Career Mobility of Bulgarians

Career Mobility of Bulgarians

Study on Career and Education Mobility

Discussion on How to Keep Talented Managers in Bulgaria 1

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

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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

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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 – Jobs.bg, Intelligence Group and The Network

Discuss on the “Brain Drain” tendency and how to keep talented professionals in Bulgaria

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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

5Source:*Data from UNESCO’s Global Education Digest 2011

Percentage of students going to study abroad (2011)*

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

6Source:

MBAMasters

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 reasons

7Source:

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

8* Data from GMAC’s “Profile of GMAT Candidates – Testing Year 2006 to 2011”, published 10/21/2011Source:

Number of GMAT

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

9Source:

Professional experienceManagerial experience

Return on investment

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

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Salary increase after MBA graduation?

Source:

46%

15%

31%

8%

Salary increase after an MBAНикакво 10-20% 20-50% 50-80%

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?

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Bulgarians willing to work abroad

Difference between people living in Bulgaria and Bulgarian expats Only 11% of the respondents are not willing to relocate for career

12Source:

I would like to work abroad

Bulgarian expatsBulgarians

Absolutely disagree

Disagree

Neither agree nor disagree

Agree

Absolutely agree

Where would Bulgarians like to work?

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

13Source:

In which country would you work?

51%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%

47%

In which country would you work?

Motivation to work abroad

People lining in Bulgaria look for better living conditions while expats look for career opportunities

Experience, challenge and development are major factors for expats

Over 50% want to escape the economic reality in Bulgaria

14Source:

Bulgarian expats Bulgarians

Other

Better living standard

Start international career

Start a new life

Spouse already working abroad

Option to gain experience

Meet new people/networking

Change the world

Learn a new language

Get to know new cultures

Challenge

Climate

Career development options

Bad economic situation in the country

Family abroad

Acquire professional experience

What do Bulgarians abroad work?

Bulgaria “exports” managers, banker, engineers, IT specialists and sales people

Many people in Bulgaria work in sales, administration and office administration, manufacturing and engineering

15Source:


Transport/ LogisticsTelecommunications

Social servicesSales

Science

Supply chainPublic servicesSecurity/Police

MediaMarketing/Advertising

Manufacturing, Manual labor, ConstructionLaw

Agronomy and nature sciencesIT and Automation

HR

HealthcareManagement

Accounting, AuditEngineering, Technology

EducationDesign, Architecture

Art, CultureBanking, Finance, Insurance

Administrative, Office

Hotel, Restaurants, Tourism

What can universities do?

16Source:

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 finance

In which sector do Bulgarians want to work?

Transport/ Logistics

Telecommunications

Social services

Other

Trade

Public services, Security/Police

Manufacturing, Maintenance, Service

Pharmacy

Law, Legislative Services

IT, Internet

Industry

Hotel, Restaurants, Tourism

Healthcare

Education

Banking, Finance, Insurance

Media/ CommunicationsManagement/ Consulting

Energy

In which sector would you prefer to work? In which sector do you currently work?

The role of companies in keeping talent?

17Source:

Employees in Bulgaria are very sensitive to payment, working atmosphere and security

To attract people with experience abroad companies need to provide not only good payment, but also good development opportunities and challenging tasks


Which factors are important when choosing a job?

Other

Skillful Management

International company

Paid vacation

Good image of the employer

Good social benefits

Trainings

In harmony with my personal beliefs

Good career opportunities

Challenging Job

Good working conditions

Good remuneration

Flexible working time

Responsibility

Permanent contract

Option for working half-day

Acceptable commuting time

Diverse tasks

Acceptable workload

Attractive products and services

Who wants to come back to Bulgaria after studying abroad?

18Source:

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

Top 10 desired working spheres at the event

13%

8%

8%

7%

6%5%

5%5%3%

3%

37%

Top 10 desired working spheres at the eventCareer in Bulgaria: Why not?(www.karieravbulgaria.com)

Management

Consultancy

Marketing

Banking/ Finance

Public sector

PR / Advertising

NGO

Sales / Business development

Media

IT

Others (33 sectors)

„Brain Gain“ – the Irish case

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„Brain Gain “: Attracting and employing highly qualified professionals

The Irish case :

Ireland during the 1950s

1/7 of the country’s population emigrates between 1950 – 1958

57% of boys and 49% of girls don’t have secondary education

Parents advise their children to leave Ireland

Low standard of living.

Measures taken by the Irish Industrial Development Agency

Electronics and Pharmaceutics as strategic priorities, promoting the

state to investors

Connecting with Irish managers of multinational companies working

abroad

1997 – nearly 60% of the agency’s expenses consist of new skills and

technology development

Developing industrial and technologic parks

Results

Agency manages to coordinate efforts of government, business and

education institutions

Ireland’s population increases by 25% between 1961 and 1991.

8th position in income per capita in 2010

Source:

„Brain Gain“ in Bulgaria

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„Brain Drain“ from Bulgaria: 1990 - 2000: nearly 16% of Bulgarian emigrants are highly qualified

„Brain Gain “: Coordination between business, education and government

Business

Strategic positions in companies

Cooperation with a network of professionals abroad

Cooperation with the education sector Bulgaria and abroad

Education

Developing creative thinking in schools, practical training

International education and research exchanges

Transnational research projects

„Brain Gain“ from other countries

Government

Sustainable, long-term policy

Improvement of the business environment

Supporting scientific development on a national level

Information policy

Source:

Thank you for your time

Your Contact

Kalina Krasteva

International Account Manager

Business Development - Europe

Tel:. + 359 2 984 10 74

Fax. + 359 2 986 09 36

[email protected]

[email protected]

www.accessmba.com

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Picture

Thank you!

Access MBA Event SofiaSheraton, 8 November 2012

www.accessmba.com 21