Employability of MBA

Employability of MBA Agenda • What is employability • What employers expect from MBA graduates • What an employer can offer to MBA recruits • What a school can offer to boost up MBAs employability • What is going on in Ukraine Міжнародний Інститут Менеджменту What is employability • Employability refers to a demonstrated level of knowledge, skills, abilities, work behaviors and attitudes necessary to compete successfully in the labor market. • In simple terms, employability is about being capable of getting and keeping fulfilling work. Міжнародний Інститут Менеджменту What employers expect from MBA • • • • Business management knowledge Communication skills Technical or quantitative skills Ability to apply business discipline to any job or function • Ability to reach goals Міжнародний Інститут Менеджменту What an employer can offer to MBA • Twice the salary of any other MSc degree holder • High qualified environment • International careers • Professional growth • Projects of high visibility • In-company talent development (coaching, tailor-made training, etc.) • Merithocratic environment Міжнародний Інститут Менеджменту What a school can offer to boost up MBAs employability • Admissions: accept the right talent • Program: develop the right skills • Career Services: find the right fit Міжнародний Інститут Менеджменту What a school can offer to boost up MBAs employability Right talent is… • Experienced and mature (average age – 31, average work experience – 8 years) • Strong intellectual ability • Proven leadership potential • Outstanding career progression • International mindset Міжнародний Інститут Менеджменту What a school can offer to boost up MBAs employability Right skills… • Practical: consulting projects and masters thesis requested by companies, “real life” faculties'’ experience • International: international study tour, 12 nationalities “on board”, “global management game”, classes by international faculty • Personalized: participant/faculty ratio of 7:1 Міжнародний Інститут Менеджменту What a school can offer to boost up MBAs employability Right fit… • Career workshops • Networking events • Job postings • CV book • On-campus recruiting Міжнародний Інститут Менеджменту What is going on in Ukraine MBAs’ Market Value: Domestic Influences • Region • Local vs. international company; brand vs. not brand • Position level • Work experience • International experience • Additional professional qualification • Foreign languages Міжнародний Інститут Менеджменту Some Statistics … Industry Groups Demand for MBAs (2008) Industry % Banking & Finance Consulting Retail, FMCG IT, Telecom 22 19 19 14 Functional Area Demand for MBAs (2008) Functional Area % Finance Marketing& Sales General Management Project management, business development Research Law 29 24 18 16 5 3 Manufacturing Construction Healthcare & Pharmaceuticals 8 6 6 3 1 Publishing Business Logistics HR management Logistics 3 3 Міжнародний Інститут Менеджменту Salaries Offered to MBA Graduates in 2008 (US$) Position Min. Mean Median MAX 1 000 4 050 3000 15 000 HH.UA Data Міжнародний Інститут Менеджменту Міжнародний Інститут Менеджменту In Conclusion • The MBA is still a value add in all world regions • Employer recognition of MBA competencies is growing • Demand for MBAs varies in quality in different world regions Міжнародний Інститут Менеджменту THANK YOU!