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First woman at USB to obtain sought-after research rating
First woman at USB to obtain sought-after research rating

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Learning, leading and listening

Giving initiative a chance to grow
Giving initiative a chance to grow

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Clamping down on SA’s economic problems

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We need to herald a new era of collaboration

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Ratings cuts bad news for SA

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A 101 guide to launching a tech startup as a woman

Henley confers record number of degrees and diplomas
Henley confers record number of degrees and diplomas

Henley confers record number of degrees and diplomas
Henley confers record number of degrees and diplomas

Covid-19 is changing where we work and what we do
Covid-19 is changing where we work and what we do

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What 12000 employees have to say about future of Remote Work

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How to be a Blue Ocean strategist in the post-pandemic world

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6 ways to rewire your business now

Africa's ecommerce portal goes live
Africa's ecommerce portal goes live

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Developing skills to manage Africa’s energy transition

An alternative economic strategy for South Africa
An alternative economic strategy for South Africa

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Growth plan and structural reforms need to be implemented

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Leaders are not born or made, they are honed

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The world ahead and the one we left behind

USB appoints new Director
USB appoints new Director

USB offers relief on certain programmes
USB offers relief on certain programmes

International recognition for UCT GSB researchers
International recognition for UCT GSB researchers

Creating hope, one module at a time
Creating hope, one module at a time

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Which curve to flatten: Coronavirus vs economic growth?

Henley Africa MBA student named SA Journalist of the Year
Henley Africa MBA student named SA Journalist of the Year

GIBS appoints new Entrepreneur-in-Residence
GIBS appoints new Entrepreneur-in-Residence

Clamping down on SA’s economic problems
Clamping down on SA’s economic problems

Future still bright for new MBAs
Future still bright for new MBAs

What’s wrong with leadership training?
What’s wrong with leadership training?

CEOs reflect on leadership in perilous times
CEOs reflect on leadership in perilous times

Enabler or victim? KPMG SA and State Capture
Enabler or victim? KPMG SA and State Capture

Do wealthy people deserve to be rich?
Do wealthy people deserve to be rich?

Funders are not seeing the big picture in South Africa
Funders are not seeing the big picture in South Africa

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What will the world look like in 2030?

Don't just look into the future: script it
Don't just look into the future: script it

Flexible working causing company culture concerns
Flexible working causing company culture concerns

Which matters more: hiring superstars, or removing toxic employees
Which matters more: hiring superstars, or removing toxic employees

Is strategy a false prophet?
Is strategy a false prophet?

Customer experience in B2B marketing
Customer experience in B2B marketing

How to sell when you can't meet with your clients
How to sell when you can't meet with your clients

Developing ethical leaders for the common good
Developing ethical leaders for the common good

How Netflix finds innovation on the edge of chaos
How Netflix finds innovation on the edge of chaos

GIBS/TWIMS MBA Manufacturing Ambassador Scholarship
GIBS/TWIMS MBA Manufacturing Ambassador Scholarship




30 OCTOBER 2020
Future still bright for new MBAs
Despite the global impact of the COVID-19 pandemic, corporations still plan to hire newly minted MBAs, according to new survey data released by the Graduate Management Admission Council (GMAC) in partnership with MBA Career Services & Employer Alliance and the European Foundation for Management Development (EFMD). The annual Corporate Recruiters Survey was nearing its conclusion in March when the pandemic erupted, so GMAC collected additional data over the summer about the virus’s impact on hiring and salary trends.

In this year’s report, employers generally expressed optimism for the future. Before the coronavirus hit, 92 percent of firms stated their intent to hire MBA graduates in 2020, but that figure dipped to 77 percent during sampling over the summer. However, when employers were asked about hiring plans for 2021, the numbers almost completely recovered to pre-virus levels, rising to 90 percent.

Before the pandemic, 90 percent of respondents indicated they were highly confident or confident about the ability of business schools to prepare students for success in their organisations. That figure held steady at 87 percent when employers were interviewed over the summer, an indication that MBA degree holders were considered valuable employees during times of transition and change.

“Even as the pandemic resets the global economy and job market, the confidence of corporate recruiters in the skills and abilities of graduate management talent is strong,” says Rahul Choudaha, GMAC’s director of industry insights. “This aligns with 2021’s robust MBA hiring projections as organisations plan for their recovery in a post-COVID world.”

It’s a world that will need graduates who are able to adapt quickly and think strategically, Choudaha says. When employers are asked what other skills they will look for in new MBA graduates, more than two-thirds identify the ability to navigate the challenges of technological disruption. Communication skills were also high on their list of hiring priorities.

Despite the financial pressures of the pandemic, most survey respondents expressed their intention to honor the compensation promises their organisations have made to new hires. Only a minority said they plan to reduce salaries, benefits, or bonuses.
Source:

BizEd
BizEd is a bimonthly magazine targeting leading b-schools, corporate universities, and others involved in management education. Visit our website.

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