MBA graduates are in high demand in the technology sector.
According to recruiting statistics, digital behemoths are among the top recruiters of MBA grads, and career experts anticipate that skills shortages and an unpredictable economic landscape will fuel an MBA jobs boom in 2022.
“Business models have changed drastically for most companies,” Willem van Donge, head of the career and personal development at Nyenrode Business University, told BusinessBecause. “These kinds of dynamics make a demand for MBA grads stronger.”
During the pandemic, technology businesses have performed well and will most certainly have the greatest increase in job opportunities for MBA students. Even while working from home, employees at technology organizations may execute their tasks without sacrificing productivity. Apple recently became the first firm to be valued at more than three trillion US dollars, with Microsoft on track to do the same in 2022.
The annual hiring has increased for MBA graduates during the COVID-19 period. In 2019, 80 percent of tech organizations stated plans to hire MBAs, but by 2021, that proportion had risen to 96 percent. This might be a boon for international students. The present pandemic has only emphasized the importance of technology. An increasing number of MBA programs are including a STEM component in their curriculum, which benefits both domestic and international students. Data also reveals that international students are a major source of tech talent in the United States.
Healthcare is another industry that is being shaped by technological advancements. Investing has resulted in the development of new technology for predictive and preventative health care. According to BusinessBecause, the global health app industry was valued at US$2.4 billion in 2017 and is expected to reach US$102 billion by 2023.
Healthcare and biotech are the top recruiting industries for University of California San Diego Rady MBA graduates, according to Mitchell. He expects this to continue in 2022. According to Kam, healthcare and biotech are coming to the top of the list of recruiting industries for UCSD Rady MBA graduates, and this trend is expected to continue in 2022. Consulting firms have generally been the top employers of Graduate students from business schools, and experts predict that this trend will continue in 2022.
According to an analyst knowledgeable with the topic, the three major consulting firms, Bain & Company, McKinsey & Company, and the Boston Consulting Group, are frequently the top recruiters for MBA grads. Consulting businesses are thought to be a good fit for MBA graduates, and the remuneration is likewise good, with beginning salaries of more than US$160,000 per year.
“Even when the market isn’t great, there are usually opportunities in consulting, “said Chris Garnett, head of postgraduate careers and employability at Alliance Manchester Business School.
Unsurprisingly, several consulting firms have reached Glassdoor’s annual list of the 100 Best Places to Work in 2022. Sustainability is high on the political agenda, and it is also becoming increasingly important in business, with analysts forecasting an employment boom in the field. A BCG analysis from 2018 discovered that organizations with above-average diversity in their leadership teams had higher levels of creativity. Diversity, according to career experts, will be a major concern for MBA recruiters in 2022.
According to Beth Briggs, associate dean of career services at NYU Stern, businesses across industries are adding diversity and inclusion in job descriptions and looking for individuals who show these core principles.