dcsimg

MBA students thirst for tech, consulting positions in 2006

CNNMoney.com
Tuesday April 18, 11:01 am ET
By Rob Kelley, CNNMoney.com staff writer

With demand for MBAs rebounding, this year's graduating class of B-school students is more likely to get the job offers they desire. And in many cases, that means a job at Google.
Asked to name the five firms where they'd most like to work after graduation, 12.55% of MBA candidates named Google, according to the results of an annual survey of MBA candidates by research firm Universum Communications in an exclusive Fortune.com list. That made for a remarkable debut at No. 2 on the 100 Top MBA Employers list for the search-engine giant. Google wasn't included on Universum's 2005 survey form, but so many students wrote it in that it would have ranked 129th last year.
Apple Computer also enjoyed a strong rise in the rankings. The maker of computers, software and iPods popular among the student set cracked the top 10 this year, appearing at No. 7, and was cited by 9% of students surveyed. It was 15th last year.

Consulting heavyweight McKinsey & Co. maintained its No. 1 slot, appearing on 18.27% of MBA candidates' wishlists. Other companies in the top 10 most popular are Goldman Sachs (No. 3), Bain & Co. (No. 4), the Boston Consulting Group (No. 5), Citigroup (No. 6), General Electric (No. 8), Johnson & Johnson (No. 9) and Morgan Stanley (No. 10). Many of the companies are repeat winners - eight of them were in the top 10 last year.

"What's interesting is that we're seeing a top 20 very similar to the 2001 survey, with dot-coms and consumer goods placing very well," said Claudia Tattanelli, CEO of Universum. "Companies that used to be regarded as dot-coms -- and were very volatile on the list -- are now established as major recruiters."

"There has always been 20 percent to 30 percent of people coming to the MBA program with the hopes of changing their careers, sometimes moving out of more traditional firms towards industries with a better work/life balance," she said. "Because students are looking for innovative companies with that balance, there's been a big trend toward these less traditional employers.

Consulting, finance and other Fortune 500 names dominated the top 100 list.

The survey also broke down most desirable companies by gender. For women, Johnson & Johnson, Procter & Gamble and Walt Disney were unique to their top 10 list. For men, it was Morgan Stanley, General Electric and Lehman Brothers.

McKinsey was the big winner among men, with 24 percent including it in their top five. Among women, McKinsey was also first, but only 13 percent included it in their top 5.

Men also put consulting at the top of their industry list, with 28 percent looking to work in that field upon graduation. Financial services was next with 23 percent, and investment banking third with 15 percent.

For women, consumer goods was first with 25 percent, management consulting second at 22 percent, and financial services third at 19 percent.

"Women have always been strong with consumer brands, and in industries where there are marketing openings. They look for industries that offer a better work/life balance without crazy hours," Tattanelli said.

Asked what career goals they hoped for within three years, MBA men and women selected "balance personal life and career" and "build a sound financial base" as their top priorities. Working internationally was selected by 21 percent of respondents, down from 31 percent the prior year.

For men, the work/life balance option was up from last year, when "influence corporate strategies" was the No. 1 selection.

Women ranked "contribute to society" slightly higher than men, with 18 percent choosing that compared to 14 percent of men.

Pay expectations are high: Candidates expect to take home average salaries of $88,087 in their first year after graduation, up from $81,658 the previous year -- and a hefty $167,052 five years down the road.

There was a nearly $8,000 gap in expected salaries between men and women, with men expecting $94,710 and women expecting $86,805.

"This is an almost self-inflicted salary gap, because it's what they're expecting to get," said Tattanelli. "It has increased from last year. Part of it is because women gravitate to the consumer goods industries that don't always have top salaries."

"Students expect competitive salaries out of business school," she added. "And companies are giving them that."


Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
  • Ranked among the Best Online MBA Programs by U.S. News and World Report in 2015.
  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
  • About 800 students are enrolled at the main campus, and about half of them commute.
  • Online courses make it possible for students to earn a bachelor’s degree in as little as 18 months and a master’s degree in 14-24 months.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Flexible, 100% online BA in Business Information Systems degree program offered.
  • Students can prepare to pursue a career as a systems trainer, support specialist, or business analyst.
  • Coursework focuses on subjects like database management, systems analysis, and technology planning.
  • Students can learn how to design, develop, implement, and troubleshoot information systems.
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Syracuse University’s Master of Science in Computer Science program is designed to help students discover groundbreaking solutions to complex technology challenges and develop expertise in areas such as security and assurance, artificial intelligence, computer architecture, and advanced programming.
  • Students will gain advanced knowledge in critical areas, such as Security and Assurance, Artificial Intelligence, and Computer Architecture, and Advanced Programming.
  • Founded in 1901, the school has maintained its reputation as a leader in the field, offering a curriculum built on theory, fundamentals, and application with a worldwide community of over 20,000 engineering and computer science alumni
  • Syracuse University’s College of Engineering and Computer Science is designated by the National Security Agency and Department of Homeland Security as a Center of Academic Excellence in Information Assurance Education (CAEIAE) since 2001 and as a Center of Academic Excellence in Information Assurance Research (CAE-R) since 2009.
  • Designed and taught by Syracuse faculty, the curriculum built on theory, fundamentals, and application.
Show more [+]
  • Online Courses
5 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • For the 12th consecutive year, Cal U was named one for the best schools in the Northeast by The Princeton Review 
  • Recognized by the U.S. News and World Report for: Best Online Programs, Bachelor’s 2017, Best Online Programs, Grad Education 2017 and Best Online Programs, Bachelor’s for Veterans 2017
  • Quality Online courses at Cal U have the same objectives, content and learning outcomes as campus-based programs and are taught by the same expert professors.
  • Offers private school amenities at a public school cost. Student-to-teacher ratio of 20:1
  • CAL U online programs complete an annual assessment of student learning to ensure outcomes are focused on your success in career entry, advancement or enhancement!
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found

#1 Best Online College

 

Northern Arizona University understands the need for flexibility in your learning journey. You can earn your degree alongside life’s commitments by enrolling in NAU Online. With 80+ degree options available, you’re sure to find the perfect degree to match your career goals!

  • Online Courses
5 Program(s) Found

An accredited online university, Capella University offers bachelor’s, master’s/MBA, doctoral, and certificate programs designed to take you to the forefront of your profession. Our competency-based curriculum delivers foundational knowledge and real-world skills, so what you’re learning is immediately applicable to your career. Right now, more than 36,000 students are expanding their opportunities with Capella programs.

  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Founded in 1951 by World War II veteran Donald Grantham to provide affordable, higher education for service members and their families.
  • Approved by all branches of the United States Armed Forces for Tuition Assistance (TA), and for benefits payments by the Department of Veteran Affairs benefits (VA).
  • Reviews applicants’ military and professional training for possible transfer credits, and honors credit earned through successful completion of Defense Acquisition University (DAU) courses.
  • Participates in GoArmyEd, Marine Corps Academic Explorer, The Air University Associate to Baccalaureate Cooperative (CCAF), and many other virtual gateways.
Show more [+]
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found

See What’s Possible When You Earn a Degree at Florida Tech 100% Online

Whatever your motivation for considering an undergraduate or graduate degree, Florida Tech offers programs online that can meet your needs. Here are a few reasons Florida Tech may be the right choice for you.

  • Online Courses
1 Program(s) Found
  • Syracuse University’s online Master of Science in Computer Engineering program teaches students to create groundbreaking hardware and software solutions for new and emerging systems
  • You will learn to drive innovation and solve the most difficult computer engineering challenges with advanced knowledge of key topics including: security and assurance, network systems, computer architecture, and advanced programming
  • Founded in 1901, the school has maintained its reputation as a leader in the field, offering a curriculum built on theory, fundamentals, and application with a worldwide community of over 20,000 engineering and computer science alumni
  • Syracuse University’s College of Engineering and Computer Science is designated by the National Security Agency and Department of Homeland Security as a Center of Academic Excellence in Information Assurance Education (CAEIAE) since 2001 and as a Center of Academic Excellence in Information Assurance Research (CAE-R) since 2009.
  • Designed and taught by Syracuse faculty, the curriculum built on theory, fundamentals, and application.
Show more [+]
  • Online Courses

Featured Schools