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The growing number of corporate consultancies is experiencing strong growth in MBA hiring. For example, Siemens Management Consulting specialises in technology and business outsourcing. Dell has recently changed its name from Dell Computers, reflecting the
intention to build up its business consulting division helping Dell hardware customers to plan their IT requirements. Such strategies follow in the footsteps of IBM, which is, today, the world's largest provider of consultancy services, by revenue and employment numbers.

There are also a growing number of small specialist consultancies looking to hire MBAs. Chris Lavin of Sierra Systems, Canada, finds MBAs the perfect talent pool, "They have a strong management toolkit that is the basis for good management consulting. And maturity and analytical skills to interact with senior clients." Many such firms are using search agencies, or web services such as www.global-workplace.com, rather than visiting schools. There is also a growth in specialist consultancies, for example ZS Associates, with a focus on sales and marketing.

6.3.2 Financial Services

Top 10 Financial Services recruiters of MBAs in 2007

Barclays, Citibank, KPMG, Ernst & Young, GE Commercial Finance & GE Capital, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, UBS (Deutsche Bank replaced from 2006).

Almost all investment banks actively recruit MBAs. Most people associate investment banking with mergers and acquisitions, but this is just one department within the global banks - albeit a department which is booming in 2007 with most top banks reporting record transaction figures. Most of the top banks look to recruit MBAs into global markets (sales and trading securities, fixed income and derivatives), managing assets, structured finance, corporate finance and increasingly on-and-off balance sheet hedge funds. There are also many back office positions in risk, financial control and technology.

This demand for MBAs collapsed during 2001-2003. Goldman Sachs, Morgan Stanley and others cut MBA hiring by up to 80% in some offices. 2007 shows a completely different environment with demand increasing by 23% (24%). All the big banks are back on campus competing for talent, evidence of which can be found in this survey in the section relating to salaries.

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Back to Index TopMBA.com International MBA Recruitment Report 2007

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