graduates from all of the worldâ€™s top 100 business schools. Recession in the USA, however, and slow growth in major economies as far apart as Germany and Japan, took their toll from 2002-2004 and demand for MBAs fell by around 20% from 2000-2003. In this period, on-campus company visits fell significantly and many MBA students had to resort to off-campus job searches and networking amongst alumni. From 2005-2008 we witnessed resurgence in MBA employer demand, far exceeding previous levels. The 2009 recession has proven to be relatively benign for MBAs compared to the 2001-2003 recession. Only time will tell if we are at a watershed.
TopMBA.com Index of MBA Recruiting shows an overall -5% (11%) decline in demand for MBAs in 2009. The decline is concentrated in financial services, which shows a -10% (0%) fall in hiring levels. The consulting sector defies the recession, growing MBA demand by 3% (-4%). By contrast MBA demand in general industry is flat (9%), and in the technology sector has grown by just 1% (0%).
QS TopMBA.com Salary & Recruitment Trends 2009 Report