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Newsletter - July 2018


 

UHD Marilyn Davies College of Business Career Center

GatorHIRED!

MBA Newsletter

July 2018

Recruitment & Salary Trends by Industry 2018

There are positive stories wherever you look when breaking down data gathered from a recent survey from QS TopMBA.com survey (Jobs & Salary Trends Report 2018) by industry.

While the average growth in hiring across all industries in 2017 has been very positive (13%), and the average basic salary continues to grow both in the US & Canada (US$98,900) and Western Europe (US$85,500), what are the job prospects and salary levels like in your industry?

Technology

Out of the three big (finance, consulting and technology) industries for MBA hires, it was technology that saw the biggest increase in hiring levels in 2017 (13%). With the tech industry growing apace and the attractiveness of the industry to candidates, perhaps this growth isn’t that surprising. However, employers within the industry aren’t overly confident that this trend will continue in future years, predicting smaller growth in 2018 (5%) and 2019 (2%).

In terms of basic salary, the average in the industry (US$89,633) is pretty much consistent with all other industries (finance being the exception).

Finance

Even though we haven’t seen the double-digit growth in hiring across the finance sector in the way we have with other industries, we are seeing steady growth nonetheless (5%), with a slightly more optimistic (7%) prediction for the next two years.

While hiring growth might not have been as strong in 2017, it won’t come as a shock to many that if you’re looking for the top salaries the finance industry is still the place to go.

If youre looking for a basic salary pushing six figures then the safe bet is finance, averaging of US$97,100. An average basic salary of around US$7,000 higher than comparative industries is not inconsiderable.

Consulting

Consulting saw impressive hiring growth in 2017 (11%), with expectations for 2018 higher than any other industry (14%). However, after next year’s spike employers expect growth in hiring to slow down considerably (3%) in 2019 – though predictions are somewhat less solid the further into the future we go.

With an average basic salary of US$90,900 the industry is consistent with technology and ‘other’ industries and still provides an attractive option for MBAs.

Other

Talking of the ‘other’ industries, this is one of the key, and most positive, takeaways from the report. As suggested by the name, the ‘other’ industries include pharmaceuticals, manufacturing, industry retail, engineering and everything else that doesn’t fit into the broad categories above. The fact that MBA hiring in these industries has seen substantial growth in 2017 (15%) serves to highlight the increasingly diverse career paths open to MBAs.

The basic salaries available across the ‘other’ category are broadly in line with technology and consulting, suggesting the industries synonymous with the MBA no longer have a monopoly over the hiring of MBAs. With competition for top talent coming from more sources, this could feasibly see salaries increase across the board.

*All salaries are US & Canada and Western Europe only. Written by Phil Cottrell, Editor of TopMBA.com

RECRUITING STABLE FOR MASTER’S-LEVEL JOBS

Business schools are seeing a stable recruiting market for M.B.A. and specialized master’s programs compared with the same time period last fall, but concerns continue to linger regarding international student hiring, according to research released by the M.B.A. Career Services & Employer Alliance (MBA CSEA).

Make sure your resume is updated! Plan ahead for Davies Business Career Fairs.

Hot Dates

Cyber Security Summit
July 18-20, 2018, Newport, RI 

ALPFA Convention
July 30-Aug 2, 2018, Las Vegas, NV 

NBMBA Conference
Sept 25-29, 2018, Detroit, MI 

The HRSouthwest Conference
October 14-17, 2018, Ft. Worth, TX

10th Annual Asian MBA Expo
November 16, 2018, NYC, NY

MBA Career Corner

For many, simply considering the prospect of applying to study on an MBA program means they are seeking to upgrade their career. For those that follow through and successfully apply, preparing for their new future as soon as they begin their MBA, perhaps even before, can provide a flying start in the competitive jobs market.

The place for MBA news and resources, have an interesting article or resource to share, email us at cobcareercenter@uhd.edu.

Gator Bytes

Jamie MacDougall (’17 IB) accepted the role of Project Accountant at Oceaneering.

Jody Martin (’17 SCM) is now Sourcing Manager at Charbonneau Industries, Inc.

Sergio Armijo (’19 FIM) started a new position as General Accountant at Marriott Marquis Houston.

Jennifer Barrera Garcia (’17 MGMT) is now Business Development & Outreach Manager at City of Houston. 

Gabriel Cruz Avila (’16 SCM) is promoted to Facility Manager at Katoen Natie.

Have news we can use about your promotion, new venture, or, new baby? We love pictures too, email us at cobcareercenter@uhd.edu so we can celebrate with you.

GatorHIRED! Jobs at a Glance

88/Financial Analyst/Senterra LLC
90/Program Delivery Manager/EnFocus Strategies

79/Human Resources (HR) Generalist/Community Family Centers

71/AmeriCorps - Project Lead/United Way

73/Audit Senior/MaloneBailey, LLP

55/Purchasing & Accounting Assistant/Mitsubishi Heavy Industries America, Inc.

91/Tax Associate/MiddletonRaines & Zapata

154/ Digital Communications Associate/ Center for Public Policy

123/Spring 2020 Audit Internship/ Briggs & Veselka Co.

124/Spring 2020 Tax Internship/ Briggs & Veselka Co.

143/Agent/Financial Service Professional/New York Life Insurance Company

151/Management Trainee - Associate Account Manager/Amica Mutual Insurance

145/Entry Level Accountant/CP Paragon Solutions, L.P.

131/Brand Manager/The Black Sheep Agency

129/IT Support Specialist/GradReach Houston

108/Personal Banker II/Frost Bank

Access GatorHIRED! at uhd.edu/cobcareer

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Last updated 12/20/2018 6:40 AM