Recent data shows demand for senior management positions has declined while applications for business degrees have stagnated.
The FT noted that it received submissions from 132 business schools worldwide and was then narrowed down to the top 100 schools.“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.
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.The report noted that while positions in business and management remain among the most in-demand, some jobs in the sector have experienced a drop in demand since 2019.
In contrast, the report noted that other jobs in business and management, such as middle department management, team leader and supervisor, were still in very high demand in South Africa.“The latest survey by the Graduate Management Admission Council in 2023 shows a drop of 5% in applications for MBAs and a shift away from the full-time, in-person course and towards more flexible, part-time and online alternatives,” it said.
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