Due to tech becoming more and more popular, the MBA’s value also grows exponentially. According to Andrea Masini, HEC Paris MBA program’s associate dean, the increase of digitalization in today’s world makes tech insanely popular.
Tech Conquers MBAs
According to Poets & Quants, no less than 22% of last year’s MBA graduates decided to build their careers in tech industry. In 2012, this percentage was only 16.5%.
Among the top MBA employers are Google, Microsoft and Amazon. The record for hiring the most MBA graduates belongs to Amazon – 1,000 annually. Companies like McKinsey & Co. and Bain & Co. hire only 500-550 MBA graduates every year.
Shashi Matta, MBA program director (Ohio State University’s Fisher College of Business) believes that Amazon is the perfect place for MBAs to develop their careers, as they always need fresh talent.
How Tech and MBAs Are Connected
Tech is a specific industry which requires a specific kind of business to manage it. That’s exactly why tech companies need MBA graduates so urgently. According to Masini, MBAs understand both the ‘language’ of tech and the ‘language’ of business, which helps them marry these two spheres. Professionals like this are in high demand.
Business schools do not allow themselves to fall behind with this growing demand on MBAs. For instance, UCLA’s Anderson School of Management has rehashed its curriculum to cater to tech companies as future employers.
Five years ago, technology was not considered to be a core area of education at business schools; that’s why business schools are now hiring tech specialists to complement the courses given by business teaching faculty. Changes in the MBA programs’ curriculum are driven by the shifting landscape of tech industry.
Staying up-to-date and giving students the most modern education possible is a challenge, but this effort is what makes future MBAs competitive on the job market, while simultaneously driving the growing demand to business schools that decided to keep up with the times.
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