Recruiters Searching for MBA Grads in Finance and Accounting

Companies that hire MBA graduates are more optimistic about their recruiting plans this year. Only half are blaming the economy for limiting their hiring, compared to 69 percent only two years ago, according to the 2004 Corporate Recruiters Survey just released by the Graduate Management Admission Council® (GMAC®).

Improvement in the economy has also allowed more companies to hire new MBAs. The number of recruiters unable to hire recent MBA grads dropped by half this year -- from 23 percent in 2003 to 12 percent in 2004.

"Clearly, the economic recovery is beginning to open up more opportunities for MBA graduates," said David A. Wilson, president and CEO of GMAC®. "In fact, companies plan to hire more people for every job category we tracked. These results are very encouraging."

The top jobs for which recruiters are hiring are the same as in the previous years -- finance, marketing, and accounting, in that order. On a worldwide basis, 62 percent of recruiters indicated they are hiring for jobs in finance, 49 percent for marketing positions, and 30 percent for accounting.

Hiring activity in marketing increased more than in any other job category over the past two years, jumping 15 percent over last year and a total of 18 percent since 2002. Accounting and finance, while still popular areas of specialization, saw more moderate growth in hiring activity over the same two- year period.

The top characteristics employers seek in new MBA hires are strong communication and interpersonal skills, a proven ability to perform, and a cultural fit with the company. Failure to demonstrate these characteristics was considered a "deal breaker" by significant numbers of recruiters, indicating that solid skills alone are no guarantee of a job offer.

"Recruiters are looking for people who can not only do the job but who are a fit with the company's culture and relate well to other employees," Wilson said. "That's why it is critical to assess your skills and know what kinds of companies and cultures you're best suited for before you start interviewing. Career self-assessment tools are a good first step toward job placement success."

A total of 1,300 recruiters representing 1,004 companies worldwide participated in the survey.

You may like these other stories...

Regulatory compliance, risk management and cost-cutting are the big heartburn issues for finance execs in the C-suite. Yet financial planning and analysis—a key antacid—is insufficient.That's just one of the...
Event Date: September 11, 2014, 2pm ETThis webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities. DOWNLOAD THE SLIDE DECKDOWNLOAD THE...
Event Date: August 26, 2014, 1pm ETThis webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates  for non-public, non-governmental entities. DOWNLOAD THE SLIDE...

Already a member? log in here.

Upcoming CPE Webinars

Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 26
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.