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Australian employers are somewhat more sanguine about MBA hiring. Mitch O' Brien, Emissary Pharmaceuticals in Australia, comments, "MBAs are not the be all and end all, however, they represent an interesting pool of potential future leaders with broad
business skills. MBAs often come with an arrogance that jobs will fall in their lap and false expectations as to career path. I would like to see more emotional intelligence taught and realistic career counselling provided."

6.2.4 Latin America

Latin America has also been a relatively inactive region for MBA recruitment, with most Latin American MBAs choosing to study and work abroad in Europe or North America. Salary also remains a big issue. Yogesh Chavda of Procter & Gamble Venezuela sees MBA recruiting as "an opportunity to gain people with the right level of maturity", but is often thwarted because "expectations are too high".

Nevertheless, Latin American companies are now reaching out to US, Spanish and other European schools to pick up the talented nationals choosing to study overseas, because of the need for internationally minded leaders. Alejandra Herrera of Asturer, Mexico. looks for MBAs who "have great potential to grow in to leaders within the organisation".

"There is definite movement in the market," confirms the Director at Instituto de Empresa's career management centre. Many European banks now own the major Latin American Banks and they actively recruit MBAs, as do consultancies and major industrial companies. The biggest such recruiters are BBVA and Banco Santander, which have emerged as regional banking leaders in Latin America, though HSBC is not far behind. The Mexican market is very strong, but we are seeing a region-wide improvement.

6.2.5 Global Verses Local Employers

More and more companies are global in their operations without ties to any one region. Many of these companies have recruiters with global responsibility for hiring MBAs. In total, 58 (56) recruiters responding to our survey had global responsibility for MBA hiring. These global recruiters include strategy consulting firms, investment banks, pharmaceuticals, supplemented by a small number of companies in most other sectors.

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