As we become increasingly intertwined with our personal technology MBA students have also become intertwined and attracted to the Technology industry. As BusinessBecause highlights in their recent article, The Tech industry has become a hotbed for MBA graduates.
Why the recent surge? For one, we’ve all become more invested and engaged with the technologies we use on a daily basis, as we become more familiar with technology we’re more in-tuned with the companies and organizations who are leading in this space. It’s not unreasonable to believe why places like Apple, Google, Microsoft and Amazon are some of the most sought after tech companies by MBA students.
As the article notes, many Career Services professionals at MBA programs across the globe are seeing interest from their students in technology-related careers. But is the feeling mutual amongst Tech companies? The short answer is yes.
Source: MBA Career Center Employment Reports
Across the technology industry, tech companies are hiring MBA’s with increasing frequency. Last year, 43% of UC-Berkeley (Haas) students entered the tech industry while 26.2% of UCLA (Anderson) students followed suit. Sloan’s Tech hires went up 6 percentage points and Fuqua doubled their numbers in a 1-year span. So where are students going?
Google – Google has one of the most sought-after internship programs for MBA grads. With over 100 summer interns the program draws thousands of applicants (Note: this is antidotal evidence from my sources..yeah I went there) for positions across all functions (People Operations, Finance, Consumer Operations, etc.) In 2013, Google took 15 hires from Anderson, 6 from Fuqua, and 9 from Sloan.
Amazon – Amazon has made significant investments in MBA recruiting as it looks to expand into everything in the retail space. It recruits across multiple functions such as operations and finance. Furthermore, it also has created Leadership Program tracks, such as the Retail Leadership Development Program (you are assigned to a retail category and do rotations) and the Product Manager Programs (assigned to a specific product) that have gained popularity amongst MBA students. In 2014, Amazon hired 23 MBA students from Michigan (Ross) 16 from MIT (Sloan) and over 10+ from UCLA (Anderson)
Apple – One of the most desired and respected companies by MBA students, period, Apple has and continues to hire MBA’s. With opportunities across areas such as Finance, Supply Chain, and Product Marketing, MBA hires are helping scale, build, ship, and sell more and more Apple products. This past year, Apple took 10 from Sloan, 9 from Fuqua, and between 5-9 from UCLA. *Important to note that Apple’s hiring of Fuqua grads doubled this year. While Fuqua MBA’s are some of the best, it probably also helps that Tim Cook (their CEO) is a Fuqua MBA grad. (Sorry guys, still love you)
LinkedIn – LinkedIn is no long the scrappy social networking for work site and has morped into both a consumer tech and enterprise software company. As a result, MBA’s have been coming into the organization for the past few years as LinkedIn has attempted to build revenue streams, grow its user base, and expand globally.
While LinkedIn does not hire in the numbers as perhaps Apple, Amazon, or Google, it still remains incredibly popular. If you don’t believe me, check out the LinkedIn MBA internship posting that has garnered over 2100 applicants. (Note: yours truly interviewed at LinkedIn last year. While I did not get the position it was a great experience that I’d be happy to share in a future post)
The Road Ahead
The future remains bright for MBA’s looking for opportunities in the Technology Industry. While the companies highlighted are incredibly well-known, there are plenty of other tech companies that exist who hire MBA’s. Some guidance for both prospective and current MBA students:
Prospective MBA Applicants – If you’re targeting to transition into the Tech Industry post-MBA, take a look at some of the employment reports of the schools you are targeting to get a sense of the opportunities that might be available
Current MBA Students – Also take a look at the employment reports, however, do a bit deeper knowledge and get a sense of within the Tech industry where your Alum are heading. In a separate article, I’ll cover the different types of tech companies, but look to see the size, geography, maturity, etc of companies, as well as the functions and positions that they are undertaking. One way to do this: do an advanced LinkedIn search of MBA Alum from your school who work at company X.