6 RECRUITMENT TRENDS THAT IMPACT MBA JOB SEEKERS - PART 2

Sandra Richez, the EDHEC Global MBA Careers Advisor and innovator of the CareerSMART programme continues her series of advice and insight into some of the changing recruitment trends and explains what they actually mean to MBA candidates:

·         CHERRYPICKING VS MASS PRODUCTION

With 85% of recruiters using Linkedin and sophisticated search criteria, both in internal and public platforms and social media, recruitment has gone from mass-production to cherry-picking.  Recruiters now expect and select a better fit at the pre-interview stage than before.  They may also be in touch with more candidates who have never even thought of applying for a role.

What does it mean for MBA candidates? 
This means having impeccable online profiles with well thought out keywords. It also means that a strategic approach to your online reputation, engagement and job search is essential.  You can no longer apply to job offers through simple alert feeds. MBAs will need to improve their strategy.  They will have to reach out to managers or recruiters for information, engage in associations, clubs, groups, events and off-line activities take on new importance.  It is no longer a plus to have a clear idea of what one wants, take a targetted approach and do all due diligence.  These are now basic standard practices.

 ·         GLOBAL VS. LOCAL

With reductions in HR budgets and staff, and the growing influence of overseas locations for many global firms, going global increasingly means going local.  Small teams of centralized HR work closely with local representatives in every region and country. Decision-making power is increasingly moving to the regions where the bulk of hiring is going on.  MBA candidates from emerging markets, who often seek headquarter roles in developed markets, need to understand that career growth potential is making a clear shift to their home regions.  With increasingly tight immigration legislation in countries like Singapore, UK and the US, firms have an incentive to use internal transfers of global talent instead of lengthy, costly and complex immigration procedures.

What does it mean for MBA candidates? 
MBA candidates need to take a longer view on global mobility in the face of these changes and business school career services need to broaden their corporate relations scope.

·         GLOBAL MINDSET & MOBILITY

Innovation used to come from HQ, now it comes from all over the world and from every direction.  More and more regional and corporate headquarters are localized in emerging markets.  Better technology and communication allow for more collaboration, best practice sharing and internal mobility from region to region.

What does it mean for MBA candidates? 
For MBA candidates who typically prize headquarters jobs in mature economies, this means they need to understand key issues and pain points per region and even per country. A global mindset has become a basic management competency and key to reaching future leadership roles.  MBAs as future global business leaders need to be more mobile, ready to work, cull innovative ideas and drive initiatives from all corners of the earth.  MBA leadership and associate programmes remain small and costly as a means of attracting an elite group of top MBA talent, while experienced hire roles will be more likely sourced internally, locally or regionally. 

A Talent Acquisition Director of a leading luxury goods firm in Asia summed it up well in a recent meeting, “Candidates interested in working in Asia, especially Asian candidates from global schools, need to prove that Asia is their first choice and not a default for not finding a role in Europe or North America. They need to prove that they understand Asia and are engaging in Asia and most importantly, they need to be in Asia.”

 

See Part 1 for details on

·         SOCIAL MEDIA LEVERAGE

·         THE DEMISE OF THE ONLINE APPLICATION FORM

·         EMPLOYEE REFERRAL PROGRAMMES

 

In the Economist Ranking of World’s Top MBA Programmes,  EDHEC Global MBA is currently ranked particularly well for Careers Service and Placement

30th for jobs found through the careers service
36th for student rating of careers service (and N°1 in France)
73% find jobs through the careers service
92% of graduates in jobs 3 months after graduation
54th for increase in salary
$111,713 salary post MBA