The job market for Class of 2013 business graduates, particularly those with graduate-level degrees, may be looking up, according to a Graduate Management Admission Council survey of 201 employers. 76% of respondents in the 2012 Year-End Poll of Employers expect to hire new MBA graduates in 2013.
The findings in the 2013 Alumni Perspectives Survey report answer these questions and others that address current economic and regional trends affecting alumni of MBA and other business master’s programs.
This report examines the hiring outlook for graduate business students and analyzes demand by industry and world region, salaries, job functions, and mobility in regional job placement. In addition to trends for MBAs as well as Master in Management and Master of Accounting talent, this year’s study includes, for the first time, detailed findings for Master of Finance degree-holders.
At a glance: Fewer than four in 10 employers (37%) say their employees understand how they can influence their careers. A reported 41% of organizations have problems retaining critical-skill employees, and the percentages have been trending upward the last four years. Nearly one-quarter of organizations give bonuses to employees who fail to meet expectations — and close to two in 10 give employees the same bonus regardless of individual performance.
A new study by Regus, indicates that Canadians part of Generation X or Generation Y are “marginally better” at achieving work-life balance in comparison to workers in other countries. This is especially the case if they’re running their own businesses. The study is based on he views of 26,000 professionals in more than 90 countries around the world. This is the second year for the study.
The second release from the 2011 National Household Survey (NHS) provided an update on the labour market outcomes of the Canadian population. Most of the information related to broad trends in the labour market can already be gleaned from the traditional sources of labour market information – Statistics Canada’s monthly Labour Force Survey (LFS) and the survey of employment, payrolls, and hours. As such, this note will focus more on information unique to the NHS, including the labour market outcomes of women, Aboriginals and immigrants.
The annual level of immigration is one of the most critical components of a country’s immigration policy. It is difficult to directly compare the costs and benefits of changing immigration levels because immigration can serve multiple goals. However, some narrowly-defined effects can be empirically assessed. This study considers solely the potential influence of immigration levels on immigrant entry earnings. This study focuses on the effect of immigration levels on one aspect of immigrants’ labour market outcomes their entry earnings, i.e., earnings during the first two full years in Canada. An increase in labour supply – that is, a larger immigrant entering cohort – could increase competition for the types of jobs sought by entering immigrants and place downward pressure on wages for immigrants arriving in that cohort.
Using data from the Association of American University Professors’ Faculty Salary Survey, the Chronicle of Higher Education examined the existing pay gap between men and women in academe. According to the Chronicle, although female faculty do make less on average than their male counterparts, there is a bigger picture. The averages do not take into account the disproportionate representation of men in full and associate professor ranks, and similarly, the disproportionate representation of women at the instructor level. Men are also overrepresented at higher-paying research institutions and in higher-paying fields such as engineering. Women make up higher numbers of faculty at lower-paying 2-year institutions and are much more likely to work in lower-paying fields such as psychology.
The issue of job market polarization — or the relative decline of medium-skilled, medium-paid employment in favour of jobs at the low and high ends of the skills distribution — has captured significant attention in the United States and Europe in recent years. This report compares the Canadian context versus what has occured in the US.
A recent study from the Federal Reserve Bank of New York’s Current Issues reveals that the 2001 recession began the trend of recent US graduates working in jobs that do not require a degree, and that recent graduates are increasingly working in low-wage or part-time jobs. This underemployment among graduates has peaked at around 45% in 1992, 2004 and 2012, the report shows. Furthermore, the data show that underemployment was higher in some fields than in others. While 8% of recent liberal arts graduates were unemployed, another 52% didn’t need a degree for the job they held. Meanwhile, 5% of engineering undergrads were unemployed and only 20% were underemployed.