Conor Farese, a second-year MBA student in the San Francisco Bay Area, has a simple explanation for why he expects to bypass the finance industry for a career in technology.
“Tech is sexy,” Farese, a student at the University of California-Berkeley Haas School of Business, said in an interview. “You know all the companies, you see these apps on your phone. That’s a big piece of it.”
Luckily for him and many other MBAs, Silicon Valley is hiring. A new study by the Graduate Management Admission Council found that 89 per cent of tech companies expect to hire such graduates this year, compared with 76 per cent of finance and accounting firms. Demand is strongest among health care, technology, and energy companies — followed by financial firms.
“We hire MBA talent because we know that they have a degree of functional excellence and bring a diverse set of experiences and perspectives,” said Priya Priyadarshini, senior human-resources director at Microsoft Corp. “We find MBA students to be data-driven and passionate about technology and what it can do to better the world.”
Of all employers, 81 per cent plan to add MBAs this year, up from a 70 per cent hire rate last year, the study found. The biggest increase came from the smallest of firms, as 77 percent of startups said they are looking for MBAs, compared with the 2017 hire rate of 55 per cent.
Nearly 200,000 people attain MBAs e...