MBA Students, Employers Find Innovative Ways to Stand Out in a Tight Job Market: Deloitte Poll
NEW YORK, Oct. 24, 2012 — The majority (95 percent) of students surveyed from top graduate business schools in the country feel the need to distinguish themselves from their peers and are finding new and creative ways to do so in light of a challenging economy, according to a new poll conducted by Deloitte. Students polled participated in the sixth annual National MBA Human Capital Case Competition, funded by Deloitte and General Electric (GE), on Oct. 20-21 at Vanderbilt University’s Owen Graduate School of Management.
Results of the Deloitte poll show the majority of students have been leveraging social media and opportunities provided by employers, such as the Human Capital Case Competition. Ninety-two percent of students surveyed believe these types of professional practice opportunities are effective ways to distinguish themselves from their peers. In addition to providing top MBA students with a way to stand out, employers are also able to differentiate themselves as innovative employers in the market and thus attract top talent.
Additional strategies identified in the survey as useful for gaining traction with respect to employment post-graduation include: attending networking events (100 percent) and industry/job-specific career fairs (69 percent); joining social media groups (88 percent) and professional business societies (51 percent); and participating in mock interviews (72 percent).
Samuel Curtis Johnson Graduate School of Management at Cornell University captured top honors at the competition, which recognizes student teams’ problem- solving and analytical skills, creativity and ability to stay focused under pressure. University of Southern California Marshall School of Business and The Yale School of Management collected second-place and third-place honors, respectively.
This year’s competition engaged MBA students in solving real-world human capital business issues, allowing Deloitte and GE to glean insight into the participants’ perceptions of some of today’s most pressing workforce issues to better understand the goals, expectations and desires of this next generation of leaders.
“Today's top talent is increasingly savvy at developing new strategies to stand out in a competitive job market,” said Garth Andrus, a principal with Deloitte Consulting LLP’s human capital practice. "Many are turning to social media sites to help secure interviews and some are entering case competitions, like the National MBA Human Capital Case Competition, to get a leg up on their peers. We have learned as much from the students as they have from being involved in solving real world problems. Moreover, we are fortunate to have had a number of great competitors from past events join Deloitte.”
Following is a list of the 12 MBA programs (listed in alphabetical order) chosen to compete in teams of five for $14,000 in cash prizes and be named National MBA Human Capital Case Competition champions:
For more information about the Human Capital Case Competition, please visit http://www.humancapitalcasecompetition.com/.
About Deloitte’s Human Capital practice
Deloitte helps organizations effectively manage their human capital to drive business growth. It does this leveraging advanced analytics to develop talent management and business-driven HR strategies to deliver results. Deloitte is a leader in human capital consulting, bringing a combination of business, industry and HR knowledge, supported by the breadth of services and capabilities of a multidisciplinary professional services organization and global network. For more information, please visit http://www.deloitte.com/humancapital.
As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.