New real-time insight from workforce research firm Burning Glass finds that employer demand for MBA's is robust across the American economy in both traditional and non-traditional sectors. While the number of generalized MBA programs vastly outnumbers the specialized programs available today, the research shows that MBA jobs typically have distinct specializations, with marked differences in skill requirements. The research also documents the strong demand for MBA's in non-traditional industries, including education, public administration, and health care. Notably, non-traditional sectors now account for nearly 20 percent of the MBA job market.
"While the MBA job market is strong, the specialized nature of MBA job requirements suggest that specialized programs may better position students to meet the demands of today's openings," said Matt Sigelman , CEO of Burning Glass. "The skills that employers require of MBA's vary across region, city, industry and job function, putting into question the very notion of the value of a traditional 'one-size-fits-all' MBA."
Highlights from the report:
"Our research has shown that the breadth of employers requesting MBA candidates is broadening," said Sigelman. "Non-traditional industries also have non-traditional employers. For example, in the education sector major employers include for-profit universities such as University of Phoenix, which are playing an increasingly important role in the higher education landscape. Additionally, demand for MBA's is strong at many large universities – such as Stanford and Harvard – that are better known for producing MBA's than for hiring them."
Burning Glass tools track and identify labor market trends in real time by analyzing millions of online job postings. Burning Glass collects job postings from over 22,000 sources including both job boards and employer and recruiter sites – including thousands of small- and mid-sized employer sites – to capture a comprehensive picture of employer demand for talent. Then, using industry-leading artificial intelligence text mining technology, it identifies attributes such as job titles, employers, skill and qualification requirements, and advertised salaries for each posting. For this report, Burning Glass analyzed nearly 300,000 online job postings from 2012 that called for an MBA.
About Burning Glass
Since 1999, Burning Glass has brought together job-seekers and open jobs. By developing technologies that deliver intuitive and actionable insight across a range of functions, including workforce and economic development, career exploration and counseling, as well as job matching, Burning Glass helps the supply (job-seekers) find the demand (open jobs), and vice versa. Its pioneering solutions leverage a deep understanding of people and their careers in order to deliver superior workforce and marketplace insight. The patented artificial intelligence engine that powers Burning Glass learns from actual career patterns, delivering real-time awareness of how and when people move from job to job, and the kinds of skills and experiences that lead to successful placement.