Worldwide demand for graduates with a masters in supply chain management and data analytics are driving salaries northwards, reveals the latest Corporate Recruiters Survey by Graduate Management Admission Council (GMAC).
Conducted with partners EFMD and MBA Career Services Council, the survey revealed that Supply Chain Management degree holders could expect to earn a median starting salary of $75,000, on par with the starting salary of Master of Finance graduates.
Similarly, in data analytics, the median starting base salary is $85,000, more than the starting salary for those with a Master’s in Management or Accounting.
The survey, now in its 50th year, says 46% of companies proposed to increase their starting salaries for supply chain talent at the rate of inflation and 20% plan to increase salaries above that level.
GMAC had received responses from 842 employers representing more than 530 companies in 40 countries. This was the first time the recruiters were specifically asked about plans to woo graduates from supply chain and data analytics programs.
The survey revealed that about a quarter of corporate recruiters were seeking Supply Chain Management and Data Analytics graduates.
The aim of the survey was to identify trends and plans in hiring practices across the globe and the demand for MBA and non-MBA graduates.
While 27% of the respondents said they propose to recruit for Supply Chain Management. 26% wanted to fill posts in data analytics.
The manufacturing industry topped the demand for supply chain program graduates, with 42% companies planning to recruit eligible candidates. About 40% of technology companies came next followed by 37% in the products and services sector.
The survey also found that 42% of technology companies proposed to recruit fresh Master in Data Analytics graduates, about twice as much as any other industry.
Straddling business development and IT, the business analyst is a linchpin of a new approach to resource planning and management. Both experienced and freshers could expect increases in starting salary levels and other positive changes to compensation as their role grows and gains more visibility in the enterprise.
Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. It involves coordinating and integrating these flows both within and among companies. (Image courtesy : flipboard.com)
