Jobs are increasing for MBA graduates in the tech sector. Recruitment trends have shown that tech giants are among the largest recruiters of MBA graduates, and career experts predict that a skill crunch and unpredictable business landscape could lead to a boom in MBA jobs in 2022.
Tech companies are doing well during the pandemic and will probably see the biggest increase in jobs for MBA students.
“The business model has changed significantly for most companies,” said Willem van Donge, head of career and personal development at Nyenrode Business University. “This type of mobility drives demand for MBA grads.”
So, what are some of the career trends for MBA aspirants in 2022 to be aware of?
Jobs booming for MBA graduates in tech companies
Even while working from home, employees of tech companies are able to do their work remotely without negatively impacting their productivity. Apple recently became the first company to be worth more than US$3 trillion, while Microsoft is expected to reach the same target in 2022.
To put things in perspective, his success amid the pandemic means he has increased his annual MBA hiring during this period. In 2019, 80% of tech companies reported plans to hire MBAs, but in 2021 the figure rose to 96%. It can create opportunities for international students.
“There has been an increase in demand for candidates with skills in analytics, machine learning and artificial intelligence (AI),” Michelle Kam, senior director of the Graduate Career Management Center at the UCSD Ready School of Management, was quoted by BusinessBus.
The current pandemic has only served to emphasize the importance of technology. An increasing number of MBA programs are incorporating a STEM element into their programs, benefiting both domestic and international students. The data also suggests that international students are the primary source of American technical talent.
More Jobs in Healthcare Sector for MBA Graduates?
Healthcare is another sector that is being molded by technological advances.
The investment has ushered in new technologies for predictive and preventive health care. According to a BusinessBecouse report, the global health app market—which was worth US$2.4 billion in 2017—is projected to reach US$102 billion by 2023.
At UCSD Ready, says Mitchell, healthcare and biotech are the top recruiting industries for the school’s MBA grad. He estimates that this will continue in 2022 as well.
At UCSD ready, healthcare and biotech are reaching the top as industries recruit for school MBA grads, Kama predicts this trend will continue into 2022.
Consulting Firms Remain Attractive to MBAs
Consulting firms have traditionally been the top recruiters of MBA graduates, and career experts expect this to continue into 2022.
The big three consultants — Bain & Company, McKinsey & Company and Boston Consulting Group — are often top recruiters for MBA graduates, said an expert familiar with the matter.
Consulting firms are considered the perfect fit for MBA grads, while the salaries are also attractive, with starting salaries in excess of US$160,000 annually.
“Even when the market isn’t great, there are opportunities for mentoring,” said Chris Garnett, head of postgraduate careers and employment at Alliance Manchester Business School.
Unsurprisingly, several consulting firms have also made it to Glassdoor’s 2022 list of the annual 100 Best Places to Work.
Opportunities in inclusivity and diversity
Sustainability is high on the political agenda and it is becoming increasingly important in businesses as well, with experts predicting a stability job boom.
Back in 2018, a BCG report found that companies with average diversity in their leadership teams achieved greater levels of innovation. Career experts believe that diversity is likely to be a significant focus for MBA recruiters in 2022.
NYU Stern associate dean of career services Beth Briggs said employers in all sectors are incorporating diversity and inclusion into job descriptions and are looking for candidates who demonstrate these core values.