Thursday, June 05, 2014

Indian B-school graduates get jobs easily

Are Indian management graduates industry's first choice? A survey by Graduate Management Admission Council (GMAC), which conducts GMAT, shows that 92% of Indian management students had an offer of employment, as against 33% in Asia-Pacific region and 57% globally. Industry-wise, for management graduates of India, jobs are raining from technology (31%), consulting (26%), finance/ accounting (16%).

Globally the highlight of the 2014 batch has been that 46% of the graduates launched their own businesses after getting enrolled in B-schools. The survey was carried out among the students of the class of 2014 across 111 universities in 20 countries. In all 3,049 graduate management students were surveyed.

It's a rosy picture for graduates from Indian B-schools compared to the global scenario. The Global Management Education Graduate Survey 2014, which also included 260 management students across eight institutions, stated that 9 in 10 students at Indian schools have job offers.

This is pretty high if compared to the Asia-Pacific region as well as globally. Maximum jobs are coming from the technology sector in India, which amounts to 31% of the offers to management graduates, which is followed by consulting and finance/ accounting with 26% and 16% respectively. Consulting remains the top job function with 26% of the offers are for this work profile followed by 21% in marketing/ sales.

Globally 57% of the students graduating this year have already received at least one job offer. 
Finance/accounting remained the top choice with 26% to work in this job function. Postgraduate programme students seemed to be preferred over those pursuing full-time MBA. Nearly 91% of students pursuing PGP have job offers compared to 53% of those in full-time MBA. 

And more than half of the management graduates of the class on 2014 are likely to switch industries after graduation. Percentage of job seeking students of European business schools having job offers has decreased significantly - down to 47% from 55% in 2013.

Source: The Times of India, June 5, 2014

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