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ERIC Number: ED540025
Record Type: Non-Journal
Publication Date: 2012
Pages: 18
Abstractor: ERIC
Reference Count: N/A
2012 Year-End Poll of Employers: A Look at Hiring and Salary Projections for the Coming Year. Summary Report
Estrada, Rebecca; Schoenfeld, Gregg
Graduate Management Admission Council
Employers across the globe project a slightly more positive hiring outlook for 2013 compared with 2012, according to responses to the 2012 Year-End Poll of Employers of the Graduate Management Admission Council (GMAC). Hiring decisions in 2012 were influenced by a mixture of economic conditions from the unfolding Eurozone crisis, to slower growth in emerging markets, to the looming "fiscal cliff" in the United States. Yet, MBAs and graduate management degree-holders continue to see improving employment rates. Jobs in 2013 are expected to pick up for management degree-holders as many global employers focus on growth. More than half of companies GMAC surveyed expect their top organizational goals in 2013 to revolve around launching new products or services and expanding their customer base, along with perennial goals to be more efficient (reduce costs, improve customer service, and increase productivity/performance). GMAC conducted the annual poll of employers from October 31 to November 16, 2012. The study garnered responses from 201 employers at 182 companies in 31 countries worldwide, including 45 companies from the Fortune 500. This year's findings revealed that the majority (82%) of the employers responding to the survey actively recruit graduate business school students directly from universities. This similarity is especially beneficial for participating employers, who can use the report findings to compare their hiring experiences against those of their peers. Graduate business programs can also use these results to offer students an advance look at next year's job market. Aggregated data from the study summarizes hiring outcomes for 2012 and hiring expectations for 2013 for eight candidate types, including MBA and other master-level business school graduates. For the first time, this report includes separate hiring data for Master of Accounting and Master of Finance programs, partly as a reflection of recent application trends and of increased prospective student interest in these and other specialized master's programs. In terms of employer representation by world region, 70 percent of survey respondents are located in the United States, 12 percent in Europe, 9 percent in Latin America, and 6 percent in Asia. The industry distribution of companies reflects that seen in the 2012 Corporate Recruiters Survey with a slight increase in the number of manufacturers represented in the year-end poll. One-third (33%) of responding companies have more than 25,000 employees; 17 percent have fewer than 100 employees. (Contains 5 tables, 4 figures and 1 footnote.)
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Publication Type: Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Graduate Management Admission Council (GMAC)
Identifiers - Location: United States