MBA Jobs in Central and Eastern European Countries

MBA Jobs in Central and Eastern European Countries

On average, job opportunities for MBA graduates seeking employment in Central and Eastern Europe have increased by 7% in 2011/12, according to a TopMBA.com report.

The QS TopMBA.com Jobs and Salary Trends Report, which canvasses over 3,000 MBA employers and recruiters around the world annually, further highlights a predicted increase in MBA job opportunities of 4% in the region during the coming year.

Nunzio Quacquarelli, managing director of QS Quacquarelli Symonds and author of the report hints towards the possibility of these statistics signifying a turn in direction of Central and Eastern European MBA hiring, when compared to previous years’ research.

“Eastern Europe has been the slowest growth region in the world over the past five years, but reports a 7% increase in MBA demand in 2012,” Quacquarelli explains, before highlighting extreme regional variations.

“This figure is helped by strong growth in Russia, where a selected group of employers, especially in the energy and consultancy sectors reported a stellar 70% growth in demand this year. Romania also reported growth in demand in 2012, with several multinationals hiring MBAs for outsourcing operations in the country. This improvement has been offset by falling demand in Hungary, Czech Republic, and Poland.”

Average MBA compensation packages in the region are also swayed by the mixed economic fortune of countries in the region. Down 7% as a region to stand at over US$84,000, Russia in particular stands out as a lucrative destination for MBAs.

“Central European economies have experienced a difficult year, with several, including Ukraine, Hungary and Bulgaria, battling to maintain financial solvency, hit by austerity in major trading partners like Greece and Germany,” says Quacquarelli.

“Not surprisingly MBA salaries have faced downward pressure in the region. However, Russia has been a sharp contrast, recovering rapidly from the financial crisis, showing renewed appetite for MBAs, and offering competitive salaries.”

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