Job Market Is Picking Up for MBAs, Especially Overseas

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By Kelley Holland, Special to CNBC

It's a great time to be an MBA—if you don't care where you live.

In a new survey, 80 percent of employers said they intend to hire MBAs this year, up from 73 percent in 2013.

In contrast, the share of those employers intending to hire college graduates decreased slightly over the past year, to 74 percent from 75 percent.

The report, which was conducted by the Graduate Management Admission Council, which administers the standardized test often required for business school admission, also suggested MBAs graduating this year should keep a suitcase handy. The biggest pickup in recruiting is outside the United States.

"You are seeing larger growth in demand for MBAs in Asia, a welcome, noticeable increase in Europe and a slight uptick in the U.S.," said Michelle Sparkman-Renz, director of research communication at GMAC.

In the Asia-Pacific region, the percentage of employers planning to hire MBAs increased by 13 percentage points from 2013 to 2014, from 70 to 83 percent, and in Europe the percentage of hiring-minded employers increased from 52 percent to 61 percent. But for U.S. employers, the increase was just 5 percentage points, from 81 percent to 86 percent.