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Prior to the economic crises in 2008, MBA students had an easier time gaining employment at a good company upon graduation. However, graduates in 2009 were reported to have had a more challenging time whilst seeking employment. Employers were reluctant to hire and invest in hires possessing an MBA, especially, when market economics and global events played a pivotal role in shaping business models and strategies.
According to industry experts, MBA Careers Service Council, the tide is now turning in the favour of the MBA students. This is by no means the end of the challenges that many MBA students face, but the labour market seems to be easing up with more companies coming onto campus and hire directly.
There are many reasons why people choose to undertake MBA studies, including gaining softer skills, broadening knowledge or aiming to secure a senior position upon graduation. Interestingly, Business Schools saw an increase in the number of students applying for MBA programs post the economic downturn in 2008/9, when many people experienced job redundancy and thought going to b-school may help them to increase their future employment prospects.
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