Recent data shows demand for senior management positions has declined while applications for business degrees have stagnated.<\/p>\n\n\n\n
This is according to the Financial Times (FT), which surveyed alums three years after completing their MBA as part of its Global MBA index for 2024<\/a>.<\/p>\n\n\n\n The FT noted that it received submissions from 132 business schools worldwide and was then narrowed down to the top 100 schools.<\/p>\n\n\n\n According to the responses, MBA alumni are finding times tougher after graduation. <\/p>\n\n\n\n “In line with recent job cutbacks, including in banking and technology at a time of broader uncertainty in the global economy, graduate employment within three months of MBA completion across the ranked schools dipped to an average of 89%, compared with 93% the previous year,” it said. <\/p>\n\n\n\n Although these findings are representative of the global demand for positions requiring an MBA, there are signs in South Africa that show similar trends. <\/p>\n\n\n\n For example, local recruitment firm CareerJunction analysed which job roles have grown in demand and which occupations have seen a decrease in job openings since 2019.<\/p>\n\n\n\n