MBA Hiring To Grow By 84 pct This Year Globally: Survey

Globally, more than half of employers will increase starting salaries for new MBA hires in 2015, either at the rate of inflation (30 per cent of companies) or higher (21 per cent).

The median starting salary expected in 2015 for recent MBA graduates in the U.S. is $1,00,000, it said.

This represents an increase of $5,000 over 2014 salaries and is nearly double the expected starting salary of $55,000 for bachelor's candidates in 2015.

The study also pointed out that depending upon the degree earned, employers expect recent graduate business candidates to have an average (median) of 2-4 years of prior work experience.

GMAC's research into hiring trends also shows notable growth in the demand for data analytics, with 51 per cent of all companies surveyed globally stating that they plan to hire for this job function in 2015 - up from 44 per cent last year.

The report found that analytics was the most frequently mentioned skill that employers are looking for this year.

"Employer demand for recent business school graduates, notably those skilled in data analytics, continues to increase as companies expect these new workers to use data to drive business decisions starting the moment they're hired. Students of any undergraduate background would do well to consider taking a graduate management degree because of the contributions it can make to their career aspirations," Chowfla added.

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