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Top Tech Companies | Best Paying Jobs in Technology

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 2020 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?

 

top-tech-companies-with-best-paying-jobs-technology

 

In this article, we analyze the top tech companies to work for in 2020, 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 2020

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 2020:

  1. Facebook
  2. Google
  3. Microsoft
  4. LinkedIn
  5. IBM
  6. E-bay
  7. Adobe
  8. Amazon
  9. Apple 
  10. Cisco
  11. HP
  12. Intel 
  13. Oracle
  14. Salesforce
  15. Samsung 
  16. SpaceX
  17. Tesla 
  18. Qualcomm

 

Top Tech Companies: Best Paying Jobs 

 

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:

 

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.  

 

Top Tech Companies: Rankings

 

top-tech-companies-rankings

 

The ranking for Tech companies are divided into three Tech industry segments:

  1. Hardware and Equipment Companies
  2. Software and Computer Services Companies
  3. 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:

 

 

 

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 ranks in the top five internet and social media companies.

 

Top Business Schools in Technology 

top-business-schools-average-salary-in-techonolgy-industry

 

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 2019:

 

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.

 

 

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?

 

why-work-in-tech-industry

Global Tech market is a Trillion Dollar Industry

The global information technology industry is $5.2 trillion (2020), 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.

 

Top Tech Companies: Popular jobs and skills 

 

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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 2020.

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:

 

 

The following table represents the various types of Tech skills required in 2020:

 

 

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.  

 

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FAQs – Top Tech Companies

Who are the big 5 tech companies?

The Big Five tech giants are – Facebook, Apple, Amazon, Microsoft, and Google. They have a combined market capitalization of over $4 trillion.

What is the average salary range for the top business school graduates in the Technology industry?

The average salary range for the top business schools in the technology industry is between $54,989 – $2,00,000.

Which are the Best tech MBA programs?

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.

What is the salary of an MBA graduate?

In 2019, MBA graduates commanded annual median starting salaries of $115,000.
Check out the average MBA salary industry-wise here.

Which is the best software services company?

Microsoft corporation is ranked number 1 as per the Vault’s technology ranking.
Read this article to know the best hardware and internet companies.

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