Even as employers report ongoing influence of inflation, recession fears, and country leaders on their hiring decisions, recent business school graduates can remain optimistic about their career prospects, buoyed by the accelerating integration of artificial intelligence (AI) across the modern business landscape. According to the latest annual survey of global corporate recruiters released by the Graduate Management Admission Council (GMAC), problem-solving and strategic thinking remain the top skills employers desire today and tomorrow. In addition, new hires' knowledge of using AI tools has risen measurably in its current importance in the average employer's mind since last year, and it tops the list of the skills employers value the most five years from now.
"As AI becomes more integral in a company's decision-making and strategy development, employers continue to turn to business school graduates for their versatility and strategic thinking, along with growing appreciation for their ability to innovate and navigate the challenges and opportunities of technological disruption," says Joy Jones, CEO at GMAC. "I give kudos to business schools' intentional cultivation of these relevant skills in their students, who stand out even more as valuable contributors and future leaders in the ever-evolving business world."
This year's survey was conducted with a total of 1,108 corporate recruiters and hiring managers—nearly two thirds of them with Global Fortune 500 companies—participating from organizations and staffing firms in 46 countries.
Key findings to note for business school graduates and aspirants
"As flexibility in work and learning becomes a norm, business school graduates—with degrees or credentials earned in-person or remotely—should feel empowered that their employability continues to outperform those without an advanced management degree, especially when they understand and underscore how they are skilled in strategic thinking, problem-solving, and communications alongside technological savvy," says Christine Murray, associate dean & managing director of McDonough Career Center at Georgetown University's McDonough School of Business.
For more than two decades, the Corporate Recruiters Survey has provided the world's graduate business schools and employers with data and insights to understand current trends in skill demand, hiring, compensation, and perceptions of MBA and business master's graduates.