Specialised skills are killing it! MBA seen losing edge
MBA degree — regarded by many as a ticket to the corporate corridors — may just be losing its premium value in the job market.
Average monthly active job openings with MBA as minimum qualification at entry and mid-junior (0-6 years' experience) levels dropped by 55% in 2023 versus a year ago, according to data from LinkedIn and other popular job boards put together for ET by Xpheno. This compares with a 25% decline in the overall white-collar job market in 2023.
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«It is undeniable that skills are the new currency,» said Rajkamal Vempati, head HR at Axis Bank. «Companies are looking at newer cohorts of skill sets. Most of the new hiring is happening in skills such as legal, cybersecurity, data analytics, and engineers,» she said.
Axis Bank's hiring of MBAs is almost stagnant or at the same level as the previous year while hiring in newer skill areas is growing, Vempati said. Companies are also looking at multiple talent cohorts for entry-level
