MBA hiring trends – Eastern Europe

Wednesday, December 02, 2015 at 12pm

As anticipated, it has been a slightly slower year for MBA hiring in Eastern Europe, following last year’s 10% increase. Employers in the region have, however, indicated that they intend to increase hiring levels over 2015/16, so we may well be discussing a significantly larger figure next year. Nevertheless, we must still take this with a pinch of salt as growth does not always live up to expectations; indeed, the 10% growth reported last year was below expectations – though the anticipated figure for that year of 34% was, shall we say, on the more optimistic side.

The growth we have seen this year has been driven by the technology sector, while growth levels in industry & non-professional services are also at a healthy level. Russian tech employers in particular have enjoyed a good year – though MBA employers in the country as a whole are hiring at lower levels than in 2013/14. Again, we expect a recovery next year.

MBA employers in Kazakhstan (we include Central Asia in our Eastern Europe grouping), on the other hand, have reported increased hiring, largely across industry & nonprofessional services sectors. In this, the education and construction/property industries have had a good year in particular.

Eastern European MBA employers like Eastern European talent, it seems. They are certainly less interested in hiring MBAs from outside their home region than those based anywhere else in the world.

Naturally, Western Europe is the exception, though it is notable that Eastern European employers are significantly less interested in hiring Western Europeans than vice versa. Employers’ key focus at this point in time, we can assume, is on doing business within the region, for which hires from one’s own home country or those nearby are perhaps best suited, for reasons of language and culture as well as business knowledge.

Russia, it appears, has not had a stellar year, with a decrease in average salary levels compounding the slowdown in MBA hiring. Perhaps we will see a recovery next year, if demand increases in line with expectations. Russia’s salary levels, however, remain the second-highest in the region, behind Western European-adjacent Poland, in which remuneration is at a very healthy level (albeit based on a relatively small sample of employers). Kazakh employers report higher salaries, consolidating a good year for the Central Asian nation.

Salary levels in the region overall are the lowest reported outside of Latin America. However, we must factor in a relatively lower cost of living into this equation, as well as the more insular nature of Eastern European employers.

 

Russia, it appears, has not had a stellar year, with a decrease in average salary levels compounding the slowdown in MBA hiring. Perhaps we will see a recovery next year, if demand increases in line with expectations. Russia’s salary levels, however, remain the second-highest in the region, behind Western European-adjacent Poland, in which remuneration is at a very healthy level (albeit based on a relatively small sample of employers). Kazakh employers report higher salaries, consolidating a good year for the Central Asian nation.

Salary levels in the region overall are the lowest reported outside of Latin America. However, we must factor in a relatively lower cost of living into this equation, as well as the more insular nature of Eastern European employers.

In other news

  • 7 Careers You Can Do with a Finance Other Than Banking

    7 Careers You Can Do with a Finance Degree Other Than Banking Finance is one of the most popular choices for postgraduate business study, with the Graduate Management Admissions Council (GMAC) reporting that 23 percent of potential students would consider a master’s in finance degree in 2018, topping the table for master’s programs (according to.. Read more >>

  • MBA Recruiter Interview: Barclays

    Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in two markets - the UK and the US. Barclays’ head of banking associate recruitment (at the time of this interview), Kristi Robson, says that, &.. Read more >>

  • Get inspired...3 Great MBA Graduation Speeches

    For business school students, May is an important month since it marks the end of the semester and for some students the beginning of post-MBA life. May is also a time where people are inspired by the words of graduation speeches. Here are some business school speeches that are up there with Steve Jobs' 2005 Stanford commencement speech. While business schoo.. Read more >>

Follow our link

Latest Tweets