Job Market for MBAs Diversifies
On the heels of a Wall Street Journal report in early June that MBA graduates were having more success in landing jobs than in the depths of the financial crisis, Businessweek reports that the job market for MBAs has diversified.
Now, the list of major recruiters of MBA students includes Apple and Amazon. At Amazon, MBA recruits are primarily hired for the retail, Web services, operations, and finance teams, Businessweek reports. IBM is another technology giant that has been hiring more MBA grads.
Business schools are also noticing an increase in nontraditional MBA employers, such as charter school organizations, who might hire one or two MBAs apiece, Businessweek reports.
Students themselves are choosing different paths than they did just a few years ago. Although hiring has nearly returned to pre-recession levels at Morgan Stanley and Goldman Sachs, according to the Wall Street Journal, Businessweek notes that some finance MBAs who might ordinarily head to big investment firms are choosing hedge funds where they would have more autonomy.
"This generation in general is looking for opportunities that will have an impact, and oftentimes you find that in smaller organizations where they can get more exposure," Jana Kierstead, director of MBA career services, told Businessweek.
