As Artificial intelligence (AI) and Business intelligence (BI) have moved from concept to reality, top tech companies in every segment (e.g., Internet services, Hardware, Software, etc.) are offering exciting opportunities for MBA graduates.
The average salary range of MBA graduates from the top business schools in the Tech is between $54,989 –$2,00,000, and the best-paying jobs in technology include Data Scientist ($130,000), Site Reliability Engineer ($200,000), and Machine learning engineer ($189,000).
The tech giants, also known as “Big Tech” – Microsoft, Facebook, Amazon, Apple, and Alphabet, heavily recruit MBA graduates with robust knowledge in technology. Besides, every year since 2010, 20,000 new tech-related jobs have been created in the US alone, and due to the shortage of Tech workers with relevant skills, many business schools are incorporating tech-inspired MBA curriculum (e.g., STEM MBA programs).
Moreover, the lack of skilled tech workers tells us the scope of opportunity for MBA graduates.
Some of the business schools that have recently incorporated STEM designation to their MBA program are Yale SoM, Northwestern Kellogg, NYU Stern, Columbia, Dartmouth Tuck, UNC Kenan-Flagler, Michigan Ross, UC Berkeley Haas and Tepper School of Business.
A few of the top tech companies to work for in 2023 are Facebook, LinkedIn, Amazon, eBay, Apple, Cisco, Google, and Microsoft, according to Vault Technology rankings.
But how do employees of these top technology companies rank their firms? Also, which are the highest-paying tech companies, and what skills are required to pursue a career in Tech?
In this article, we analyze the top tech companies to work for in 2023, based on various parameters such as the number of MBA graduates hired, compensation, and job satisfaction. The article also covers the skills required to pursue a career in Technology.
Here is an outline of the article:
Top Tech Companies to Work for in 2023
To evaluate the top tech companies, we have taken rankings from PayScale Report based on the average salary, job satisfaction, job meaning, and job stress. Also, Vault’s Technology ranking is taken into consideration where the classification is on executive ratings in categories such as benefits, salary, quality of life, career advancement, and overall satisfaction.
Here is the list of Top tech companies to work for in 2023:
- Microsoft
- IBM
- E-bay
- Adobe
- Amazon
- Apple
- Cisco
- HP
- Intel
- Oracle
- Salesforce
- Samsung
- SpaceX
- Tesla
- Qualcomm
Best Paying Jobs in Technology
The technology firms are known for offering perks like onsite gyms, doctors, stock options, etc. According to the PayScale report on Top Tech Company’s salaries, Facebook employers report the highest median salary of $116,800, followed by LinkedIn ($110,800), and Google ($106,900).
However, if we compare the salaries of employees with ten or more years of experience, experiences LinkedIn employees take home $159,600, followed by Salesforce ($154,600) and Google ($151,600).
When it comes to job satisfaction, Facebook ranks number 1, with 96% of job satisfaction followed by Google (89%), and Adobe (84%). However, the percentage of employees at SpaceX reports the highest level of job meaning (92%) followed by Tesla (89%), and Facebook (78%).
In addition, 88% of SpaceX employees say that their jobs are stressful, followed by Tesla (70%), and Samsung (69%).
The following table represents the Top Tech companies to work for, after taking their average compensation and work culture into account:
Highest-paying Technology Companies
| Top Tech Companies | Early Career Median Salary | Mid-Career Median Pay | % High Job Satisfaction | % High Job Meaning | % High Job Stress |
| $116,800 | $149,300 | 96% | 78% | 44% | |
| $106,900 | $151,600 | 89% | 72% | 53% | |
| Microsoft | $102,500 | $139,700 | No Data | 59% | 58% |
| $110,800 | $159,600 | 0% | 0% | 0% | |
| IBM | $72,700 | $112,700 | 59% | 40% | 62% |
| e-Bay | $88,900 | $136,000 | 78% | 55% | No data |
| Adobe | $91,900 | $141,900 | 84% | 24% | 47% |
| Amazon | $81,900 | $130,400 | 69% | 42% | 66% |
| Apple | $91,300 | $145,400 | 73% | 74% | No data |
| Cisco | $83,800 | $134,700 | 76% | 60% | 52% |
| HP | $65,400 | $104,200 | 84% | 41% | 56% |
| Intel | $85,800 | $129,400 | 72% | 66% | 61% |
| Oracle | $71,400 | $126,400 | No Data | 32% | No Data |
| Salesforce | $84,800 | $154,600 | No Data | 54% | 55% |
| Samsung | $65,900 | $143,000 | No Data | 36% | 69% |
| SpaceX | $78,500 | No Data | No Data | 92% | 88% |
| Tesla | $81,400 | $118,500 | 70% | 89% | 70% |
| Qualcomm | $94,400 | $132,500 | Not Data | 50% | No data |
0% – Less data available to calculate the value. Source: PayScale
For the above data, we can say the highest paying technology companies are Facebook, Google, Microsoft, and LinkedIn. Apple and Amazon have been the Big tech companies offer comparatively less salary. However, mid-career salaries, as well as job satisfaction, are high for big Tech.
Want to pursue a career in Technology? Top Tech companies heavily recruit MBA graduates but, to get admission in top business schools requires a good GMAT score. Start your GMAT preparation with our FREE Trial and get access to FREE GMAT preparation resources.
Rankings
The ranking for Tech companies are divided into three Tech industry segments:
- Hardware and Equipment Companies
- Software and Computer Services Companies
- Internet and Social Media Companies
The following table represents the ranking of the top tech companies based on benefits, career advancement, salary, quality of life, and overall satisfaction:
Ranking Top Tech Companies
|
Rankings |
Best Hardware & Equipment Companies |
Best Software and computer Services Companies |
Best Internet and Social Media Companies |
|
1. |
Apple Inc. |
Microsoft Corporation |
Amazon.com Inc. |
|
2. |
Hewlett-Packard Company (HP) |
Oracle Corporation |
Google LLC |
|
3. |
Dell Inc. |
Salesfroce.com |
Facebook Inc. |
|
4. |
Cisco Systems Inc. |
Sap America Inc. |
LinkedIn Corporation |
|
5. |
Intel Corporation |
Intuit Inc. |
Twitter Inc. |
|
6. |
International Business Machines Corporation (IBM) |
Adobe Inc. |
Netflix Inc. |
|
7. |
Xerox Corporation |
Electronic Arts Inc. |
Snap Inc. |
|
8. |
Qualcomm Incorporated |
Symantec Corporation |
Yelp Inc. |
|
9. |
EMCF Corporation |
Avaya Inc. |
Loon LLC |
|
10. |
NCR Corporation |
Computer Associates |
eBay Inc. |
From the above ranking, we can say the best technology companies include Big Tech. HP, Dell Inc., Cisco, and Intel ranks in the top five hardware and equipment companies. On the other hand, Oracle, Salesforce, Sap American, and Intuit Inc. makes the cuts for the best software and computer services companies.
Amazon, Google, Facebook, and LinkedIn rank in the top five internet and social media companies.
Top Business Schools in Tech
The average salary range for the top business schools in the Technology industry is between $ 54,989 – $ 2,00,000. The following table contains the employment and salary data for Best Tech MBA programs in 2023:
| Best Tech MBA Programs | Percentage by Industry | Salary Range / Median Salary |
| Foster School of Business | 60% | $54,989-$160,000 |
| Stanford GSB | 33% | $70,000-$2,00,000 |
| Tepper School of Business | 32.40% | $130,000 |
| UC Berkeley Haas | 31.70% | $130,000 |
| UT Austin McCombs | 30% | $119,000 |
| UCLA Anderson | 29.50% | $55,000-$160,000 |
| Northwestern Kellogg | 28.30% | $30,000 – 180,000 |
| Michigan Ross | 27.10% | $73,000-$158,000 |
| MIT Sloan | 26.70% | $115,000-199,999 |
| Dartmouth Tuck | 24% | $85,000-$159,000 |
Know more about what makes these schools unique for careers in the technology industry
Top Tech companies that hire the majority of MBA graduates
In our previous article – the best tech MBA programs for careers in the technology industry, we saw tech companies such as Amazon, Google, Apple, Cisco, Samsung, Microsoft, Dell, IBM, etc. heavily recruiting MBA graduates.
The following table contains the number of hires made by tech companies at some top business schools in the U.S.
|
Tech Companies |
Northwestern Kellogg |
MIT Sloan |
Columbia |
Chicago Booth |
Michigan Ross |
|
Amazon |
70 |
97 |
49 |
52 |
129 |
|
Microsoft |
37 |
28 |
19 |
19 |
51 |
|
|
31 |
45 |
42 |
35 |
23 |
|
Cisco |
20 |
NA |
2 |
9 |
20 |
|
Samsung |
8 |
NA |
29 |
12 |
4 |
|
IBM |
NA |
NA |
27 |
NA |
NA |
|
Apple |
39 |
30 |
13 |
29 |
2 |
|
Dell |
4 |
NA |
NA |
NA |
20 |
Want to pursue a career in Technology? Top Tech companies heavily recruit MBA graduates but, to get admission in top business schools requires a good GMAT score. Start your GMAT preparation with our FREE Trial and get access to FREE GMAT preparation resources.
Why work in the Tech Industry?
Global Tech market is a Trillion Dollar Industry
The global information technology industry is $5.2 trillion, with the largest tech market in the world. The most significant tech market is in the United States (32%).
As of 20th January 2020, companies such as Apple, Microsoft, Alphabet Inc., Amazon, Facebook, Alibaba.com, and Tencent are ranked amongst the top 10 valuable companies – and they’re all tech powerhouses. Apple is the highest valued public company in Tech as of January 2020.
A similar report pointed out that Alphabet is the largest firm to join the small group of companies with market caps higher than $1 trillion, making the tech sector the highest valued in the public market.
According to the Top MBA article, for every year since 2010, 20,000 new tech-related jobs have been created in the US alone, and within the next year, 100,000 new data-related jobs will be created in the EU. And that not all. There are more alarming statistics which indicate 10.7 million tech workers in FinTech and 4.3 million digital workers in high-tech and telecommunications, will be missing by 2030. This could lead to a loss of around one trillion dollars if all the tech jobs are not fulfilled.
The growing demand of Tech workers in addition to the rise of artificial intelligence (AI), robotics, and FinTech in the last few years has led to an increased demand for MBA graduates with robust knowledge in technology.
Thus, the Tech industry is a lucrative career path for MBA graduates.
Career Options and Skills Required
Between 2016 till mid-2019, US employers were only able to fill six of every ten open tech jobs, signaling a considerable technology talent deficit. Moreover, a survey done by Udemy states that 50% of company development and learning leaders’ top priority is to train workers on technical skills in 2023.
With an increased demand for workers with advanced tech skills, many companies are putting more resources into hiring, recruiting, and nurturing the right talent to remain in the global competition.
Thus, employees willing to put time into developing tech skills may have the upper hand in landing some of the most in-demand roles.
But what skill sets are necessary to thrive in the IT field?
According to the LinkedIn report, the need for workers to interpret data sets is becoming more crucial. Thus, jobs involving data science skills have been ranked number #1 for the most promising careers in the US. Also, with the world moving towards a digital future, employers are looking for candidates whose skill sets reflect the shift.
Tech skills like Cloud computing, Artificial Intelligence, and UX design are listed in the top five most in-demand hard skills by LinkedIn. Moreover, hiring managers are having a hard time trying to fill roles that require skills in software development (Python, JavaScript), AI, and cloud computing (e.g., Google Cloud, Amazon Web services) and Business intelligence (e.g., Microsoft business intelligence).
Thus, candidates with these skills are more likely to get high- in-demand tech roles.
Here is a list of the Tech jobs with Skills required and median base salary:
Tech jobs and Skills required
|
Tech Jobs |
Median Base Salary |
Tech Skills Required |
|
Data Scientist |
$130,000 |
Data Science, Mining, and analysis. Python, Machine learning |
|
Site Reliability Engineer |
$200,000 |
Linux, Software development, Python, Cloud Computing, SQL |
|
Enterprise Account Executive |
$182,000 |
Cloud computing, Solution selling, sales management, Salesforce |
|
Product Designer |
$121,500 |
UX, User Interface Design, Graphic Design, Adobe Photoshop, Product design |
|
Solution Architect |
$139,000 |
Software development, SQL, software |
|
Information Technology Lead |
$121,000 |
Technical support, Troubleshooting, Business Analytics, IT. |
|
Scrum Master |
$103,000 |
Scrum, Software development, Business analytics, Agile methodologies |
|
Cloud Architect |
$15,500 |
Linux, Amazon Web services, solution architecture, software development, cloud computing |
|
Machine Learning Engineer |
$182,000 |
Data Mining, AI, Data Science, Machine learning |
The following table represents the various types of Tech skills required in 2023:
Top Tech Skills needed in 2023
| Top 10 most popular Tech Skills in 2023 | Top 10 Emerging Tech Skills 2023 |
Top 10 fastest-growing process and tools skills | Top 10 fastest -growing soft skills 2023 |
|
Python |
Gatsby.js (web framework) |
SAP |
Growth Mindset |
|
React (web) |
AWS Big data |
ISO/IEC 27001 (Risk Management) |
Creativity |
|
Angular |
React hooks |
Information security process |
Focus mastery |
|
Machine Learning |
Microsoft Azure Architecture |
Microsoft Dynamics 365 |
Innovation |
|
Docker |
Next.js (web framework) |
UiPath (Robotic Process automation) |
Communication skills |
|
Django |
Apache Airflow (data processing) |
Business process management |
Storytelling |
|
CompTIA |
SwiftUI (Apple apps) |
Scrum (Agile) |
Culture awareness |
|
Amazon AWS |
Pegasystems (Digital process automation) |
Oracle SQL |
Critical thinking |
|
Deep learning |
ESP32 (Internet of things) |
Robotic Process automation |
Leadership |
|
React Native (mobile) |
Quantum Computing |
Risk Management |
Emotional intelligence |
Want to pursue a career in Technology? Top Tech companies heavily recruit MBA graduates but, to get admission in top business schools requires a good GMAT score. Start your GMAT preparation with our FREE Trial and get access to FREE GMAT preparation resources.
Here are a few more related articles you may like:
- 10 Best Tech MBA Programs in 2023
- Best Consulting Firms to Work for in 2023
- Post-MBA Consulting Salaries in 2023
- Best Investment Banks to Work for in 2023
- Post MBA Salar: Factors affecting the Average MBA Salary 2023
FAQs – Top Tech Companies
The Big Five tech giants are – Facebook, Apple, Amazon, Microsoft, and Google. They have a combined market capitalization of over $4 trillion.
The average salary range for the top business schools in the technology industry is between $54,989 – $2,00,000.
Some of the top Tech MBA programs are – Foster School of business, Stanford GSB, Tepper School of Business, Berkeley Haas, UCLA Anderson, and Kellogg.
Read here to know about what makes these schools unique for careers in the tech industry.
In 2019, MBA graduates commanded annual median starting salaries of $115,000.
Check out the average MBA salary industry-wise here.
Microsoft corporation is ranked number 1 as per the Vault’s technology ranking.
Read this article to know the best hardware and internet companies.
