Career Mobility of Bulgarians


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Study of Career and education Mobility .
Description how to keep talanted managers in Bulgaria.

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Career Mobility of Bulgarians

  1. 1. Career Mobility of Bulgarians Study on Career and Education MobilityDiscussion on How to Keep Talented Managers in Bulgaria 1
  2. 2. Who we are?  Advent Group - offices in Paris and Sofia  Established in 2004  Organizer of over 300 events in 60 countries  International team of 45 specialists 2
  3. 3. What we do?  Access MBA and Access Masters Tour – One-to-One meetings  One-to-One – Advent Group is the creator of this format of events and leader in the organization of such events  Orientation and finding the right program for each candidate  Consultancy services for candidates MBA Access MBA Reach  Media for business education 3
  4. 4. Study on Education and Career Mobility  Data on Bulgarians interested in going for education abroad – Access MBA & Access Masters events  Data on Bulgarians willing to work abroad –, Intelligence Group and The Network  Discuss on the “Brain Drain” tendency and how to keep talented professionals in Bulgaria 4
  5. 5. Percentage of students going to study abroad (2011)* Education mobility – where does Bulgaria stand?  Second in the Balkan region and 5th in Europe in “exporting” students  About 10 % of Bulgaria’s students go abroad for their university education Source: 5 *Data from UNESCO’s Global Education Digest 2011
  6. 6. MastersMBA Where do Bulgarians go for MBA & Masters education?  Difference between MBA and Masters destinations – ranked business schools  Top education destinations use English as a main communication language  Many Bulgarians prefer distance learning, part-time programmes and local branches Source: 6
  7. 7. Motivation for MBA education  Difference between motivation for Masters and MBA students  Difference in candidates’ motivation with developed economies  Living abroad and starting an international career among the strongest reasonsSource: 7
  8. 8. Number of GMAT Management Education Demand in Bulgaria  GMAT is the main globally recognized admissions test for management education  Increase in test takers as a part of a global trend Source: 8 * Data from GMAC’s “Profile of GMAT Candidates – Testing Year 2006 to 2011”, published 10/21/2011
  9. 9. ProfessionalexperienceManagerial experience Profile of candidates who go for business education?  Over 50% of young managers want to go for international education  Motivation for experienced managers to do an MBA is increasing – relation to development opportunities Source: 9
  10. 10. Salary increase after MBA graduation? Return on investment Salary increase after an MBA Никакво 10-20% 20-50% 50-80% 8% 31% 46% 15%  Over 50% notice some change in payment  Top ranked business schools report average salary increase in salary of over 100%  The added value of an MBA – network, knowledge, way of thinking Source: 10
  11. 11. Global Talent Mobility Study, 2011  Global study - 66 countries  Scope - 29 358 people living in Bulgaria and 7 831 Bulgarian expatriates  Created by Intelligence Group, The Network и JOBS.BG inquiring people who use career websites  Data used is to show: • What motivates Bulgarians to work abroad? • Which are the most preferred employment destinations? • What is the difference between their desired and current employment? 11
  12. 12. Bulgarians willing to work abroad I would like to work abroad Absolutely Bulgarians Bulgarian expats agree Agree Neither agree nor disagree Absolutely Disagree disagree  Difference between people living in Bulgaria and Bulgarian expats  Only 11% of the respondents are not willing to relocate for careerSource: 12
  13. 13. In which country would you work? Where would Bulgarians like to work? In which country would you work? 51% 47% 47% 41% 33% 33% 30% 26% 25% 23% 23% 21% 20% 17% 16% 15% 14% 14% 12% 12% 11% 10% 8% 8% 7% 6% 6% 6% 5% 5% 5%  Language and economic development are major factors  The main working destinations coincide with the main education destinations  Countries with a good social security system are more preferred Source: 13
  14. 14. Motivation to work abroad Bulgarian expats Bulgarians  People lining in Other Bulgaria look for Better living standard better living conditions while Start international career expats look for Start a new life career Spouse already working abroad opportunities Option to gain experience Meet new people/networking  Experience, chal Change the world lenge and Learn a new language development are Get to know new cultures major factors for expats Challenge Climate  Over 50% want Career development options to escape the Bad economic situation in the country economic reality Family abroad in Bulgaria Acquire professional experienceSource: 14
  15. 15. What do Bulgarians abroad work? Bulgarian expats Bulgarians  Bulgaria “exports” Transport/ Logistics managers, banker, Telecommunications Social services engineers, IT Sales Science specialists and Supply chain sales people Public services Security/Police Media  Many people in Bulgaria work in Marketing/Advertising Manufacturing, Manual labor, Construction Law Agronomy and nature sciences sales, administratio IT and Automation n and office HR Healthcare administration, man Management ufacturing and engineering Accounting, Audit Engineering, Technology Education Design, Architecture Art, Culture Banking, Finance, Insurance Administrative, Office Hotel, Restaurants, TourismSource: 15
  16. 16. What can universities do? In which sector do Bulgarians want to work? In which sector would you prefer to work? In which sector do you currently work? Other Transport/ Logistics Telecommunications Social services Trade Public services, Security/Police Manufacturing, Maintenance, Service Pharmacy Law, Legislative Services IT, Internet Industry Hotel, Restaurants, Tourism Healthcare Banking, Finance, Insurance Energy Education Management/ Consulting Media/ Communications  Big difference between desired and current occupation  Most Bulgarians want to be in management, tourism, banking and retail  Increased demand for employees in retail, maintenance, manufacturing, education and financeSource: 16
  17. 17. The role of companies in keeping talent? Which factors are important when choosing a job? Bulgarian expats Bulgarians  Employees in Bulgaria are very Other Skillful Management sensitive to International company payment, working Paid vacation atmosphere and Good image of the employer security Good social benefits Trainings In harmony with my personal beliefs  To attract people Good career opportunities with experience Challenging Job abroad Good working conditions companies need Good remuneration to provide not Flexible working time only good Responsibility Permanent contract payment, but also Option for working half-day good Acceptable commuting time development Diverse tasks opportunities and Acceptable workload challenging tasks Attractive products and servicesSource: 17
  18. 18. Top 10 desired working spheres at the event Who wants to come back to Bulgaria after studying abroad? Management Top 10 desired working spheres at the event Career in Bulgaria: Why not? Consultancy ( Marketing Banking/ Finance 13% Public sector 8% PR / Advertising 37% NGO 8% Sales / Business development 7% Media 6% 5% 5% 5% IT 3% 3% Others (33 sectors)  Career in Bulgaria. Why not? – conference for Bulgarians willing to work back home  Over 40% of our expats are interested in management, finance, consultancy and other specialized fields Source: 18
  19. 19. „Brain Gain“ – the Irish case  „Brain Gain “:  Attracting and employing highly qualified professionals  The Irish case : Measures taken by the Irish Ireland during the 1950s Industrial Development Agency Results 1/7 of the country’s population Electronics and Pharmaceutics as Agency manages to coordinate emigrates between 1950 – 1958 strategic priorities, promoting the efforts of government, business and state to investors education institutions Connecting with Irish managers of 57% of boys and 49% of girls don’t multinational companies working have secondary education abroad Ireland’s population increases by 1997 – nearly 60% of the agency’s 25% between 1961 and 1991. Parents advise their children to expenses consist of new skills and leave Ireland technology development 8th position in income per capita in Developing industrial and Low standard of living. 2010 technologic parksSource: 19
  20. 20. „Brain Gain“ in Bulgaria  „Brain Drain“ from Bulgaria:  1990 - 2000: nearly 16% of Bulgarian emigrants are highly qualified  „Brain Gain “: Coordination between business, education and government Business Education Government Developing creative thinking in Strategic positions in companies Sustainable, long-term policy schools, practical training International education and Improvement of the business Cooperation with a network of research exchanges environment professionals abroad Supporting scientific Transnational research projects development on a national level Cooperation with the education „Brain Gain“ from other sector Bulgaria and abroad Information policy countriesSource: 20
  21. 21. Thank you! for your timeThank you Picture Your Contact Kalina Krasteva Access MBA Event Sofia International Account Manager Business Development - Europe Tel:. + 359 2 984 10 74 Sheraton, 8 November 2012 Fax. + 359 2 986 09 36 21 21