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MBA Talent Turns from Wall Street to Tech

More graduates from Harvard Business School are going into technology, preliminary career data published by the school shows. Technology companies hired 18 percent of MBA graduates from the class of 2013, up from 7 percent in 2008 and 12 percent in 2012. Financial service companies hired only 27 percent of the graduating class, down from 45 percent in 2008 and 35 percent in 2012.

Why are MBAs choosing tech over banking? Wall Street lost much of its appeal among MBA graduates since the financial crisis began in 2008, Bloomberg Businessweek reports. Technology, consulting, and venture capital have been more reliable employers. And companies like Amazon.com have aggressively pursued MBA talent. Amazon hires hundreds of MBAs annually, and is now the fifth-biggest employer of graduating MBAs and No. 4 on the list of most popular MBA employers, Businessweek reported in June.

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One Response to “MBA Talent Turns from Wall Street to Tech”

  1. The issue lies in the fact that the need to make a ‘Business Case’ and have a ‘Market Study, for each new venture has stagnated the economy.

    Some smart MBA suggested that we re-brand ourselves last year in order yo make our industry more ‘Palatable’ within society. The photograph in the upper left of this posting, now a few years old, shows me with 12000Tonnes of steel consumer detritus behind me at our load-out. I checked the scale yesterday for next week’s loading and there is 1900Tonnes in the yard collected since 2012-07-03.

    Our business case is a simple one; all the while people keep buying cars that come through our scale after an average of 9 Years and buy domestic appliances that last 4½ Years. we’ll continue to be in business, ‘Palatable’ or not.

    It is the addiction to ‘Market Cycles’ that is killing the economy

    Martin G. Smith

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