“What do employers want
from business graduates?”
Prospective employers have always expected
b-school graduates to possess a certain set of skills, such as strategic
thinking and problem-solving abilities. Today, employers are looking for even
more—technical expertise paired with interpersonal and intrapersonal skills.
So-called “soft skills” like resilience,
teamwork, and adaptability are in high demand among
employers, says Sarah Ranchev-Hale, Imperial College Business
School’s assistant director of careers. “The technical skills you can learn on
the job or in school, but the soft skills are more challenging to get right,”
she says.
Marketing yourself as someone with soft skills
can make you the type of employee that companies want to hire, retain, and
promote. Recent data in the Financial Times 2018 Skills Gap Study agrees that soft
skills, like the ability to work well in a team, were rated as “most important”
by 64 percent of respondents.
During your b-school experience, you’ll have
the opportunity to build these skills as you work on group projects, interact
with mentors, and participate in internships. When you reflect on your personal
and professional lives, the people who have mastered skills like communication,
listening, and collaboration are the people who stand out to you—and they stand
out to prospective employers too.
But that doesn’t mean that there aren’t other
skills on the top of many companies’ wish lists. The skills that employers have
the most difficulty finding often have the most value in the marketplace.
“Across the 29 specific skills we asked
employers to evaluate, two integrated-reasoning skills stand out as being both
widely required and difficult to find among recent business school graduates,”
says Matt Hazenbush, research communications senior manager for the Graduate
Management Admission Council. “The first is 'combine,' which is the ability to
combine and manipulate information from multiple sources to solve complex
problems. The second is 'organize,' or the ability to organize information to
see relationships and to solve multiple, interrelated problems.”
Hazenbush added, “These skills have tremendous
value in the hiring market because they are both in high demand and scarce.”
“Data analytics continues to be in high
demand,” says Hazenbush. “In 2018, 71 percent of employers told us they planned
to place recent business school hires into data analytics positions, which puts
these roles into the most common types of positions for b-school grads.” Demand for MBAs has
moved outside the traditional banking and finance world in recent years,
with many graduates looking toward the tech sector for new opportunities. At
Duke University’s Fuqua School of Business, 28 percent of the graduating class
in 2018 landed with tech firms, including Amazon, Microsoft, Google, and Dell.
Lorenza Salerno, a corporate recruiter with
Samsung Electronics, notes, “Just because we're a technology company doesn't
mean we only hire scientists. We definitely need
people with MBAs. Samsung is looking for people who not only have a
solid academic background but also good business experience that they can share
with the company."
The skills you gain while earning your MBA
help prepare you for a wide variety of careers and more opportunities emerge
each day for expanding your skillsets to meet the demands of today’s
marketplace. Not only do the experts have advice on the skills they are looking
for, but recent graduates also provide a great perspective on the skills that
they think are essential in the workplace. Take a look at what they’ve shared
by using our interactive tool to determine which skills are most
important, both by job function and by job level.
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