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This is an archive article published on July 24, 2023
Indian employers focus more on degrees, US prefers skills: Survey
However, the same trend has not been observed in the US, where employers are more interested in the skills, rather than the degrees.
Despite reported recession concerns, 2023 hiring plans have come up on a positive note. (Representative image. Source: Unsplash)
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Indian employers focus more on degrees, US prefers skills: Survey
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Indian employers are more interested in hiring graduates from business schools, according to a survey of corporate recruiters recently released by the Graduate Management Admission Council (GMAC). The survey has revealed that communication, data analysis, and strategy are currently among the most important skills for business school graduates.
As per the survey, employers believe that business schools can offer an advantage over talent without a graduate management education. Employers from Asia and Fortune 500 companies hire majorly from “leading” business schools. This also revealed that even after Covid pandemic, employers tend to give preference to candidates who have attended in-person programmes over those with online degrees or micro-credentials only.
However, the same trend has not been observed in the US, where employers are more interested in the skills, rather than the degrees.
“Graduates of online business degrees should talk about their credentials differently depending on the employer — employers in Asia are more likely to value the degree itself, while US and consulting employers would rather hear about specific skills candidates attained,” suggested Andrew Walker, director of research analysis and communications at GMAC and the author of the report. “Micro-credentials in and of themselves are less likely to impress employers compared to graduate business degrees though the skills they bring are appreciated by some employers.”
Interestingly, despite reported recession concerns, 2023 hiring plans have come up on a positive note, with some anticipated growth in hiring among business master’s compared to actual 2022 results.
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