Over the past year, the global pandemic has left many industries in turmoil, with several sectors facing heavy disruption due to staff cuts and operational changes. While some tech companies are finding fresh opportunities for expansion amid a rapidly shifting work environment, several legacy industries are struggling to weather the storm. Many staff remain stuck in limbo with dwindling work responsibilities and an uncertain future.
Rather than sitting idly at home, ambitious postgrad students are taking this opportunity to further their studies. With a wealth of new study options now being made available online, there has never been a better time to pursue a widely sought-after MBA.
According to the GMAC Corporate Recruiters Survey 2020, we will continue to see an increase in demand for MBA candidates, particularly in the consulting, finance, and technology sectors. Even in the pandemic context, compensation premiums for MBA graduates remain high, with a median salary up to 75 percent higher than that of bachelor degree candidates.1
The 5 Best Tech Companies for MBA Graduates
Founded in 1975, Microsoft is the oldest company on our list and one of the most well-known software companies in the world. Its Windows operating system is ubiquitous throughout homes and businesses worldwide, making it one of the most desired tech companies to work for. Through its Aspire MBA program, Microsoft aims to maximize the potential of the 200 or so business school graduates that it hires every year.
Reports indicate that the average starting salary for an MBA graduate at Microsoft is $160,000 for roles in finance and product management. This makes it one of the most lucrative tech companies for MBA graduates to work for.2 Additionally, Microsoft MBAs typically average only 44 hours of work a week, which is notably lower than the average at other leading tech giants. While the amount of travel expected for an MBA graduate at Microsoft differs depending on position, it's likely to be high in most cases, considering the global reach of the company.3
Apple has long been a leading software competitor to its main rival mentioned above: Microsoft. The two suffered a bitter fallout in 1988 when Apple failed to sue Microsoft for allegedly stealing elements from its Macintosh operating system. However, since the company is now worth considerably more than Microsoft, it seems Apple came out on top in the end.4
MBA graduates who want to work at one of the most famous tech companies in the world can look forward to starting salaries of around $130,000. However, they better be prepared to put in the hours - Apple employees report working up to 52 hours on average per week, far higher than the standard work-week hours.3 Apple MBAs typically get involved in all sectors of the company, from real estate and finance to strategy and software, so successful candidates will need decent technology skills and a broad range of experience.
Via its parent company, Alphabet, Google is currently the second largest internet company in the world, accruing the vast majority of its revenue through advertising. Starting life as a simple search engine, Google quickly became a competitor to Apple after acquiring the mobile operating system Android in 2005.5 Google is now synonymous with the Internet, providing a wide range of free-to-use mobile and Internet-based software tools and applications.
The average starting salary for an MBA graduate at Google is $120,516, with some top roles attracting over $200,000 in total compensation.6 Google's MBA employees report a typical average workweek of around 46 hours, considerably less than some of the more high-pressured tech companies. The culture of work at Google is world-renowned; they’re known to specifically employ people dedicated to keeping staff happy and motivated.7
Facebook is one of the newest tech companies on our list (having launched in 2004) and one of the few that produces no hardware. As a competitor for the world's leading Internet marketing platform, its main rivals are Google and Amazon. Those working in an MBA position for Facebook will be expected to put in between 48 to 53 hours of work per week.
According to Salary.com, the salary range for a Product Manager with an MBA at Facebook fluctuates between $107,000 and $115,000. However, other reports put the average as high as $126,000 with an equivalent hourly wage of $51.8 The company likes MBAs who can "roll up their sleeves and build things, take risks, and be creative with problems," so potential candidates should be prepared to get fully involved.9
Founded in 1994, Amazon is now ranked as the most valuable retail company in the world and has long been noted for its propensity to hire many MBA graduates. Potential candidates will benefit from one of its varied internship options, which gives MBA graduates their own projects to run from day one.10 At a whopping 60 hours per week on average, Amazon MBAs reportedly work some of the longest hours of any business graduates. However, the average MBA salary at Amazon is also higher than many other tech companies, at nearly $127,000.11
Over the years, Amazon has received mixed reviews regarding its culture and workplace environment, with reports of long hours and unreasonably strict performance assessments. However, for some, this level of dedication is believed to be what is required to build one of the most valuable tech companies in the world. Those willing to put in the work will need experience in online marketing, an understanding of technology, strong leadership skills, and excellent communication.12
Find your Future at a Leading Tech Company
An MBA is highly regarded by employers in every industry. If you're looking to secure your future in the business world, there really is no better qualification to pursue. Covering everything from modern technology to core business concepts, these flexible online courses can be completed from wherever works for you.
If you're ready to become a sought-after MBA in information technology jobs, speak to one of our Admissions Advisors today and find out how an Online MBA from the Albers School of Business and Economics can help you to achieve your goals.
- Retrieved on April 21, 2021 from gmac.com/-/media/files/gmac/research/employment-outlook/gmac_corporate_recruiters_survey_sept_2020.pdf
- Retrieved on April 21, 2021 from businessbecause.com/news/mba-jobs/5117/mba-jobs-tech-amazon-google-microsoft-recruitment
- Retrieved on April 21, 2021 from forbes.com/sites/poetsandquants/2018/03/06/the-60-hour-work-week-do-mbas-really-work-this-hard
- Retrieved on April 21, 2021 from markets.businessinsider.com/news/stocks/apple-market-cap-surpasses-microsoft-becomes-worlds-most-valuable-company-2019-10-1028611689
- Retrieved on April 21, 2021 from en.wikipedia.org/wiki/List_of_largest_Internet_companies
- Retrieved on April 21, 2021 from bschools.org/blog/mba-salary-guide
- Retrieved on April 21, 2021 from neilpatel.com/blog/googles-culture-of-success/
- Retrieved on April 21l 2021 from blog.transparentcareer.com/mbas/company-rankings/the-7-best-tech-companies-for-mbas/
- Retrieved on April 21, 2021 from mbacrystalball.com/blog/2018/05/21/mba-google-amazon-microsoft-facebook/
- Retrieved on April 21, 2021 from businessbecause.com/news/amazon-jobs/5429/amazon-mba-recruiter-tells-you-how-to-get-hired
- Retrieved on April 21, 2021 from forbes.com/sites/poetsandquants/2018/03/06/the-60-hour-work-week-do-mbas-really-work-this-hard/?sh=7c42ada963d4
- Retrieved on April 21, 2021 from mbaschooled.com/2015/08/21/what-mba-students-can-learn-from-amazon/