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CEO of QS Quacquarelli Symonds reveals ways to get the dream management career

 
By : Guest on 26 September 2017 E-mail Comments     Print Print  Report Abuse
 



The Editorial Team of MBAclubindia had the opportunity to interact with  Nunzio Quacquarelli, co-founder and CEO of QS Quacquarelli Symonds, the world's largest international higher education network.  Here is a brief Q&A with him  on Trending management destinations, salary, skill gap and more. 

 

1. How are the employability trends emerging across the world for MBAs?

 

The most recent edition of the QS Jobs & Salary Trends Report – our unique series of insights into the current state of MBA hiring and compensation packages – indicates that students taking an MBA are likely to see an increased number of employment opportunities irrespective of their region or preferred sector.

 

We find that, globally, the last year saw a 13% increase in the number of available MBA jobs, with growth in all regions. However, we do also observe regional variations: the growth we have observed in hiring opportunities is far healthier in the Asia-Pacific and Latin American regions (17% and 18% growth respectively) than it was in the Middle East and Africa (1% growth).

 

2. What is the salary trend and the change in it that you gauge in the coming few years?

 

Salary trends are more subject to regional variation. It is also important to differentiate between salary trends and overall compensation trends, as the potential bonuses on offer are also an important aspect of MBA compensation packages. We see that total compensation levels for MBA hires are up in Eastern Europe, Latin America, and the Middle East & Africa. This is coherent with the increased demand for MBA hires in these emerging markets.

 

However, total compensation for MBA graduates is down in Western Europe and the Asia-Pacific region, while salary + bonus levels remain stagnant in the US and Canada. Despite this, these are more mature MBA markets, and total compensation in both Western Europe and North America typically exceeds $100,000/annum.

 

3. What is an emerging destination for MBA for Indian students?

 

As our data indicates, there is plenty of hiring potential for MBA graduates in the Asia-Pacific region, with 17% growth observed over the previous survey period (2016). Australia falls into this region, and also sees the most remunerative environment for MBA graduates in the world: they, on average, can expect total compensation packages of $122,950.

 

However, Ireland is fourth on this list of salary packages, and may become an increasingly popular destination for many corporate headquarters post-Brexit. Its status as part of the Anglosphere, commitment to remaining in the EU, corresponding commitment to freedom of trade and freedom of movement, and strong tech sector give it the potential to become an extremely desirable destination for many prospective graduates. Those with an MBA are no exception.

 

4. Quality Vs Quantity, what is the gap in skill set that can be met by management schools?

 

Research indicates that employers across all sectors tend to find that today’s graduates do not lack hard skills. However, these employers do report that they seek graduates with stronger soft skill competencies: critical thinking, the ability to conduct self-driven research, interpersonal abilities, and the ability to communicate effectively. Certainly, the international experience provided by an MBA abroad will allow one to develop important interpersonal and intercultural understanding, but the best management skills will emphasize all of the above skills.

 

5. What will be your message to the MBA students and aspirants candidates?

 

Think of an MBA as a long-term investment in your future - one whose returns come in small but noticeable increments. Business schools have different areas of expertise, and it is important for you to identify a program whose specialisms are coherent with your career goals. My motivation for going to Wharton was to give myself the best chance of success for my future entrepreneurial career.

 

Business School provides you with a stimulating learning environment, with access to professors and fellow students who share and cultivate transformative ideas. 

 

At QS, we are driven to help students make the entry process as seamless - and as evidence-driven - as possible. One of our initiatives - the QS World MBA Tour - is a unique platform for MBA aspirants to meet B-School admissions directors, alumni, and industry experts. This is an opportunity for you to verify your research and understand the cultural fit between you and your chosen school.

 

 

"Nunzio Quacquarelli is co-founder and CEO of QS Quacquarelli Symonds, the world's largest international higher education network. He holds an MBA from the Wharton School in the USA, where he won the Glockner Prize for Management, after gaining an MA at the University of Cambridge. Quacquarelli is an expert on international business education and global employment trends, and is lead author of the QS Jobs and Salary Trends report, an annual series of insights into the global MBA jobs market."

 

QS World MBA Tour

 

Meet the top-ranked Business schools like IE, McCombs, Nanyang, Toronto-Rotman and speak with admission directors personally and network with MBA alumni at the QS World MBA Tour taking place in India. Find out perfect MBA program and learn how to get the best GMAT score.

 

Register here to book your appointment - http://bit.ly/2fKeWRA

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