Companies Demand More College Graduates for Top Executive Positions

By Catherine Groux
Posted October 23, 2012 10:00 AM

A master's degree can help individuals land top executive positions.
A master's degree can help individuals land top executive positions.
As countless baby boomers retire, many companies are struggling to fill their managerial positions with qualified employees. According to a new survey by the Career Advisory Board, one in five hiring managers feel very few applicants have the skills necessary to fill empty senior-level positions. Most of these employers said they were looking for job seekers who had strategic perspective, global outlook and general business acumen.

In order to develop these traits and become more attractive job candidates, many professionals opt to enroll in Master of Business Administration (MBA) programs. In fact, the U.S. Bureau of Labor Statistics states that most top executives - including company presidents, chief executive officers and executive directors - are required to hold a master's degree, frequently in a topic like business administration.

The Career Advisory Board survey draws similar conclusions, as 73% of hiring managers said an appropriate level of education is one of the top factors that lead individuals to their desired job.

On top of pursuing a degree, hiring managers said it is becoming increasingly important for future top executives to learn how to use social media, understand technology and develop a global business perspective. 

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