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headlines Job Outlook for Business Grads MBAs Worry, But Offers Are There CORPORATE TRAINER Training the Street (TTS) finds that the vast majority of MBA graduates are still receiving competitive job offers, despite their increasing concerns about employment prospects. TTS's third annual hiring survey, which was completed by more than 300 MBAs from 25 programs, shows that 10 percent of respondents are less optimistic about their job pros- pects than a year ago. That pessi- mism arises even though 94 percent have been invited for at least one first-round interview, 78 percent have received at least one offer, and 50 percent have received multiple offers. In 2011, those numbers were 91 percent, 72 percent, and 41 per- cent, respectively. The largest number of respon- dents, 49 percent, note that they have been recruited by major invest- ment banks. Thirty-nine percent say they have been recruited by consulting firms, and 36 percent by boutique advisory firms. Positions at global financial institutions are still in high demand, with 27 percent of respondents favoring them as top choices. In other survey findings, 53 per- cent of respondents indicate they obtained positions through cam- pus recruiting, 21 percent through independent job searches, and 18 percent based on personal references. Respondents believe the most impor- tant factors in securing a job are interpersonal skills (29 percent) and industry expertise (26 percent). Forty-seven percent expect their start- ing salaries to be in the US$100,000 to $125,000 range—which might be why only 7 percent are dissatisfied with their offers of employment. Salaries Rise for Accountants Accountants' average total compensation held steady last year, increasing 0.9 percent from US$128,486 in 2010 to $129,591 in 2011. Those figures come courtesy of the 23rd Annual Sal- ary Survey released by IMA, the Association of Accountants and Finance Professionals in Business, and published in Strategic Finance magazine. More respondents reported a salary increase in 2011 than in 2010, and the average amount of the increase received was greater, according to the survey. The year 2011 saw 4 percent more IMA members with a raise: 70 percent versus 66 percent in 2010. The average salary increase for these members was $6,135, compared to aver- age increases of roughly $5,700 during each of the last three years. More information can be found at 10 September/October 2012 BizEd Stable Market for MBAs The MBA job market is stabilizing and more companies are recruiting for full-time positions compared to a year ago, according to research by the MBA Career Services Council. In addition, more alumni have begun to hire their alma maters' graduates as a result of schools' efforts to engage past students. The MBA Career Services Council released the findings of its Spring 2012 Recruiting Trends Survey this summer. The findings show that both on-campus recruiting opportunities and full-time job postings have increased for most schools worldwide. Recruiting has slowed slightly compared with pre- vious years, but only 11 percent note a decline in recruiting activity. Survey findings show that 51 per- cent of respondents see an increase in on-campus recruiting for full-time jobs, while 69 percent see an increase in full-time job postings. Increases in recruiting activity are occurring across most sectors, with consulting and tech- nology showing the largest increase. Financial services and government showed the largest decrease in full- time recruiting activity. For more infor- mation, visit

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