GMAC (Graduate Management Admission Council) recently conducted the 2015 Corporate Recruiters Survey. It provides the current employment scene and offers comprehension about hiring trends and practices across all industries and world regions.
According to the trends in 2014, more than 50% employers globally will increase starting packages for fresh MBA recruits this year in 2015. 30% of companies will offer the increment at the rate of inflation, and 21% will offer a rate higher than that. The average starting salary expected in 2015 for recent MBA graduates in US is $100,000 per year. This shows an increase of $5,000 over 2014 salaries and is almost double the expected starting package of $55,000 for students pursuing undergraduate degrees in 2015. Depending on the degree earned, employers expect recently graduated business candidates to have prior work experience average of two to four years.
GMAC’s survey results about hiring trends also shows remarkable growth in demand for data analytics, with 51% of companies surveyed stating that they plan to increase hiring for this job function in 2015. Last year the hiring was up to 44%.
When asked to list three skills companies look for in business school graduates for the year 2015, analytics was the most frequently mentioned skill.
GMAT test might be easy for those who prefer logical problems instead of Geometry as there are more Geometry questions in the GRE. In addition, Quantitative section is harder in GMAT in comparison to GRE. Verbal section in the GRE can be difficult for non native English speakers. Candidates can go back and forth in the GRE test, whereas in GMAT one doesn't have freedom to save and return to each section during exam. Decision to choose a test for studying abroad depends on various factors such as course requirement, university requirements, current level of preparation, comfort level with the exam pattern, etc.
Pick your stage and get free guidance from counsellors who've helped thousands get into top universities.
Starting research
Shortlisting colleges
Exam preparation
SOP/LOR writing
Scholarship & finance
Visa application
Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum Vitae
Both GMAT and CAT entrance exams for MBA admissions. While CAT is required for Indian B-schools, GMAT is required for both Indian and international B-schools. GMAT is tougher than CAT because:
Check: GMAT vs CAT: Key Differences