MBA students prefer not to postpone the job search process.
According to the survey conducted by RelishCareers which is a famous platform based on the MBA research in the University of Virginia’s Darden School of Business, MBA students prefer not to postpone the job search process. More than half of them (precisely - 54%) start looking for a job since the first month of their business study. Most of them want to know their future place of employment by the end of September.
Zach Mayo, one of the founders of RelishCareers, is sure that MBA recruiting is not an easy process. It earned its challenging reputation as a result of many years.
No wonder, MBA students start looking for jobs, let’s say, as soon as they start their study. That’s why you can find tutorials and interview training as soon as you are accepted in the university or at least during the first semester of your study if you are an MBA student. For example, this year some students were enrolled to the internship in Amazon which they can start this autumn. That’s a smart way of engagement the best undergraduates of business schools.
Those students are top MBA students from a variety of the US and international business schools. 79% of students studied MBA programs on a full-time basis, and the rest of them were enrolled in business school only part-time. The respondents of the survey conducted by RelishCareers are typical representatives of the MBA class in the USA. When it comes to demography, most of them are about 29 years old; 61% are men, and 69% of students are from abroad.
Awaiting a 6-month operation
The statistics claim that more than a half (54%) first-year students started their job search during the first month of their study. However, there are also 16% who decided to wait until the second semester.
When it comes to the second-year students, this percentage of those who started their job search during September has increased up to 64%, but also, only 17% of students waited till the second semester.
It is logical because there is two main reason to start your job search as earlier as possible. First of all, job search for MBA students takes some time. On average, it takes 172 days for the first-year students and 167 days for the second-year students to find the right internship.
Mister Mayo know that it takes it takes about 43 days for American residents to find jobs which fit them. If a company needs a person of the level of director or a C-suite spot, typically it takes more than 70 days to find a right person.
Zach Mayo explained that MBA students spend much more time for job search than the other employees because of their full-time load. But in spite of their conditions, the students can spare some free time and look for jobs.
|According to the RelishCareers statistic, about 65% of MBA students spend 4-9 hours per week on their recruiting; about 20% spend less than 3 hours per week for the same process; the rest 15% can spare more than 10 hours looking for internships. Early Start = Better Quality|
RelishCareers report shows interesting fact: as earlier students were employed as more successful occurred the employment. It means, that 73% employees who started their job in summer were satisfied with their choice, while only 44% of those who was hired in autumn or winter could agree with this fact.
Early recruiting became so much popular among MBA students, that even there are plenty of MBA alumni who offer webinars and different other events to teach this technique. As a result, as much time students spend on their recruiting as happy they are with their job in the length of the time. So, those students who could spare about 15 hours per week or more despite their full-time load, eventually we happier than those who spent less time. Mayo recommends - as it’s not that easy to spare 15 hours during a busy week, it is recommended to find at least one hour every day during five or six months for job search. Because those students who could spend three or fewer hours per day were “more or less” happy with their job that means - they weren’t. Could you imagine that only one hour per day can make magic in perspective?
Your Way To The Dream Job Shouldn’t Be That Hard
It is said that MBA degree considers job is changing with the growth of your experience. So, even if you are not satisfied with your first working place, it is not a terrible issue. Mayo also warned that the job which was found so fast doesn’t guarantee that students will like it. As only 35% of respondents were happy with their recruitment process, another 35% mentioned their job as neutral, and the other 30% didn’t like their jobs at all. There were different categories of people among the respondents, such as individuals who managed a job of their dream and the other category which was looking for an attractive offer.
Among questions for the review for RelishCareers was also the one - what is the preferred industry and whether they found a job in it or not. 31% of respondents chose to consult as the favorite job area, 18% of them would rather prefer to work in the technical sphere, 16% saw themselves together with consumer goods and products, 11% would like to work in healthcare area, and only 7% of respondents were sure that bank sphere and investment are the most important areas.
Not everybody starts a job in a preferred industry, and it also happens to MBA students. So, about a third of them didn’t choose their preferred area for an internship. It seems like investment turned to be the hardest industry because only hard of students who prefer it, decided to choose it for the internship.
Start Early. Get Your Experience
Zach Mayo ended the interview with the advice based on the survey. He is sure - as sooner you start your job, as more chances for success you will have. Success means not only big salary or a prestigious position in your company but also your inner satisfaction of the job which you do.
Mayo knows that this advice is not unique because it is in use among career trainers and recruiters. Moreover, it is not new because this challenge of competitiveness always existed among employees. So, this report is only one more proof of the fact that recruiting procrastination has harmful subsequences.
Join MBA25 event in Frankfurt and meet the top business schools!