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.
The Chicago Tribune reports that Illinois is ranked 7th in tech jobs. According to one expert cited in the article, the state added new employees in this sector. Technology is vital to business growth, and this new is good for Illinois and working people in this state. To read the article, follow this link.
The Sun-Times reports that the city of Chicago will start a “Tech Corp” for unemployed workers. This initiative will be funded with $20 million raised from the lease of the city’s parking meters. The goal of the initiative is to create a stronger pool of tech-savvy workers in Chicago, which will attract tech companies to come here.
I’m not a big fan of the parking meter deal. However, if the “Tech Corp” does drive new economy jobs, $20 million dollars will be a drop in the bucket. Then again, with proposed El fares going up to $3, who will be able to afford the commute?