How do we know for sure if the tech industry has a long time to live yet? It’s quite easy: just look at where the best MBA graduates are going to work.
A Poets&Quants report did exactly that, by addressing data from US and European top b-schools, and got interesting results.
Changes In The Tech Sector
In the report, 28 American and 5 European business schools have been analyzed. Eighteen of them stated that more MBA degree holders are finding new jobs in the tech industry (compared to the previous year), and twelve of them gave opposite information: less of their MBA graduates were getting employed in the tech sector.
Of the two schools left, one (the Spanish IESE) didn’t report their data for the year before the last, and the other (IE Madrid) didn’t have any changes to show. The average decrease in MBAs holding positions at tech companies was approximately 4.3%. Most universities reported a 2% (or an even smaller) drop. Only one of the surveyed higher education institutions (Vanderbilt University Grade School of Management) reported a more than 5% drop.
The plus side showed a 4.71% increase in fresh MBAs going into tech jobs. Five of the surveyed universities reported a more than 5% growth, nine gave only 2% increases. The school with the highest increase was Kellogg School of Management: here, tech-employed MBAs went up from 7% in 2015 to 22% in 2016.
Largest Companies Hiring Fresh MBAs
The recent years saw the tech sector become the biggest employer for freshly graduated MBA degree holders. For most of the surveyed universities, the most jobs were offered by Amazon: last year, the company hired 35 graduates from INSEAD, 34 from Michigan Ross, 23 from MIT Sloan and Kellogg, 19 from Booth and 15 from Duke Fuqua.
Five years ago, Google employed a meager 4 MBA graduates from Chicago Booth. But in 2016, the number surged to 12. For Kellogg, the largest employers are LinkedIn, Dell and Facebook, while at MIT, the top hiring companies are Amazon, Google and Microsoft.
Not only American business schools report such a significantly increased interest in MBAs from tech firms: in the Spanish IE university, the 2016 report states that the tech sector has become the largest source of new jobs for MBAs, leaving finance and consulting behind.
Many of the newly hired MBAs preferred to travel west to get employed: Silicon Valley doesn’t lose its popularity among university graduates.
Learn more about the business schools with the most successful graduates on MBA25 events!
Back to top