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Data shows MBAs are doing well in the job market.
Which business schools have the best job placement statistics? Why are some students learning data analysis skills? Where are the most highly-ranked MBA programs concentrated? Read trending stories for future business leaders.
Job placement up for business school grads
As we’ve documented in this blog over the past year, 2015 was a sensational year to get your MBA—especially if you graduated from a top-ranked business school. Why? You were able to land a job quickly, plus salaries were up. With 2015 now in the rearview mirror, we have more complete data points to consider when applying to business school. Washington University’s Olin Business School had the highest job placement rate of any MBA program in 2015: 97.1% of MBAs landed a job three months after graduation; up from 95% in 2014. (Poets & Quants)
MBAs learn about data
After years of marginalizing MBAs, Silicon Valley’s tech giants are now hungry for them—particularly those who have experience in data analytics. The demands for this kind of experience is causing many MBA programs to revamp their curricula to make sure their students graduate with the skills needed to succeed in the new economy. “Recruiters have said they’re looking for training in advanced business analytics. Amazon, Google, Facebook are looking for people who can take insight to action,” said Jake Cohen, MIT Sloan’s senior associate dean. And as a data science lecturer at UC Berkeley Haas says, “There is no HR department at a good company these days that isn’t looking at data science.” The message: If you are interested in working for a company like Amazon, Facebook, or Google, now could be your best chance ever. (BusinessBecause)
Innovate or perish
And speaking of innovating—for business school’s, it’s often a matter of life and death. Don’t innovate… and don’t expect to get outstanding applicants. “They [business schools] are fully aware of the need to innovate and adjust curriculum to real-world challenges and to make sure it [the MBA] stays relevant. Global schools are looking for ways to stay on top of a changing world,” says Alex Chisholm, senior director of research for the Graduate Management Admissions Council (GMAC), the organization that writes the GMAT. The GMAC also does an incredible amount of research on the career landscape for MBAs. (The Globe and Mail)
Mapping your business school prospects
There are literally hundreds of business schools across the United States and in basically every state of the union. But only a select number of regions and states can boast being home to elite MBA programs. Some states, in fact, have several: Massachusetts and New York, come to mind. The East coast actually houses 40% of U.S. News & World Report’s top-ranked business programs. This nifty map shows you where all the most competitive school are, with the Mountain Time Zone having the fewest. In all fairness, it’s also probably the least populated time zone. (U.S. News & World Report)
MBA introspection
During your first year of business school, you’ll learn a lot—not just about the business world, but also about yourself. “I’m going to give you the lesson I learned from each of the core classes—and the case that showed it most clearly for me,” said one Harvard Business School student, who added that nothing she read in a book could have prepared her for being able to recognize, on a personal level, her “worst self.” Understanding your worst self means catching specific behaviors before they happen and, when it does happen, knowing how to apologize. Another lesson: Your gut reaction or decision might be wrong, so think it over first. (Business Insider)
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The post Graduates of Top Business Schools Get the Job appeared first on Business School Insider.
