Tech fever has swept through Georgetown McDonough, with the Washington based business school becoming the latest to report tech companies like Amazon, Apple and Google becoming magnets for MBA students.Tech now is the third most popular industry among Georgetown’s graduates and the third-best compensated among MBA graduates, data released on Wednesday show.
The findings follow a broader tech trend at the elite US business schools, as MBAs push into Silicon Valley companies like SAP, eBay and Adobe.
“Many technology companies consistently appear on ‘best company’ lists, making them among the more desirable companies for MBAs,” Doreen Amorosa, managing director of Georgetown’s MBA Career Center, told BusinessBecause. “And, of course, the compensation offers are typically strong.”
At Berkeley-Haas School, a staggering 43% of last year’s MBA class were employed in the technology industry, with Microsoft and Samsung among the top hiring companies.
MIT Sloan’s latest career report shows that 25% of the MBA class were employed into the high-technology industry — including electronics, internet and software businesses such as Dell and Facebook — up from 20% in 2012.
At UCLA Anderson School of Management, more than 75 MBAs from the class of 2014 accepted job offers from the tech sector, the highest of all industries and topping finance, which hired around 50.
Chris Weber, associate director for careers at UCLA Anderson, said: “Technology companies are often providing similar pay, little to no travel requirements as part of the job, great perks, and increasingly better exit opportunities.”
For Michigan’s Ross School, 17.6% of the MBA class this year reported working in the tech sector, higher than the 7.5% working in financial services excluding investment banking.
The tech migration is evident in Europe too. At the UK’s Cambridge Judge Business School, Google and Infosys are among the top five employers for 2015. For INSEAD, which has a campus in Europe, both Google and Amazon were last year reported as top MBA employers.
“A small number of high-profile tech companies have been growing their MBA level hiring rapidly,” said Christian Dummett at London Business School, highlighting Amazon.
Paula Quinton-Jones, director of career services in London at Hult International Business School, said: “Technology companies are seen to be the place of innovation and creativity, and this is really attractive to MBA candidates.”
The allure of tech has for some schools come at the expense of more traditional MBA industries, such as management consulting and finance.
Although overall employment at consultancy firms and banks remains robust, some schools report decreases: the percentage of Stanford GSB’s MBAs going into consulting fell to 16% last year from 27% in 2011. The percentage flocking to tech meanwhile has risen from 13% to 24% over the same period.
“While interest in finance has remained strong before, during and after the crisis, we’ve seen some interesting shifts,” said Roxanne Hori, associate dean of corporate relations and career services at NYU Stern School of Business.
At Harvard Business School, 8% less MBAs are entering investment banking than before the financial crisis. Yet the number entering technology has surged by 10% to reach nearly 20% of the class.
Student Reviews
Georgetown: McDonough School of Business
GWU - excellent investment for future
George Washington University is a good respected institution with strong programs in various studies, including project management, international affairs, politics, medicine and etc. The university provides students with good opportunities for internships and networking.
GWU has a diverse student body and a reputation for academic excellence.
Safety on campus
I have had an amazing experience at Georgetown University. The classes are enjoyable, the professors are exceptional, and I feel like I am receiving a worthwhile education. The people and faculty at this institution are extraordinary, and I have discovered my true self while being here. Additionally, I always feel secure on campus, as it is the safest place in town.
Georgetown is on top!
I've been enjoying this school so far. I wouldn't alter it, despite the fact that the school is on a hill and that it requires a lot of walking to get around it. For minority and first-generation students, there are a ton of services available. Even though the usual dorm rooms are modest, there is still plenty of area for storage. We have a ton of alternatives every day in the dining halls since they provide so many different dishes from so many different cultures
Physical and mental health
Georgetown is my second home. The pre-professional counselors are incredibly helpful, and I feel supported and inspired to pursue my aspirations. We are certainly ranked as the top research university in the nation. They place a high priority on the development of the students as well as their physical and mental well-being.
Wonderful university
Georgetown University is wonderful. The school's amazing diversity is one of its greatest strengths. The athletes are extremely committed to their sport, and the campus is amazing. The dorms are excellent! They are comfortable and spacious. If you ever find yourself bored on campus, you can always go off campus; it's fantastic. You'll never get bored dining in the cafeteria because the food is so delicious on campus.
Academics
The university's academics are what really set it apart; the lecturers are kind and motivating. Although it can be challenging to connect with the majority of students because they are so intense and competitive, social life and student life are what you make of them. It is undoubtedly a very difficult four years that are challenging to get through. But in the end, it strengthens you and provides you with a wealth of knowledge and incredible prospects.
Fantastic university
Georgetown university is a Fantastic university. The professors are outstanding, there are lots of ways to participate in campus life, and there are numerous groups and organizations where students can get involved. The campus is lovely and always kept clean, and there are people are willing to assist you 24 hours a day whenever you need help.
Review of Georgetown university
Being at Georgetown university has been one of my best experiences. The Professors are knowledgeable, approachable, and very helpful. You will fall in love with Georgetown because of its daily activities, the vibrant students you will encounter, the food served on campus, and the lush surroundings. The housing and dorms are fantastic. There is no better place than Georgetown University if you’re looking to study, discover new things, make lifelong friends, and have fun!
Academically challenging institution
Georgetown University is certainly an academically challenging institution, however, if you ask for assistance when you need it, the workload can be managed. Students are happy to assist one another, and most Professor want you to succeed. Student life is vibrant, the location is excellent and everyone here is friendly and welcoming.
4 Years as an Expat at Georgetown University
Georgetown University provided an exceptional environment for my academic journey as an expat from Italy. As someone who initially felt apprehensive about moving to a new country, Georgetown quickly alleviated my concerns and made my transition incredibly smooth.
One of the standout features of Georgetown is its diverse and welcoming community, particularly for international students. The campus is teeming with students from various corners of the globe, fostering a rich cultural tapestry that made me feel right at home. The vibrant campus life and numerous extracurricular activities offered ample opportunities to connect with fellow students, ensuring a well-rounded and fulfilling university experience.
Georgetown's unique setting within the heart of Washington, DC, adds another layer to its charm. While the university is situated in the bustling city, the campus in the historic area of Georgetown provides a distinct and almost intimate atmosphere. This blend creates a truly unique feel and contributes to an unforgettable educational experience.
Initially enrolled in the College with a desire to major in Linguistics and minor in Art & Journalism, I appreciated the flexibility and openness of the Georgetown education system. After my freshman year, I discovered my true passion lay in Marketing and International Business. The university's seamless transfer process allowed me to transition to the McDonough Business School, where I found the perfect fit for my academic aspirations.
Georgetown's commitment to helping students explore and find their academic niche is indeed one of its most commendable qualities. The ability to explore various subjects before settling on a major is a testament to the university's dedication to fostering individual growth and success. The journey from Linguistics to Marketing & International Business exemplifies the beauty of a Georgetown education — a dynamic and supportive environment where students can discover and pursue their true passions.
In conclusion, Georgetown University provided not only a top-notch academic education but also a transformative and enriching experience. From the welcoming international community to the unique campus setting and the flexibility to explore diverse academic paths, Georgetown stands out as a beacon of higher education that truly caters to the individual journey of each student.
