Top U.S. corporations have to work harder to woo and win the loyalty of graduates from the country's top b-schools these days -- and that's good news for a certain type of MBA candidate.
Fortune 500 firms have always recruited from the top business schools. Even during years when the economy was slow and hiring was down, students could count on a number of top corporations sending recruiters to the most elite b-schools to identify and interview up-and-coming management talent.
That task has become more difficult for employers as b-school demographics have changed. More students are selecting part-time, EMBA, or online programs, meaning that potential career candidates are spread across a greater number of schools and programs. Moreover, b-schools are enrolling a larger number of international students -- who may not be interested in U.S. employment, or may not have the visa needed to work in the U.S. -- and younger students -- who lack the work experience that top employers want in addition to an MBA degree.
As a result of these trends, recruiters have had to become more inventive and more energetic in wooing suitable job candidates. Companies are putting on more recruiting events, earlier in the school year. In some cases, students are being signed up during the summer before their MBA program even begins. In other cases, schools have drawn the line and forbidden employers to begin recruiting until new students have had several weeks to settle into their programs and adapt to their classes.
This is good news for MBA candidates who seek a career with a U.S. corporation and who have the work experience and b-school record to draw recruiters' attention. They should be able to count on their MBA investment paying off in attractive internship and job offers -- if they attend a program that recruiters draw from. Grads from less high-profile programs can expect a strong hiring market, too, but they will have to go an extra mile to make contact with employers and to sell them on their potential as managers.
No one can ever safely say that
this is the year to go for an MBA, or guarantee that someone's investment in a business school education will pay off. That said, the degree of competition we're seeing to hire MBA talent makes an MBA a more attractive option than ever for candidates who aspire to a corporate career.
Source: "New Talent Identification Improves MBA Recruiting for Fortune 500" - a press release from MBA Scouting Report, dated August 16, 2006, as distributed by Business Wire