The technology industry is one of the fastest growing and dynamic industries in the U.S and the world. And with technology pervading how traditional businesses function, the technology industry’s appetite for MBA graduates has increased tremendously. Amazon (an e-commerce giant) hired a record 1000 MBA graduates in 2017, beating out consulting firms such as McKinsey & Co. and Bain & Co. which bring in about 550 and 500 MBAs respectively.
In this article, we will explore the top 5 MBA Programs for Technology. Following is a brief outline of the article:
- Why is the technology industry a lucrative career option for MBA graduates?
- Technology companies that hire the greatest number of MBA Graduates?
- Top business schools and MBA program for a career in the technology industry
Why is technology a lucrative career path for MBA graduates?
Competitive Salaries and Compensation
For starters, the technology industry offers competitive salaries. This is even without taking into account other compensation such as stock options which are frequently offered by technology companies. According to Transparent Career, salaries at Amazon range from $137,000 for a program manager to $180,000 for a senior product manager, including signing bonuses. By comparison, the average salary plus signing bonus for MBA grads heading into consulting is $165,000; $170,000 for those heading into investment banking.
Entrepreneurial Culture and Flexibility
Besides compensation, tech firms (even those that have grown large) still hold close their entrepreneurial roots. From casual dress codes, a generous amount of paid time off to time to work on passion projects built into the workday. Even career paths are less rigid and innovation more embraced than at consulting giants or big banks.
Thus, a career in the technology industry gives MBA graduates the freedom to work in different business functions and compensation comparable or even greater than other traditional MBA occupations.
Which technology companies hire a large number of MBA graduates?
Technology companies that heavily recruit MBA graduates include Amazon, Microsoft, Google, Facebook, Intel, IBM, etc.
The following table contains the number of hires made by technology companies at some top business schools in the U.S.
|Company||Chicago Booth||Northwestern Kellogg||MIT Sloan||Columbia||Michigan Ross||Duke Fuqua|
Top 5 Business Schools for careers in the technology industry
Following is a list of the top MBA programs and business schools for a career in the technology industry. Read on to learn more about what makes these schools unique.
- Stanford Graduate School of Business
- UCLA Anderson School of Management
- UC Berkeley Haas School of Business
- MIT Sloan School of Management
- Northwestern’s Kellogg School of Management
Stanford Graduate School of Business
Stanford GSB sent a record 33% of its 2018 MBA class into the technology industry. In its 2018 employment report, the median salary and bonus for graduates taking up a job in the tech industry are $135,000 and $25,000 respectively.
|%age of the class who chose careers in tech||33%|
Stanford GSB’s proximity to Silicon Valley affords it a wealth of tech recruiters within arms reach as well as executives from tech companies that serve as guest speakers, lecturers, and mentors. The experiential learning opportunities offered help students further their careers in the technology industry.
This article takes an in-depth look at Stanford’s Employment Statistics and Class Profile.
Faculty and Experts
The Stanford GSB faculty composed includes leading experts in areas ranging from product design and manufacturing processes to information systems and social networks. Professor Haim Mendelson of Stanford GSB is well known for his ‘Organizational IQ’ concept which measures an organizations ability to quickly and effectively use the information to make decisions.
Dual Degree Option, Research Centers and Student Clubs
Stanford GSB also offers an MS in Computer Science/MBA dual degree option which links two of the university’s world-class programs. It is focused on helping students develop a unique skill set ideal for becoming a manager and/or entrepreneur for new technology ventures.
The Stanford Graduate School of Business is also home to multiple centers and research initiatives, many of which are exploring and studying issues central to the technology industry. The Digital Business Initiative, for example, focuses on questions that can be answered with data and statistics. It explores the best approaches to use data and designing metrics to influence decision making policy, data-driven product design and marketing analysis.
Students can also take advantage of the larger Stanford University ecosystem such as the Stanford Artificial Intelligence Lab, where students and faculty are hard at work building smart algorithms that enable computers and robots to see and think.
Student Clubs such as the Tech Club provides access to employment resources and opportunities to network with tech leaders.
UCLA Anderson School of Management
With 30.1% of its 2017 class going into the technology industry after graduation, the UCLA Anderson School of Management is a top choice for those who want a career in the technology industry. UCLA Anderson graduates entering the technology industry commanded a median annual salary of $123,000 and a median signing bonus of $30,000.
|%age of the class who chose careers in tech||28%|
|Top Tech Recruiters||Amazon, Google, Adobe, Microsoft, and Cisco|
UCLA Anderson Easton Technology Management Center
Anderson is home to the Easton Technology Management Center, an institute devoted to “developing leaders who shape the future of technology.” Easton offers technology courses and field studies; hosts conferences, workshops, and lectures; and supports technology-related research. Anderson students can also choose to pursue a specialization in technology leadership, taking electives that include technology management, intellectual property, and new product development.
Faculty and Research
UCLA Anderson’s Decisions, Operations and Technology Management (DOTM) area consists of 16 faculty members. Their areas of focus include technology management, high-tech marketing, computer science applications and new product/service design. DOTM faculty also teach 2 technology-related core MBA courses – Data and Decisions and Operations Technology Management apart from a dozen other electives.
Students can also pursue a “primary sequel’ in technology management, which offers a deeper dive into managing high technology firms, including acquiring, creating and using Technology and knowledge assets.
Beyond academics and accomplished faculty, the student-led High Tech Business Association organizes Tech treks, Case Competitions as well as multiple conferences and workshops.
UCLA Anderson’s combination of technology coursework, experienced faculty, and student activities helped the class of 2017 land jobs at companies including Amazon, Microsoft, Google, Adobe and Cisco.
UC Berkeley Haas School of Business
Its proximity to Silicon Valley coupled with its focus on innovation makes UC Berkeley’s Haas School of Business a front runner in grooming graduates for careers in the technology industry. In 2018, 31.7% of its class chose careers in the technology industry. Mean salary and sign-on bonuses for graduates are $132,784 and $35,337 respectively.
UC Berkeley Haas School of Business (At a Glance)
|%age of the class who chose careers in tech||31.7%|
|Top Tech Recruiters||Amazon, Adobe, Google, and Genentech|
Experiential Learning Opportunities
Instead of sending students on treks to Silicon Valley to explore tech firms, Haas dispatches students for 15-week long stints to help those very companies tackle real business challenges. Student teams also get the opportunity to work on-site at tech companies such as Cisco, HP, Paypal, and SAP as part of the Haas@Work Applied Innovation project course.
As part of Cleantech to Market (C2M), another experiential learning program, Haas MBA students join graduates from other Berkeley’s other schools to commercialize promising cleantech inventions. These are selected from leading universities, the Lawrence Berkeley National Laboratory, Department of Energy labs and existing startups.
Technology as an Area of Emphasis at Haas
In addition to the above unique programs, Haas students can also choose technology as an area of emphasis. The wide variety of courses includes everything from high-tech marketing management to the signature Lean Launchpad methodology. In 2015, Haas partnered with Accenture to develop a curriculum around Big Data.
With its proximity to tech firms, Haas is able to draw industry experts for its speaker series. The 2017 lineup of speakers included top executives from Cisco, Microsoft, and Intel. Current Haas executive fellows include Twitter’s Biz Stone, John Hanke (Founder and CEO of Niantic) and Guy Kawasaki (former chief evangelist of Apple and chief evangelist of Canva).
Student Tech Clubs at Haas
Student technology clubs at Berkeley Haas complement the rich technology curriculum by providing networking opportunities and organizing events such as conferences and workshops. Clubs include Haas Technology Club, the Digital Media and Entertainment Club (DMEC), the Haas Innovation and Design Club and the Berkeley Entrepreneurs Association.
MIT Sloan School of Management
With technology in its name, MIT Sloan School of Management deserves consideration by anyone thinking of a career in technology. It is located in the Boston-Cambridge area which is home to a growing network of entrepreneurs and startup incubators. In 2018, 29.4% of its class chose careers in technology. The median salary of graduates entering the technology industry is $130,000.
Sloan shares its campus with one of the best engineering schools in the world which gives Sloan students ample opportunities to augment their coursework with deeper dives into computer science and engineering.
MT Sloan at a Glance
|%age of the class who chose careers in tech||29.4%|
|Top Tech Recruiters||Amazon, Microsoft, Google, and Facebook|
Read more about MIT Sloan’s class profile and employment statistics in this article
MIT Sloan Business Analytics Certificate
Sloan recently launched a Business Analytics Certificate to prepare students for careers in business analytics and data science in the tech industry. This certificate program complements a new Master of Business Analytics (MBAn) degree launched in 2016.
MIT Sloan Entrepreneurship and Innovation (E&I) Track
Students in the MBA program at MIT Sloan can choose to take part in the Entrepreneurship and Innovation track at MIT Sloan. Every student in the E&I track starts with a course called Introduction to Technological Innovation which provides foundational knowledge needed for creating and building successful startups.
Electives offered in the E&I track range from courses such as Technology Management to “Law and Cutting Edge Technology” and the “Business of Robotics.”
Students in the E&I track also go on the Silicon Valley Study Tour (SVST) in which they visit a range of firms in the life sciences, medical technology, software information technology, advanced materials, and new energy fields. Students who complete all requirements for E&I receive a certificate in entrepreneurship and innovation.
Technology Focused Student Clubs at MIT Sloan
Outside of the classroom, Sloan offers tech-focused students a wide assortment of opportunities through its Data Analytics Club, Entrepreneurship & Innovation Club, MIT FinTech Club, MIT Sloan Coders Club, and MIT Sloan Tech Club. These groups provide career preparation, networking opportunities, conferences, and workshops.
Northwestern’s Kellogg School of Management
With Amazon hiring 21 graduates from the class of 2018 and with 28% of the class choosing careers in the technology industry, Kellogg is a school to watch in terms of growing tech hiring. According to Liza Kirkpatrick, senior director of the full-time program at Kellogg’s Career Management Centre more than 50 unique tech employers hired Kellogg graduates.
|%age of the class who chose careers in tech||28%|
|Top Tech Recruiters||Amazon, Apple, Google, Facebook, and Microsoft|
Read more about Kellogg’s class profile and employment reports in this article
Graduates were hired into functions ranging from product management, sales, marketing, business operations, and supply chain management.
Technology Management and Data Analytics Pathways at Kellogg
To students interested in building expertise in the areas of technology and data analytics, Kellogg provides various pathways. A pathway is an integrated, cross-functional sequence of courses designed to address a particular skill set or industry.
Courses offered in the Technology Management Pathway include marketing analytics, product management and introduction to software development along with a host of elective courses.
The Data Analytics Pathway provides foundational, deep-dive and experiential courses which not only help students learn about data analytics in business but also apply this knowledge to real company situations
Expert Faculty and Research Centers
Kellogg also features a range of faculty experts in the area of technology information management, including specialists in blockchain, information technology, information systems, and technology infrastructure. The school is also home to the Center for Research in Technology and Innovation, which provides education, advisory, and advocacy services and initiatives related to technology and innovation.
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