Over the last couple of decades, technology has been advancing at an exponential rate. As tech jobs become more lucrative by the minute, they are sought after by more and more graduates, especially MBAs. However, in order to land the coveted well-paid position, one has to adapt to the rapidly changing world of modern technology.
Theory and Practice Go Hand in Hand
Leading business schools are merging academic learning with hands-on experience. At Stern, for instance, the one-year MBA programme has been designed to fit the recruitment pattern of IT businesses, which often supplement their workforce with impromptu additions to keep pace with the swift advances in technology. Cornell Tech makes sure that everything the students have learned is put into practice immediately, which is extremely helpful for future tech employees who will have to develop new products and services from the ground up, Poets and Quants reports.
Moreover, MBAs learn how to work with experts in various fields, as it makes for better planning and increases productivity. Participants in the annual tech case competition at Berkeley Haas come from leading business schools across the United States. MIT Sloan teaches its students innovative business practices, which they can translate into action as they build their own start-ups. This encourages more students to start their own business even before graduation.
Tech-Enhanced and Environmentally-Friendly MBA
Business school graduates who understand technology have a better chance of securing a position at a prominent company. They need to be tech-savvy to be able to perform well in the technology-heavy working environment of today and market their employers’ products successfully. On the other hand, tech companies require the business expertise MBAs can provide. Business school graduates can help them grow and remain successful in years to come.
Nowadays, strategic planning obviously has to factor in environmental challenges. When such prominent tech giants as Google, Microsoft, and Amazon declare their commitment to solving the issue of climate change, it is only natural that they look to MBAs to lead them on a path to a more sustainable business. Unfortunately, many companies do not yet understand how to reduce their harmful impact on the environment, but this is exactly where business school graduates can help. They can analyse the risks and opportunities related to diminishing carbon footprint, for instance, and develop a strategy accordingly.
E-Commerce Companies Recruit MBAs
According to Quartz, Amazon leads the IT industry by the number of MBAs hired. Microsoft lags behind, having recruited half as many employees with business degrees. They are not the only ones looking for MBAs to enhance their workforce, as Alibaba is actively searching for business school graduates as part of its expansion strategy. Even though the company’s executive chairman Jack Ma has been known to dislike MBAs in the past, it seems his stance has changed.
Alibaba has established a training programme offering its participants an opportunity to learn and gain experience in China, where they work full-time at the e-commerce giant for a year. Having completed the programme, they are given fitting positions at Alibaba’s international offices. This initiative seeks talented people who are willing to take risks and able to make creative decisions under pressure.
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