Top MBA Recruiters: Hootsuite
In 2008, Ryan Holmes was trying to manage multiple social media networks while working at Invoke Media. Dissatisfied with the options, he, Dario Meli, and David Tedman developed their own platform that became the basis for Hootsuite.
Although Hootsuite began as just a trio, the company now has more than 1,500 employees and maintains 13 offices around the globe. As it is a still-expanding firm, the company is an alluring option for those who are interested in the challenge of finding new business and increasing a company’s presence in the marketplace.
Continue reading…New Bay Area Tech Jobs Emerge for MBAs
As every aspect of our lives increasingly becomes tangled in the tech’s tendrils, we have seen many opportunities for professionals from a wide swath of backgrounds accompany the rapacious growth of the industry.
MBAs, long ago personas non-grata in Silicon Valley, are now in high demand at iconic brands like Apple (CEO Tim Cook is a Duke Fuqua alum), Facebook (COO Sheryl Sandberg graduated with a Harvard MBA in 1995), and Microsoft (CEO Satya Nadella is a Chicago Booth alum).
This week’s new openings are largely found in California, with a litany of Bay Area Tech jobs ideal for MBA graduates who want to work in an environment where they can “move fast and break things,” to quote Mark Zuckerberg.
Top 5 Paying MBA Careers: Tech
In recent years, there has been a major shift in where MBAs end up after graduation, both in terms of geography and career paths. While plenty of MBA graduates still pursue traditional Wall Street careers in finance and marketing, many more have begun making in-roads into tech havens like Seattle, Austin, and, of course, the Bay Area.
The 5 Top Paying Tech Companies for MBAs
Everyone knows business school costs a pretty penny, which makes ROI one of the major deciding factors when pursuing both an MBA program and post-graduation employment.
At one point, MBAs were practically personas non grata in Silicon Valley. Today, tech is on par with traditionally lucrative fields of banking and finance in terms of MBA employment—likely due to the whopping salaries associated with the industry. IT management positions, for instance, boast a reported average salary of $113,000 USD.
5 Top Paying Tech Companies for MBAs
After being outpaced by Apple in the early part of this decade, Microsoft has made an impressive comeback in recent years. In addition to software development, the company has made significant strides in cloud computing, AI, cybersecurity, and gaming as well. Microsoft employs MBAs in a wide variety of positions with mobility across the company and no set career path. The company’s reported average starting salary is $116,473 and total compensation is even higher. Microsoft also boasts a better employer satisfaction rating than most of its high-paying tech peers.
Google has leveraged its access to user data in order to become a dominant force in online advertising technologies and cloud computing. The online search titan is known for its frighteningly competitive application pool and in-depth hiring process. For the MBAs that make the cut, the average starting salary of $121,979. Positions include sales and marketing, product management, finance and operations.
IBM recently made headlines when it acquired open-source software firm Red Hat. Whether or not this historical corporate buyout will help IBM get a leg up on the cloud computing market share, the company nonetheless offers MBAs an average starting salary of $124,714. With leadership development tracks for MBAs in consulting, product management, finance, and strategy, they can also opt to pursue the General Manager Leadership Development Program, designed for “top MBA graduates from leading global universities hired into IBM on an accelerated path to General Management leadership.”
Despite the Cambridge Analytica scandal’s huge blow to consumer and investor confidence, Facebook’s market share rebounded in just a few months after the news broke. The social media torchbearer continues to steadily grow its user audience and tally of digital tech company acquisitions. The common path to employment at Facebook is through its internship program. With an average starting salary of $126,292, potential MBA hires will need to be ready to develop relevant, hands-on leadership skills in order to take on the increasing AI and AR/VR focus of this company.
As the commanding leader of online retail sales in many parts of the world, not to mention major competitor in cloud computing, media streaming services, and mobile devices, Amazon is one of the top employers of MBAs across all sectors. Amazon offers multiple pathways to management, from mainstream internship opportunities to dedicated programs that groom MBAs to take on specialized leadership positions within the company. With a reported average starting salary of $123,970, Amazon shows no signs of slowing down when it comes to recruitment. The company’s income tripled from 2016 to 2017 and it consistently reinvests most of its money, which has spurred rapid, continual growth.
Stanford GSB Employment Report Reveals Record Salaries & Employers
For the fourth year in a row, Stanford GSB MBA graduates earned record high salaries with the mean base salary reaching $145,559. According to the 2018 Employment Report, this broke last year’s record compensation. On top of that, this year Stanford GSB grads also received jobs from a record 421 organizations for both summer internships and full-time positions. This demonstrated the broad appeal and diversity of Stanford MBAs.
Tech and Private Equity Interest Jump
Other highlights from this year’s employment report included an increase in interest in the technology industry. In fact, in 2018 it was the most popular industry, garnering 33 percent of alumni—an 8 percent jump from last year. Other top industries included finance, which garnered 31 percent of graduates with private equity being the most sought after area with 13 percent of graduates.
Since three years ago, the percentage of women going into private equity and venture capital has doubled. As for tech, this year a record 40 percent of women chose to work in the tech industry. This shift has many explanations, not the least of which is the coursework taught at Stanford. For Ashley Brasier (MBA ’18), all it took was the class “Entrepreneurship & Venture Capital from the Perspective of Women” to change her course from consumer tech to VC.
“This class showed me that there are several different paths into VC, and empowered me to pursue VC opportunities,” Brasier says.
This year, the number of non-U.S. work-authorized students who accepted jobs in the U.S. stayed flat at 74 percent. More likely than not, this is a result of global trends that are causing extra challenges for students seeking to move locations. This was also reflected in the $12,000 median salary gap between U.S. work-authorized and non-U.S. work-authorized graduates. However, “when controlled for industry and job location, for example in emerging markets, the salary gap diminishes and in some cases disappears,” says Yossi Feinberg, the Senior Associate Dean for Academic Affairs.
Higher Salaries and Steady Job Offers
This year, MBA graduates received the highest salaries ever. The median and average base compensation ranged from $142,000 to $145,559 respectively—$2,000 and $1,000 over last year’s record. Signing bonuses also increased this year by $1,600 to a record $31,146, with an unchanged median at $25,000.
Salaries also increased when it came to cash performance bonuses. This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527. As for stock compensation, 39 percent of the class—nearly two out of every five students—reported stock compensation of some kind.
“This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527.”
And when it came to job offers, numbers remained unchanged. For the Class of 2018, 88 percent of the class accepted offers 90 days after graduates with 95 percent receiving offers. As for where students received these offers, a record 421 organizations hired Stanford graduates this year.
“Our leading employers span a wide variety of industries—consulting, finance, technology, consumer products, healthcare, and nonprofits—but what they have in common are work environments that offer the ability to make an impact, optimize on career development, and provide diverse challenges and responsibilities,” says Carly Janson, the Action Assistant Dean and Director of the Career Management Center.
“In turn, our graduates chose opportunities they felt passionate about, and opportunities to make the world a better place.”
