Business School Students in High Demand: Nearly 9 in 10 Landed Jobs Prior to Graduation

Survey finds full-time MBA graduates in North America benefit the most from salary bump while Asia Pacific graduates record the biggest increase in rating of the overall value of degrees

RESTON, Va., Sept. 14, 2022 (GLOBE NEWSWIRE) — Despite market fear of an imminent recession, 86 percent of 2022 business school graduates were employed at the time of graduation, up from 80 percent in 2021, according to a survey report released today by the Graduate Management Admission Council (GMAC). Contributing to the favorable trends are the regional results of graduates who studied in the Asia-Pacific region and Europe. Among graduates of Asia-Pacific business schools, this year 91 percent report being employed at the time of graduation, compared with 78 percent in 2021. Similarly, among European graduates, 90 percent indicate they were employed this year compared with 75 percent last year.

The annual Enrolled Students Survey from GMAC, a global association of leading graduate business schools, aims to better understand current trends in student and recent graduates’ evaluations and outcomes of their graduate management education (GME). Conducted in May-June 2022, this year’s survey explores the views of 1,718 respondents from nearly 300 business schools in 57 countries around the word on their overall GME experience, job search, and compensation in the context of the COVID-19 pandemic.

Globally, the responding graduates of participating schools reported a median percentage increase in total compensation—including base salary and all other compensation—of 29 percent. Notably, among North American school graduates, those who attended full-time MBA programs reported a pre-GME total compensation median of US$80,000, and a post-GME total compensation median of US$120,000—an impressive 50 percent increase.

“With the volatile economic conditions and organizational challenges brought on by the pandemic, well-rounded and prepared business leaders and managers are especially in demand in the current job market,” said Matt Hazenbush, director of research analysis and communications at GMAC and author of the report. “As the survey findings suggest, graduate management education provides students with a powerful leg up for their career.”

Other Key Findings

Most students who set out to make a career change or gain a promotion encounter success

In step with the Great Resignation, students’ top goals and motivations in 2022 were to enrich their lives and make a career change. Among 2022 respondents, a majority who set out to make a career change or get promoted report that they were successful in achieving that goal. Specifically, among those who say making a career change was one of their top three motivations to pursuing GME, 57 percent said they were successful. Success rates for graduates from schools in Latin America/Middle East/Africa (66%) and North America (61%) were slightly higher, though not significantly, than those in Asia Pacific (54%) or Europe (55%), but across world regions a majority successfully made the career change they set out to make. Similarly, 56 percent of graduates who had the goal to gain a promotion were successful.

Social media use in the job search jumps up from last year

Use of social media in the job search—including sites like LinkedIn—increased significantly year-on-year, from 27 to 37 percent, overtaking networking with classmates and alumni (28%) as well as friends and family (35%). The increase in social media use as a job search method was significant among professional MBA (24% in 2021 to 31% in 2022) and business master’s students (23% in 2021 to 40% in 2022). By region, use of social media increased significantly among those who studied in Asia Pacific, Europe, and Latin America/Middle East/Africa, but not in North America.

Students from Asia-Pacific schools rate the overall value of their degree significantly higher in 2022 compared with 2021

Eighty-five percent of respondents rated the overall value of their degree as good to outstanding, up slightly from 82 percent in 2021. By region, students who studied in Asia-Pacific schools reported the largest year-on-year increase in favorable ratings for the overall value of their degree, rising from 75 percent to 86 percent between 2021 and 2022. While both full-time MBA and business master’s students in Asia Pacific had year-on-year increases, the increase was significant among full-time MBA students, rising from 66 percent to 84 percent. Globally, students who attended ranked schools reported similar levels of favorability of the overall value of their degree compared with students who attended non-ranked schools (85%, respectively).

As pandemic restrictions eased, student satisfaction with career and student services improved

Eighty-four percent of 2022 respondents gave career services a favorable review, up from 74 percent in 2021. Also improving were opinions on student services, up to 85 percent favorable from 80 percent in 2021. The improvement in favorability in career and student services was consistent across students of full-time MBA, business master’s, and professional MBA programs, as well as students who studied in Asia Pacific, Europe, Latin America/Middle East/Africa, and North America.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202-390-4180 (mobile)
thsu@gmac.com

Dave and Buster’s to Open 11 Units Across KSA, UAE, and Egypt

Announces international franchise partnership with Abdul Mohsen Al Hokair Holding Group

DALLAS, Sept. 14, 2022 (GLOBE NEWSWIRE) — Just a few months after announcing its international expansion plans Dave & Buster’s inks its first multi-country, multi-unit deal.

“We couldn’t be more pleased and excited to announce our Partnership with Abdul Mohsen Al Hokair Holding Group to develop the Dave & Buster’s Brand across key West Asian Markets,” said Antonio Bautista, Chief International Development Officer of Dave & Buster’s.

The Brand will begin its expansion with sites in the Kingdom of Saudi Arabia, followed by the United Arab Emirates and Egypt.

“Dave & Buster’s is a preeminent entertainment brand, and this franchise partnership marks a strategic milestone for our organization as we continue expanding our entertainment and hospitality portfolio across the region,” said Mishal Alhokair, Deputy CEO of Abdul Mohsen Al Hokair Holding Group.

To drive international expansion, Dave & Buster’s has developed key strategic initiatives that uniquely support global market penetration:

  • Customizable footprint to drive box economics in each market as required
  • Menu localization with high regional resonance
  • Proprietary, dynamic pricing model
  • Global marketing programs that are demographically agnostic and locally executable
  • Differentiated and unique amusement strategy and packages
  • Localized entertainment and 3rd day part programming

“With four decades of market leading experience, a seasoned leadership team, and a best-in-class support center infrastructure, Dave & Buster’s is ready to RUN THE FUN for our global partners and guests,” added Antonio Bautista.

For more information on franchising opportunities visit www.daveandbusters.com/franchising or email InternationalDevelopment@daveandbusters.com

About Dave & Buster’s
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 200 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. Dave & Buster’s has 148 stores in 41 states, Puerto Rico, and Canada and offers guests the opportunity to “Eat Drink Play and Watch,” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Main Event operates 52 centers in 17 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games, and virtual reality, making it the perfect place for families to connect and make memories. For more information about each brand, visit www.daveandbusters.com www.mainevent.com

About Abdul Mohsen Al Hokair Holding Group “Believe in what you do & you shall become the master of your craft”
This phrase inspired Sheikh Abdul Mohsen Al Hokair to start his first theme park in Riyadh, which was “an unprecedented leap” in the tourism and entertainment sector, a sector that ran on mere “coincidence.” Here in Abdul Mohsen Al Hokair Holding Group, we turned “the dream” into an organized industry that aspires to be the best locally, regionally, and internationally. Sheikh Abdul Mohsen’s vision began with the need for tourism and entertainment in the Gulf region, which led to the opening of parks, and recreational centers in 1978, making him the Sheikh of Tourism in the Gulf Region. The roots of our companies were based on research and planning and deep consideration for all aspects of success.

Now, many people look to us with deep appreciation and respect. Each of our companies has its own story of success, and together they crowned us as a holding company, an umbrella for all companies and businesses. Holding is the mother and protector of our businesses, which began from the first day of networking that Sheikh Abdul Mohsen started to a glorious road that we hope to continue.

MEDIA CONTACT:
Antonio Bautista
antonio.bautista@daveandbusters.com

Justice and Correctional Services express sadness on killing of Magistrate Romay van Rooyen

The Ministry of Justice and Correctional Services has learnt with a sense of deep sadness of the passing of Magistrate Romay van Rooyen over the weekend.

Ms Van Rooyen started her career as a prosecutor in 1997, prosecuting in the district and regional courts before becoming a State Advocate in the Western Cape High Court. She became an acting Magistrate in 2016 where she presided at various Magistrates Courts in the Western Cape and was, with effect from 1 October 2021, permanently appointed as additional Magistrate for the Vredenburg Magistrates Court.

The Minister of Justice and Correctional Services, Mr Ronald Lamola, in expressing his sadness, called on criminal justice system role-players to bring the perpetrators swiftly to book.

“The safety of our judicial officers remains an utmost priority. Magistrate’s Van Rooyen’s untimely passing is a devastating loss to our judiciary and our courts. Our heartfelt condolences go out to her family, friends and colleagues,” said Minister Lamola.

Source: Government of South Africa

Employment and Labour hosts employer advocacy session, 15 Sept

Inspection and Enforcement Services to host employer advocacy session in Swellendam – Western Cape Province

The Department of Employment and Labour’s Inspection and Enforcement Services (IES) in the Western Cape Province, is inviting employers and stakeholders to an advocacy session with the purpose to share information regarding the IES Agriculture project which will be embarked on in Swellendam and Bonnievale from 19-23 September 2022.

The Agriculture project which will take place in a form of blitz inspections is due to the overall high non-compliance with Occupational Health and Safety regulations that need to be monitored, and the recently increased national minimum wages especially in the farm worker sector. Several complaints have been received of illegal and underpaid foreign national employed in the area.

The advocacy session will discuss among others; requirements in terms of various labour legislations i.e. Basic Conditions of Employment Act, Occupational Health and Safety Act, Sectoral Determination 13: Agriculture, Compensation for Occupational Injuries and Diseases Act, Unemployment Insurance Act and Unemployment Insurance Contributions Act.

Furthermore, the session will provide information on the benefits of the Departments’ Employment Services of South Africa (ESSA) portal, foreign national employees, and address any labour-related enquiries.

Source: Government of South Africa

Water and Sanitation on sustainable water resources management

Mpumalanga stakeholders make inputs for sustainable water resources management

The Department of Water and Sanitation engaged key water sector stakeholders to make inputs into the National Water Resource Strategy 3 (NWRS-3) during a Consultative Workshop held at Capital Hotel in Mbombela on 13 September 2022. One of the key objectives of the consultative workshop was to obtain commitment and support for the NWRS-3 in order to improve the management of water resources in the country. The primary key focus of the NWRS-3 is to ensure equitable and sustainable access to and use of water by all South Africans while sustaining the water resource.

The Cabinet approved the National Water Resource Strategy 3 for gazetting and public consultation.

In his provincial overview presentation, the Mpumalanga Provincial Head of the Department of Water and Sanitation (DWS), Mr Fikile Guma reminded the delegates that the Mpumalanga Province is bordered by two countries, the Republic of Mozambique and the Kingdom of Eswatini and that all rivers are part of the internationally shared basins. He outlined that the Komati-Usuthu basin is shared with the Republic of Mozambique and the Kingdom of Eswatini.

Mr Guma further outlined the water resource challenges in the province which include stressed catchments where demand exceed availability / allocation of water resources due to climate variability and anthropogenic activities, deteriorating water resource quality due to water and waste management at local government, unauthorised water abstractions, non-payment of water resource management charges resulting in huge water debt, and the need for transformation of water allocation to address the historical disparity in allocation across all race groups.   

The NWRS-3 workshop broke into four commissions which looked and deliberated on issues of increasing water supply, managing water and sanitation services, regulating the water and sanitation sector, reducing water demand, redistributing water for transformation, promoting international cooperation, creating effective water sector institutions, addressing legislative and policy gaps, managing water and sanitation under a changing climate, improving raw water quality, protecting and restoring ecological infrastructure, data collection, analysis and information management for effective monitoring, evaluation and reporting, building capacity for action, ensuring financial sustainability and enhancing research development  and innovation.

Inputs from the commissions included the need for government to enforce documented legislation, the need to speed up the transformation and capacitation of water user associations, the need to regulate all sectors equally, the review of the licensing fees, increase public-private partnerships, climate change adaptation strategies, the fastracking of the verification and validation process and the need for improved intergovernmental relations.

The outcomes of the Mpumalanga NWRS 3 consultative workshop will go a long way in ensuring sustainable water resource management for the socio-economic development of the country.

For more information, contact Sputnik Ratau, Spokesperson for the Department of Water and Sanitation on 082 874 2942

Source: Government of South Africa

Electoral Commission hosts Research Seminar aimed at Safeguarding Democracy in the Age of Growing Mistrust, 21 Sept

The Electoral Commission invites members of the media to a research seminar, themed: Safeguarding Electoral Democracy in the Age of Growing Mistrust.

Between 2009 to 2021, the Electoral Commission commissioned numerous election-related surveys to gauge levels of public perceptions and trends in the attitudes and interests of South African voters in electoral democracy and voting.

These studies were conducted by the Human Sciences Research Council (HSRC). 

The HSRC was recently requested by the Electoral Commission to undertake an analysis of the long-term trends in all the election-related surveys conducted to date. 

These findings will now be presented at a public seminar, intended to create a dialogue between the Electoral Commission, its partners and stakeholders to reflect on the broader implications of the findings not only for the work of the institution,

but for the future of South Africa’s electoral democracy. 

Source: Government of South Africa

MEC Reagen Allen on LEAP operations

Between 29 August 2022 and 4 September 2022, Law Enforcement Advancement Plan (LEAP) officers have achieved the arrest of 147 individuals for a variety of crimes. LEAP is an initiative of the Western Cape Government (WCG) and is run in partnership with the City of Cape Town.

In this same time period, LEAP officers have amongst others: 

  • Searched 6 612 persons
  • Searched 244 houses
  • Conducted 6 612 patrols in hotspot areas
  • Conducted 186 roadblocks
  • Searched 665 vehicles
     

Of the 147 persons that were arrested, 1 was for the possession of an illegal firearm, 3 for the possession of illegal ammunition, 1 for the possession of an imitation firearm, 112 for the possession of drugs and 9 for the possession of dangerous weapons. Confiscations and all other arrests occurred in the various areas where LEAP is deployed. 

As LEAP officers work with a multitude of law enforcement agencies, they conducted 147 joint and Integrated operations with other City of Cape Town Law Enforcement Agencies and SAPS.

Minister Reagen Allen said: “These operations undertaken by LEAP are vital, as they are serving to reduce murders in key hotspots in the province. The 1st quarter crime stats of the 2022/23 financial year show how important LEAP is, as during this period, there has been an 8,2% reduction in the murder rate when compared to the same period of the 2021/22 financial year, at SAPS stations where LEAP officers are currently deployed. This shows how important it is to have the extra boots on the ground, as they ensure that extra visibility.” 

LEAP officers stem from the WCG’s Safety Plan, which was initiated in September 2019. The Safety Plan, which is the brainchild of Premier Alan Winde, came about as a result of the WCG’s commitment to address the high murder rate in the province. The primary aim is to reduce the murder rate by 50% by 2029. The Western Cape Government and City of Cape Town work in partnership to deliver LEAP.

These officers are deployed in a strategic, data-led and evidence-based manner to those locations where they can make the biggest difference in turning around negative crime statistics. This includes our top 10 murder areas in the Western Cape, such as Delft, Gugulethu, Harare, Khayelitsha (Site B policing precinct), Kraaifontein, Mfuleni, Mitchells Plain, Nyanga, Philippi East, and Samora Machel. Other high crime areas in which they are deployed are Atlantis, Bishop Lavis and Hanover Park, along with Lavender Hill, Steenberg and Grassy Park.

LEAP incorporates information from the WCG’s Safety Dashboard. This dashboard is providing real-time data to provincial safety stakeholders and helps identify exactly where the LEAP officers are most required. This strengthens our hand to anticipate where new hotspots may appear so that we can deploy the necessary resources to prevent crime and save lives. The Emergency Medical Services (EMS) data is set to be integrated with the Safety Dashboard, to provide us with a more complete picture of violence and trauma in the province, upon which we can launch our LEAP response.

Minister Reagen Allen added: “We want to manage SAPS in the same manner, and this is why we continue to call for the police to be devolved to a capable province and government such as ours. I urge the National Minister of Police, Bheki Cele to enact this, as the facts paint a clear picture. Under us, SAPS will once again become a service that residents trust wholeheartedly.”

“It’s critical that we all continue to play a role in creating a safer Western Cape. I urge all sectors of society to join us in the fight against crime, as neither LEAP, nor its partners in the City of Cape Town or SAPS alone would be able to achieve this,” concluded Minister Allen.

Source: Government of South Africa