47 Marketing Trends found for Human resources / Training/education

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MBA Graduates Spurn Finance Careers, Embrace Tech

Bottom Line Trend: The crème de la crème of US business-school graduates are increasingly opting for jobs in technology rather than finance.

It's a significant trend, according to Wall Street Journal reporter Melissa Korn, who attributes the seismic career shift among graduates to to the lingering aftermath of the 2008 financial crisis. Moreover, Wall Street's long hours, ethos and scaled-back pay are additional turn-offs that channel newly minted MBA holders towards more voguish and equally well paid tech careers. At Harvard Business School for example ...

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... 18% of job-seeking students landed tech sector positions this year, up from 12% in 2012.

A similar shift is evident at the Yale University and Cornell University business schools, where the share of graduates opting for tech careers  more than doubled over the past two years. 

Conversely, just 27% of Harvard Business School graduates took jobs in finance this year, down from 35% in 2012. While at the MIT Sloan School of Management, that figure plunged from 27% to 16%.

At Stanford Graduate School of Business, historically a haven for digitally minded graduates, tech companies overtook financial services for the first time this year, with 32% of the class accepting tech jobs and just 26% opting for a career in finance.

Two years ago, those figures were 13% and 36%, respectively.

Read the original unabridged WSJ.com article.

[Estimated timeframe: Q4 2013 onward]

All data sources are attributed with links to the original insight. The insight is then summarised and, where appropriate, enhanced with additional information.

Source: WSJ.com
MTT insight URL: http://marketingtrendtracker.com/article.aspx?id=6205

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