Technical companies whose businesses rose during the pandemic – such as Amazon. com Inc. and Zoom Video Communications Inc. Likes more of the MBA talent entering the workforce, which helps offset the setbacks by industries that are plaguing the Covid-19 economy.
According to the survey of nearly 100 schools by industry group MBA Career Services & Employer Alliance, 57% of full-time Masters of Business Administration programs rose this past weekend. Overall, however, it was a sluggish recruiting season at business schools, the survey found, as nearly half reported an overall decline in opportunities for students.
Sectors hardest hit by the pandemic, such as retail and energy, reportedly withdrew their MBA recruitment. This is especially the case for enterprises in the hospitality industry, which according to 61% of the business schools have reduced jobs.
Nearly half of the schools have also reported a decline in recruitment at consulting firms – from year to year it is among the largest hirers of MBA graduates. Several of these businesses, including PricewaterhouseCoopers LLP and Bain & Co., said last year that they plan to take in less rent among second-year MBA candidates, in addition to those who were in-house this summer.
Megan Hendricks, executive director of the MBA Career Services & Employer Alliance, said some of the largest recruiters were tech companies whose business rose during the coronavirus crisis, including Amazon, Zoom and Netflix Inc. A company spokesman plans to recruit more than 1,000 MBA students for full-time jobs and internships this year, while Zoom said it intends to hire more MBA graduates as part of a new, global emerging talent program. Netflix did not comment.