According to the Graduate Management Admission Council, writes Chad Brooks in Business News Daily, nearly three-quarters of businesses plan to hire MBAs in 2012, up from 58 percent in 2011. This is surely a welcome turn of trend for the legions of would-be salary(wo)men out there longing for a shot at a Global 1000 cubicle. It has been an employer’s market for too, too long. If you believe GMAC (which certainly wants you to because they make their clams by selling the GMAT exam for $250 each, the volume of which further declined 3% in 2011 from its 2009 peak), then times are ahead when employers will again actually be competing with one another for attractive MBA hires. In this scenario, the level of competition will be even higher due to the dip in MBA enrollments over the past three years (as much as 15% in the USA), creating a temporary shortage of this sought-after commodity, er, human being.
Keen job-seekers in Davos, Switzerland aren’t taking any chances, however. Not content to relax by the XBox waiting for those recruitment letters to arrive, they are camping out in igloos, probably armed with stacks of CVs, to be first in the queue when global executives emerge from optimistic World Economic Forum sessions on the lookout for new talent.
Oh, wait! Sorry. Those are Occupy WEF protesters who have traded their tarps and tents for the white stuff. Mic check, anyone?
But just in case they have a change of heart, out there in the cold and wet while the corporate elite recreate indoors, here’s a great tool for tackling a still-recalcitrant job market with some high-powered corpspeak. This will totally impress: the Random Financial Advice Generator. Just click the button and walk away with the kind of beta people (in Davos, anyway) pine for.
Here’s one of my favorites: ”Arbitrage-free capital structures: in unsecured sectors, plan to securitize them.”
Or how about “The smart investor this season will be sure not to amortize liquid REMICs.”