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In Central Europe, the MBA is less prominent. Good Czech or Hungarian candidates are highly sought after, but mainly outside their home country. Russia is the only Eastern European market with a large and growing domestic demand for MBAs.

Graham Hastie of London Business School observes, "The MBA job market in Europe is at record levels and I can't see any clouds on the horizon. We expect most students to have several offers at graduation." At the current £/US dollar exchange rate, the UK is now paying the highest salaries for MBAs worldwide. Dominique D'Arcy of Manchester Business School says, "The I-banks and strategy consultants are recruiting actively, but they have been joined by commercial bank and the professional service companies like KPMG, E&Y and Deloitte, all of whom are targeting MBA recruiting this year. And many industrial companies have been enticed into the MBA market in the last three years and they have enlarged the total pool of MBA employers compared to the pre-dotcom era. We are also seeing renewed activity amongst technology and telecoms companies."

But the real news in 2007 is Dubai. D'Arcy comments, "Companies in Dubai are booming and they are seeking MBAs in large numbers, in particular, Indian MBAs who have some links with the region. For example, OC&C has acquired Middle East Strategy Associates and is hiring actively from MBS." Graham Hastie confirms that Dubai and Middle East is a hot spot, "A bit like the wild west - some banks expect to double in size every six months and are recruiting accordingly."

By contrast, MBA demand in Africa is subdued. LBS has turned away employers from Kenya and Nigeria because they do not have the right profile of candidates. Meryll Folb of Standard Bank of South Africa observes, "Salary is a big barrier for African employers."

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Source: -
QS World MBA Tour - QS TopMBA.com International Recruiter Survey 2007
© QS Quacquarelli Symonds Ltd. 2007
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