A survey report given by the GMAC (Graduate Management Admission Council) on employment prospects and hiring trends for management graduates in India has revealed that the demand of MBA graduates by the recruiters in India in 2012 has exceeded both the APAC (Asia-pacific) regional average (80%) and the global average (79% firms planning to recruit) though it remained same as that of 2011 at 88% for India.
Sources from GMAC expressed that India as a growing economy is a major driving force for demand. The findings were based on the respondents which included 29 Indian employers who attended GMAC 2012 Corporate Recruiters Survey, 18310 Indian students taking GMAT exam, 17638 marks cards sent to schools in India by all examinees across the world in 2011 and 334 management graduates at 11 B-schools in India that attended the GMAC 2012 Global Management Education Graduate Survey.
Indian students account for third largest group of GMAT examinees in the B-school channel, following US and China. On-campus resources and school career services emerged as the most sought-after and effective job search methods for batch of 2012 graduates. The survey also showed that international recruiter demand for MBA freshers is high in 2012. A maximum of 79% companies (against 72% companies that recruited MBA graduates in 2011) across the world are planning to recruit MBA freshers in 2012.
Among the recruitment methods used by Indian recruiters while hiring MBA freshers, on-campus visits with graduating students were ranked at number one. About 72% of Indian firms are likely to hire students’ on-campus this year. The second most widely used recruitment method used by Indian companies was Employee referrals (69%) followed by recruitment of prior and existing interns (48%), through job portals (48%) and employers websites (45%).
About 99% of the 2012 batch of Indian Business school graduates aimed at Asian companies for their job search. 12% graduates looked for jobs in US, 8% in Western Europe and 6% in Middle East.
Source: Economic Times
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