MBA Jobs Trends

ralph

692 1.074

Posted Jun 20, 2011 21:28

There's a good article in Business Week about shifts in MBA employment opportunity after graduation. Seems that a lot of the traditional big employers of MBAs (Goldman Sachs, Citigroup) are recruiting fewer and fewer grads from the top programs like Duke and Wharton.

Of course, this slackening is due to the crisis and the gutting of the financial sector.

But what's interesting is that there's a new crop of employers that are picking up this slack: think Apple, Amazon, etc - they're pulling more and more grads, and the result is that hiring is spreading away from financial centers like New York and to places all around the country, like Silicon Valley and the midwest.

Could be interesting to see how MBA programs adapt (or don't adapt) to this trend - maybe there will be more focus on innovation or other multidisciplinary studies and less on traditional finance. Maybe more schools will sprout in different places outside the old financial centers.

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ralph

692 1.074

Posted Jul 19, 2011 22:05

Stanford Graduate School of Business student Eduardo Hurtado, who is co-president of the finance and investment club, said that finance students are looking at hedge funds or venture-capital firms, rather than at traditional banks. "People don't want to spend [years] in a role before they get to have some kind of larger impact, which is something you can get in a smaller firm," he said.

Looks like this trend is continuing - I just saw a Wall Street Journal that polled MBA students on where they'd like to work after graduation - and Google/Facebook/Apple were all in the top 10.

Number one, though, was McKinsey & Co. - so in some ways, things stay the same. Good quote from a Stanford rep showing shifts in finance students' goals:

<blockquote>Stanford Graduate School of Business student Eduardo Hurtado, who is co-president of the finance and investment club, said that finance students are looking at hedge funds or venture-capital firms, rather than at traditional banks. "People don't want to spend [years] in a role before they get to have some kind of larger impact, which is something you can get in a smaller firm," he said.</blockquote>

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Evan2007

103 206

Posted Jul 20, 2011 16:44

What do you think a finance MBA means by having "some kind of larger impact"?

For some of the companies on that list - Apple, Google, etc. - I guess it's about identifying with innovative, growing, recognizable companies. Towards the bottom of that list are hundreds of other interesting companies, as well.

But oh, how dreams change. When you're a kid, you want to be a firefighter, astronaut, ninja or ballerina. Fast-forward twenty years later, and all MBAs wanna do is go work for McKinsey & Co.

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ralph

692 1.074

Posted Jul 20, 2011 17:35

What do you think a finance MBA means by having "some kind of larger impact"?

I think that what the author meant was that it's hard to have a lot of responsibility in financial firms until you've been there for a while. The perception is that at firms like Apple and Google, there is less corporate structure to climb. Although I'd point out that this is probably less true than people want to believe.

But oh, how dreams change. When you're a kid, you want to be a firefighter, astronaut, ninja or ballerina. Fast-forward twenty years later, and all MBAs wanna do is go work for McKinsey & Co.

Indeed. But it comes down to pure financial incentives: an entry level associate at McKinsey makes something like $110,000 (or something like that.) Fact is, most are going to worry about their bottom line first.

<blockquote>What do you think a finance MBA means by having "some kind of larger impact"?</blockquote>
I think that what the author meant was that it's hard to have a lot of responsibility in financial firms until you've been there for a while. The perception is that at firms like Apple and Google, there is less corporate structure to climb. Although I'd point out that this is probably less true than people want to believe.

<blockquote>But oh, how dreams change. When you're a kid, you want to be a firefighter, astronaut, ninja or ballerina. Fast-forward twenty years later, and all MBAs wanna do is go work for McKinsey & Co.</blockquote>
Indeed. But it comes down to pure financial incentives: an entry level associate at McKinsey makes something like $110,000 (or something like that.) Fact is, most are going to worry about their bottom line first.

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DanielBrow...

14 28

Posted Aug 16, 2011 09:15

You must try to go for a different course than MSC. A MBA would definitely help you get your desired course, but seeing your 10 years of experience, is suggest that you try for Harvard or Stanford kinds of colleges which would do justice to you. You must try for senior executive/manager MBA courses Now days because of a recent bumpy ride of recession, companies are not keen to spend more money on employees, instead they try to get the grads at lower pay than MBA holders and mould them to become corporate leaders. There have been cases of employees joining at the lowest level of the company and growing up to be the CEOs. The simple reason is because such people know the in and out of the business of the company.are available in many reputed B schools.

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