Career shift for graduates as tech giants lookout for MBAs

If the recent employment data of 2014 for education recruitment is anything to go by, more than two leading B schools of USA have placed their students in the technology industry in large numbers.

Ross School of Business saw double the recruitment from last year as more than 25 of its business graduates were picked up by the online commercial biggie Amazon. The rise in technological interest amongst students has been widely noticed with more than 15% of students chose the sector, a huge increase from the past 2 years.

Similarly, Tuck Business School saw a huge upsurge as close to 60% of technological companies hired MBAs and the rise is a massive jump from 5 to 18% of students being taken in the industry.

Wharton School of Business too saw tech companies hiring more than 14% from the MBA batch, making it a positive lurch as compared to the 11% of last year. And apart from the Ecommerce stalwarts like Amazon, Google and Microsoft, the tech beginner groups are also lapping up MBA graduates as digitization merges with business. And European B school numbers are also likely to follow suit soon as the e-companies keep on leading the technological pack. While Amazon seems to be recruiting across the globe, the other companies are also inching closer at hiring MBAs.

The interest has usually been noticed in the web service department with more than 10% of the Wharton batch getting into internet companies. The change in mentality among students regarding the attractiveness of the nature of the firm is based on the financial crisis that hit a few years ago. Based on that and the general attractiveness of the World Wide Web and its services, students are gearing up to get into them. The reports shed light on the massive pay packages the global companies are offering for graduates. Compared to the other sectors of media, healthcare the tech companies offer less to their employees. Technological industries, for an example, paid $115,000 to Wharton pass outs whereas private firms pay around $140,000.

And that is possibly the difference with Stanford, where students choose the traditional financial service industry over tech companies with 3-5 % of increase from last year. Those 12% of the batch who accepted the jobs at private equity got close to $170,000 in median salary. And apart from the pay package, the sign on bonus in private is also more as compared to any other sector- a whopping $46,250.

However, business schools are still being the targets of the technological companies as more and more students are getting attracted to the possibilities of the internet and its varied services. And with IT developing like no tomorrow, the change is here to stay.

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