I often cite Bloomberg as a great resource to understand the economy and job market. Today, it offers a report on tech jobs and MBA grads. Common wisdom is that Stanford is the MBA that produces the most grads who get jobs in tech (19%). That said, Arizona State, UC Berkeley, and other MBA programs in the Southwest and West are catching steam, producing 16% of new tech jobs. If you’re considering a career in tech, an MBA is one path. However, if 35% of tech jobs are obtained via an MBA (that number feels high to me), most tech jobs (65%) are landed by other means. I respect and value education. At the same time, I recommend that anyone seeking a job in an industry follow a strategy Richard Nelson Bolles talks about in What Color Is Your Parachute:Research how people without the "ideal" degree broke into the field. Bolles asks this question: “How did people without a degree in that field get into it?” Is the degree or certification necessary? For certain positions at certain companies, an MBA from a highly regarded school is a good way to get through the door. For other jobs, it is not needed. Think about where you want to work and what you want to do before investing in any kind of education or certification.
Bloomberg has surveyed corporate recruiters regarding what skills are lacking in current MBA graduates. According to the survey, industry experience is less important than analytical and communication skills. Collaboration is more important that risk taking and decision making. The article breaks out which MBA programs do the best job of teaching the most desired skills. If you’re considering an MBA, this article is a valuable resource. However, if you’re a manager who already has an MBA or does want the degree, it is very informative to think about what skills are most desired and how those skills are areas or strength or weakness. Career success begins with self-evaluation. Take some time to think about where you are strong and what skills you still need to develop.