As a business owner, you need a sufficiently talented workforce if you wish to keep pace with the rapid market advancements and your top-performing competitors. However, searching for the most suitable candidates for your company is only becoming more of a challenge. When looking for new employees to fill up your ranks, you might find the market saturated with bachelor’s degree holders.
After all, recent research shows the number of students enrolled in undergraduate programs in the US to be 14.2 million as of Spring 2023. Compared to that, the number of those pursuing a graduate degree in the US is only 3 million. Considering the large number of bachelor’s students, it can become quite difficult and time-consuming to sift through their resumes to hire the top talent. But if you just look through the skills and academic records of the Master’s graduates applying for a position in your company, you’ll likely reduce much of the headache that comes with hiring new employees.
Read on to learn some of the ways your business can benefit from hiring Master’s graduates.
They have specialized training
The most noticeable perk that comes with an MBA graduate as an employee is that they bring some special training with them when they apply for a job in your company. So they have more of the pre-preparation to grow rapidly as compared to undergraduates or other job seekers with no training. There are programs designed to equip students with appropriate skills for many sectors, from general MBA to specializations in Accounting, Data Analytics, Engineering Management, Healthcare Administration, Human Resources, Marketing, and Project Management. So, when you hire an MBA program graduate, you won’t have to spend too much time training them as they’ll already have a solid foundation to build on.
2. Equipped to deal with a variety of market conditions
The graduate degree programs also enable the enrolled students to learn how to deal with a variety of market conditions. With their adequate background in business education, graduates come to your company ready to face any unexpected market conditions that may arise during their employment. This is one of the most useful skills that MBA programs can teach to potential candidates that can benefit your team, as economic conditions can change significantly in the blink of an eye.
As a result of the outbreak of COVID-19, many high-performing businesses faced bankruptcy and were even shut down because they could not adapt to economic fluctuations. However, if they had trained personnel that could adapt to different market conditions, their businesses would have likely survived the turbulence.
3.They are trained to be innovators
In addition to developing important business skills, another benefit of graduate programs is that they train potential employees to use their heads and be creative. Perceiving every task as a new puzzle waiting to be solved, they can bring innovation to your business model, strategies, and techniques and propose a more nuanced approach to tackling the challenges you face.
Also, don’t forget that they may be fresh graduates. That means they’ve learned some of the most recent advancements and trends in the business market during their college years. They might have valuable insights to offer that might prove more relevant to current times. Additionally, among the multitude of benefits of hiring fresh graduates is the fact that they’re more up-to-date with the latest technology. So, if you focus on hiring fresh graduates, you’ll be more likely to future-proof your company and set yourself apart from your competitors through the innovative strategies they bring to the table.
4. They have transferrable skills
A huge benefit of hiring graduates for your business is that you can easily transpose their academic skills to your business processes. Studying in a university, graduates gain experience in presenting, teamwork, meeting deadlines, handling workload, and engaging in persuasive arguments to explain their standpoint. All of these skills are sought after in the business world. So, instead of training less experienced undergraduates or employees with little to no background in higher education, you can save yourself some valuable resources like time and money if you make use of the transferable skills of Master’s degree holders.
5. They are more productive than experienced employees
Employees with years of experience may not always be at their highest levels of productivity when they work day in and day out in the same sector. Over time, their skills may also become a little outdated, considering the rapid technological progress. But if you hire fresh graduates, they’re more likely to be at their peak productivity levels as they’re just starting their careers.
With a plan in mind to meet their goals, they’ll make sure to do their best to help your company thrive while focusing on their own career progression. On top of that, if you provide regular training to enhance their skill sets and give opportunities for promotion through internal recruiting, they can end up becoming some of your business’s most loyal employees.
One of the most basic things any business needs in order to thrive is a skilled workforce. But instead of focusing on every job seeker available in the market, looking specifically for fresh Master’s graduates may prove more beneficial. With an enthusiasm to learn and adequate training in their respective fields, fresh graduates can contribute to a company in ways that other candidates on your list aren’t capable of.