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Hiring predictions from MBA recruiters suggest that MBA demand worldwide will set a new record in 2006. The TopMBA.com Index of MBA Recruiting shows an overall 24% (20%) increase in demand for MBAs in 2006, with the consulting sector reporting a massive 38% (35%) increase and financial services 24% (20%). MBA recruiters around the world are in the midst of a battle for talent. As world growth continues, demand for MBAs is spiralling, particularly in the service sectors of consulting and banking. General industry and technology also reported double figure growth in demand (18% and 20% respectively).

Source: QS TopMBA.com International Recruiter Survey 2006

Figure 5: Percentage Changes in MBA Opportunities by Industry Sector Worldwide in 2006

Looking ahead, it seems that most recruiters do expect the increase in demand to slow down in 2007. Although agencies remain bullish, only a 3% increase in demand is anticipated in the technology sector, only 5% in industry, only 7% in financial services but a robust 19% in consulting. From the point of view of MBA recruiters around the world, there are no indicators of a possible reduction in demand. Rather, there is a feeling that the huge growth in demand over the last two years cannot be sustained, not least because the supply of MBAs is not growing as rapidly and companies may not be willing to push salaries much higher.

At the same time, it is always worth expressing words of caution. A recession as seen between 2001 and 2004 is not on the cards, but with rising oil prices, a growing deficit in the USA, and rising interest rates, a fall in MBA demand in 2007 is possible.

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Source: -
QS World MBA Tour - QS TopMBA.com International Recruiter Survey 2006
© QS Quacquarelli Symonds Ltd. 2006
Website: www.topmba.com