competent
Definition: (adjective) having the skill and knowledge needed for a particular task; capable
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With the economy up, recruiting for M.B.A. graduates has climbed and is very likely to continue trending upward in 2007, according to the Graduate Management Admission Council’s (GMAC) Corporate Recruiters Survey for 2006-2007. The traditional employers of M.B.A. graduates—consulting, financial services, and consumer goods—are still at the top of the list, but recruiters for marketing, health-care, and biotech companies also are hiring. The National Association of colleges and Employers’ (NACE) Job Outlook 2007 states that manufacturing is aggressive hiring and expects to hire 32.4 percent more M.B.A.'s in 2006-07 than they hired in 2005-06. Real estate, marketing, and investment banking are also up and coming, while on the west coast, the technology sector is specifically growing for M.B.A. graduates.
The report also cites a 15.4 percent increase in service employee hiring. Schools reporting to the M.B.A. Career Services Council say that “recruiting activity is up across nearly all sectors” and that the bellwether recruiting industries are significantly higher than others.
The GMAC lists 10 sectors they see as good ones for M.B.A. graduates: finance, marketing, accounting, general management, operations and logistics, information technology, consulting, human resources/organization management, entrepreneurship, and health care/pharmaceuticals.
As for management levels in 2006, more M.B.A. graduates took on general management, human resources, and operations/logistics positions than in previous years. Plus, there were more job openings for midlevel managers in 2006. NACE’s 2006’s Job Outlook stated that 45 percent of M.B.A. graduates were looking at different industries and fields from the ones in which they worked before getting their M.B.A. degrees.
A significant amount of future growth may come from overseas operations of domestic corporations. With the continued advance of telecommunications as the primary medium for data transfer, banks and corporations disregard many commercial barriers between nations. This borderless, global market is an exciting prospect for ambitious M.B.A. graduates. Those who bring an understanding of how to manage operations that are carried out in countries in different time zones with diverse cultures will find themselves in demand.
In particular, the tech companies, investment banks, consulting firms, and consumer goods companies want to hire M.B.A.'s with overseas experience and the ability to work with teams from other countries. Global experience, whether gained on the job or during a semester abroad, is a critical job requirement. M.B.A. students have several options to choose from to gain international experience. They can study abroad at a partner institution. Exchange programs, in which students spend an entire term overseas, are another possibility. Shorter options are intensive two- to three-week courses on specific subjects in overseas locations.
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