Despite many commentators comparing this financial crisis with the Great Depression, people graduating with an MBA have fared remarkably well in the job market. In particular, salaries at this level seem to be holding firm, suggesting quite strong residual demand.
Hiring of MBA graduates in Europe has certainly been affected by the recession. William Dávila, of IE Business School, says: “Weakness in demand in financial services is affecting placement figures. But non-financial recruiting is strong and many companies are taking advantage of the banking cutbacks to hire top talent.”
Phillipa Hain, of London Business School, agrees: “MBA graduates are having to look beyond finance. Our career services team is redirecting them towards other career opportunities. Coca-Cola, Rolls-Royce and the Clinton Foundation are among the companies attending our Industry Career Fair for MBA graduates.”
The Times Online