MBA in Singapore
The Master of Business Administration (MBA) is a master's degree in business administration
, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging in the late 19th century as the country industrialized and companies sought out scientific approaches to management.
The main objective of the MBA was to introduce students to the various core aspect of business management such as accounting, marketing, human resources, operations management and corporate laws etc to equip managers with the right skill sets to management efficiently. Students too tend to choose the Executive Master Programs based on the employment prospects since most are embarking on the program as a career pad/ launch pad for their professional success.
Asia Employment Outlook
Across the Asia Pacific region, year-over-year forecasts improve in each of the eight countries and territories surveyed, with forecasts improving from three months ago in six. The Manpower data shows employers in 31 of 36 countries and territories expect positive hiring activity in the third quarter, while those in four report negative hiring expectationsan improvement in comparison to the 13 European countries reporting negative outlooks 12 months ago. Globally, the strongest job prospects are reported by employers in India, Brazil, Taiwan, China, Peru, Australia and Singapore.
During the recent economic recession, however, the employment situation was grim, when the number of employers considering downsizing exceeded the number of employers willing to hire. But the situation seems to have changed since then for the aspiring managers. The recent employment study conducted by the Singapore arm of global human resource consultancy firm Manpower Inc. has shown positive changes in the employment situation. The report published by Manpower Inc. shows that for the first time since the recession has struck Singapore's economy, the employment situation of the country has excelled all the other 35 countries, where the study was conducted, but India. There is a significant 26% rise in the employment situation in the first quarter of 2010. The employers are expecting the positive trend to continue in the following quarters of the year as well.
Singapore Employment Outlook 2010
The latest official data estimates total employment here to have risen by 15,400 jobs in the third quarter, ending losses in the first and second quarters of this year. Employers in Singapore report healthy hiring intentions in Quarter 2 2010. With 28% of employers forecasting an increase in headcount, 4% predicting a decrease and 67% expecting no change, the Net Employment Outlook is an optimistic +24%.
HIRING momentum here is steadily picking up, according to the latest employment outlook survey by the Singapore arm of global human resource consultancy Manpower Inc, released yesterday.
Employment scenario by industry
The study has interviewed 699 employers from seven industry sectors and an impressive 69% of them are expecting to retain their existing workforce in the first quarter of the next year. A 27% percent of the employers are likely to increase their existing strength.
The employment situation seems rosiest for students considering MBA in Singapore for finance, insurance and real estate, where the demand for professionals is likely to increase by 37%. The employment is likely to increase in public sector, education, services and manufacturing industry too. In terms of increase in pay, the senior level and mid level managers and executives would continue to top the salary chart.
The report released by the Ministry of Manpower of Singapore is also optimistic about the current market trend of employment.
Situation for MBA aspirants
The changed employment situation is likely to promote the demand for Master Programs Singapore. Hence, in the coming days Universities in Singapore, such as Aventis School of Management, would see more students seeking admissions in their Executive Master Programs. Students, however, have to be careful in determining the return on their investment from the MBA in Singapore and therefore critical evaluation of the objectives for seeking admission in a business school Singapore is important.
http://www.aventis.edu.sg/
MBA in Singapore
By: SamuelTeo
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