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New hires wait to hear the fate of their jobs with Bear Stearns as financial hiring in general appears shakier The stunning collapse and fire sale of investment house Bear Stearns (BSC)—a major employer of business graduates—has added another worry to an already shaky hiring outlook for business grads, college officials say. While major career services organizations haven't entirely reversed earlier predictions that the hiring market for 2008 grads is going to be strong, reports of recruiters cutting back on the number of job offers and, in some cases, lower starting salaries are beginning to surface. Reductions are not just happening

New MBA grads start at $92,000 per year Newly minted MBAs are averaging a starting base salary in the United States of more than $92,000, a Virginia-based industry group said Friday. The Graduate Management Admission Council said that the average new MBA with a job offer in hand will earn $92,360 during their first year of employment, up 4.2 percent from the $88,626 graduates in 2005 received. Moreover, two-thirds of job offers to MBAs in 2006 come with signing bonuses that average $17,603, up slightly from last year. More: news.monstersandcritics.com

Close to half of this years 218 MBA grads are traveling to Athabasca tomorrow to receive their degrees in person at Athabasca Universitys Convocation ceremony. The AU MBA Class of 2007 represents every region of Canada, the United States and several other countries including Australia, Germany, Yemen, Switzerland and Kenya. As Dr. Lindsay Redpath, Executive Director of the Centre for Innovative Management, home of Athabasca Universitys online graduate management programs notes, We have a great turnout for Convocation, reflecting the truly international character of AUs MBA program, and its impact on the Canadian and global business communities.

Its not easy to please these MBA grads A five-figure salary, accommodation, car and other frills are just not enough to hook these management graduates. MNCs queuing up at citys B-schools could do well by considering this: Make the job profile more appealing. Package is not the only consideration. I can compromise on a few thousands, but the job should be to my liking, said Divjot Gill, a final year MBA student at Punjab College of Technical Education. At PAU Business Department, a few students, in fact, refused to sit for interviews as they did not fancy the job profiles posted

New international service to link MBA graduates, business schools and recruiters Exec-appointments.com is launching a new service to bring together MBA graduates from leading international business schools and key, senior executive recruiters. MBA-Direct.com will provide a unique resource for business schools to link their MBA students and alumni, at every stage of their career, to the most significant recruiters of MBAs. Betty Thayer, chief executive of exec-appointments.com, said the service would fill the current vacuum for a professional one-stop resource. There are resources available but they are not harnessed together in one easy to use site. More : onrec.com

ICFAI rural MBA finds bevy of recruiters While IIM students may be attracting Rs 1-crore salary packages, ICFAI National College, that offers business management programmes for the masses, is churning out foot soldiers for financial services and retail companies who are looking at hiring B-school grads for their tier-II and rural operations. ICFAI National College, with 155 centres in towns like Warangal and Nasik, is emerging as a key talent resource for BFSI and retail companies who are scouting for talent in small towns. These companies want local talent pool in large numbers, who can speak the native language. As these

UNCG grads receive their diplomas The University of North Carolina at Greensboro handed out about 1,000 diplomas Thursday at its December commencement. The ceremony was held at the Greensboro Coliseum. The head of the schools MBA program delivered the commencement address. Family and friends packed the coliseum. Many of them said a December ceremony is bonus to the holidays. Im overwhelmed, said Evette Taylor. My niece, Latisha Tranell Wilkins, is graduating and Im here supporting her. I have my sister, my niece and my nephew here with me. Its overwhelming. About 500 students who graduated in August were also able to attend the commencement ceremony. Source

Employers plan to boost the number of new MBAs they hire in 2007 and are reporting less interest in people with only an undergraduate education, new research from the Graduate Management Admission Council® (GMAC®) shows. Corporate recruiters expect to hire an average of 18 percent more workers with MBAs and other graduate business degrees this year than they did in 2006, according to the 2007 GMAC Corporate Recruiters Survey. This increase follows the 18 percent jump in MBA hiring recruiters projected in last years survey. The survey also found that employers plan to increase the number of jobs for people

Grads gain the advantage The lean job market college graduates faced in the first half of the decade is gone, and companies are upping the ante to obtain the best talent. Stephen Richardson knew what he wanted, waited for it, and got it. The management major from Purdue University in Indiana wasnt tempted to take the first job offer he got last October - something job seekers in a dicier economy might do. He also passed on three other offers. His patience paid off. After graduating later this month, Mr. Richardson will have his dream job waiting for him. I knew what I

State to have more MBA, MCA grads With eight new colleges— offering MBA and MCA programmes—joining the admission process, another 720 seats have been added to the seat matrix this year. This means, admissions to these courses—which were supposed to be completed by September 4—will go on till September 11. It is even learnt that four more colleges are expecting the nod from the All India Council for Technical Education (AICTE). Following the developments, the AP State Council of Higher Education (APSCHE)—the apex body of higher learning in the state—has been forced to conduct an additional phase of admissions. It will

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