Business Today

A fourth of Indian business graduates get jobs in US

While 64 per cent of Indian business graduates stay in their home country, 23 per cent go the US and two per cent to Canada.

Arun Kumar | March 19, 2014 | Updated 15:36 IST

About one in four business school graduates in India find jobs in America, second only to China, which sends 38 per cent of its alumni to the US, according to a new survey.

While 64 per cent of Indian business graduates stay in their home country, 23 per cent go the US and two per cent to Canada.

In the case of China, 48 per cent stay home, while eight per cent prefer Hong Kong as their second job destination after the US.

The Alumni Perspectives Survey by the Graduate Management Admission Council (GMAC), which administers the worldwide Graduate Management Admissions Test (GMAT), is based on a poll of 20,704 alumni from 129 nations, including 984 from India.

After India, Mexico (18 per cent) sent the most business graduates to the US followed by Japan (16 per cent), Germany (15 per cent), Canada (15 per cent), and Australia (4 per cent).

As for the US, 97 per cent of its business school graduates find jobs at home with only 3 per cent going abroad.

In terms of salary, business school graduates in India get the lowest starting annual salary of $11,223 while those in Canada get the highest at $75,000.

US comes next with $57,000 followed by France at $52,991, Spain at $29,553 and China with $16,413.

Other Key Findings:

1. Globally, 13 percent of alumni work outside their country of citizenship, a figure that varies widely by world region, from just three percent of US citizens to 37 per cent of Central Asian and Middle East/African citizens.

2. As a group, graduate business school alumni most attribute their career success to their personal effort (95 percent), followed by their graduate management degree (80 per cent), and years of work experience (74 per cent).

3. Graduate business school alumni work in all kinds of industries, although 2 in 5 alumni work in finance and accounting (20 per cent) or in the products and services sectors (20 per cent).

4. Among self-employed alumni, more than 3 in 10 work in both products and services and consulting.

5. Across all class years surveyed, 11 percent of business school alumni are self-employed, ranging from five percent from the most recent classes of 2010-2013 to 23 per cent of those who graduated before 1990.

6. Fourteen percent of recent alumni entrepreneurs (from the classes of 2010-2013) work in the technology sector, compared with just 2 per cent of those who graduated before 1990.

7. Soft skills account for 3 of the top 5 skills that business school alumni use every day on the job.

8. More than three-quarters (77 per cent) of business school alumni give financially to their alma mater, influenced by their belief that their institution provided them with a valuable education.


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