care/PharmaceuticalTechnologyManufacturingProducts/ServicesMaster of Accounting actual hiring results by industryPercentage of EmployersEstimated median starting salaryHired more tha
320、n expectedHired less than expectedHired as expectedDid not hire in the last yearHired more than expectedHired less than expectedHired as expectedDid not hire in the last year100%75%50%25%0%200222021100%75%50%25%0%AfricaCentral and South AsiaEast and Southeast AsiaMiddle EastLatin AmericaU
321、nited StatesWestern Europe17%58%30%21%16%6%23%24%4%30%21%23%26%21%45%34%37%40%48%50%46%14%4%4%17%12%18%10%56 Graduate Management Admission Council(GMAC)Degree Profile Master of FinanceTotal hiring for Master of Finance graduates has expanded since 2018,with a small dip in 2020.About a quarter of glo
322、bal employers say they did not hire graduates from Master of Finance programs in 2022.A majority of employers from most regions hired Master of Finance graduates in the last year.Nearly one-fifth of employers from Central and South Asia said they hired more Master of Finance graduates than they expe
323、cted in 2022.Master of Finance actual hiring results by yearMaster of Finance 2022 actual hiring results by regionPercentage of EmployersPercentage of Employers200222021100%75%50%25%0%Corporate Recruiters Survey-2023 Summary Report 57Previously top hiring industries of Master of Finance g
324、raduates like finance/accounting and energy/utilities were surpassed by employers in manufacturing,products/services,and technology in 2022.Employers from the manufacturing industry have consistently reported more hiring of Master of Finance grads since 2018,with a small dip in 2022.The estimated me
325、dian for a starting salary for Master of Finance graduates in 2023 is the highest in the United States.*No estimated median salary is below$35,000 for Master of Finance graduates across regions.*Employers were asked to estimate the average base annual starting salary(in increments of$10,000 US dolla
326、rs)their company will offer to new hires by degree type in 2023 This does not include other benefits,which vary in generosity by region to make up total compensation The error bars represent the 95 percent confidence intervals for each estimated population proportion When the error bars do not overl
327、ap between groups,this indicates a significant difference United StatesEast and Southeast AsiaWestern EuropeAfricaLatin AmericaCentral and South AsiaMiddle East$125k$50k$75k$25k$100k$0kEstimated median starting salary for Master of Finance 2023$85k$45k$45k$45k$35k$35k$35kEstimated median starting sa
328、laryNonprofit/GovernmentEnergy/UtilitiesConsultingFinance/AccountingHealth care/PharmaceuticalTechnologyManufacturingProducts/ServicesMaster in Finance actual hiring results by industryPercentage of EmployersHired more than expectedHired less than expectedHired as expectedDid not hire in the last ye
329、ar100%75%50%25%0%200222021Hired more than expectedHired less than expectedHired as expectedDid not hire in the last year100%75%50%25%0%AfricaCentral and South AsiaEast and Southeast AsiaMiddle EastLatin AmericaUnited StatesWestern Europe32%2%19%10%30%44%21%11%25%17%22%22%4%28%42%50%50%50%
330、37%40%39%16%23%14%18%11%11%12%58 Graduate Management Admission Council(GMAC)Globally,total hiring of Master of Data Analytics graduates has increased from 2018 to 2022,with a small dip in 2020.Employers in 2021 and in 2022 said they hired more Master of Data Analytics graduates than they expected at
331、 a higher rate than in 2020.The majority of employers from all regions said they hired graduates from Master of Data Analytics programs in 2022.Nearly a quarter of employers in Central and South Asia said they hired more Master of Data Analytics graduates than they expected in 2022.Degree Profile Ma
332、ster of Data AnalyticsMaster of Data Analytics actual hiring results by yearMaster of Data Analytics 2022 actual hiring results by regionPercentage of EmployersPercentage of Employers200222021100%75%50%25%0%Corporate Recruiters Survey-2023 Summary Report 59Hiring of Master of Data Analyti
333、cs graduates was highest in the manufacturing,technology,and products/services industries in 2022.Most industries saw decreases in total hiring among Master of Data Analytics hiring from 2021 to 2022,with the exception of manufacturing employers.In 2023,graduates from Master of Data Analytics programs had higher estimated median starting salaries in the United States,followed by Western Europe and