In my previous blog, I talked about job opportunities for SDA Bocconi MBA graduates. This blog is again written to give prospective MBAs a clearer picture about the labour market and SDA Bocconi’s stand in the market. All the statistics and information about the labour market are given in reference to research by SDA Bocconi’s career development service.
Although the percentage of SDA Bocconi MBA graduates hired by companies in 2009 matches that of the 2008 statistics, the labour market for MBA graduates in general does not seem so promising because of the financial crisis.
I think that SDA Bocconi’s success lies both in the increasing efforts of the students (due to their awareness of the severity of the crisis) and the growth and effort of the CDS team.
When I look at the statistics given by CDS I see that the job market for MBA graduates has expanded by 10-20 per cent from 2002 to 2008 in almost every country. However, CDS predicts that the number of companies hiring MBA graduates will decline severely in 2009 and the industries that will be affected the most will be finance, consulting and manufacturing.
But the value given to an MBA degree seems to be undiminished, with the average salary earned by an MBA graduate appearing to be 30 per cent to 35 per cent higher than other management graduates. The industries that continue to demand large numbers of MBA graduates are pharmaceuticals, energy and utilities.
We are now preparing our CVs so that they will be posted in SDA Bocconi’s MBA 35 CV books. These CV books will be distributed to more than 700 companies all over the world. I am hoping that both the CV books and the company visits arranged by CDS to the school will be helpful, so that we are called to interviews and ultimately receive job offers.
Hopefully the effects of the crisis will be diminished by the end of 2010 and the job market will be rejuvenated by the time we, the MBA 35′s graduate in December 2010.