Over the years, career opportunities for MBA aspirants have witnessed a transition. The demand has been high in the tech sector, with leading global tech giants pulling the maximum number of MBA graduates. According to career experts, MBA jobs are all set to boom in 2022 with skills shortages and uncertainty in the business landscape.
With most companies moving to new business models amid the pandemic, the demand for MBA grads is likely to be stronger in the new normal. As an aspiring MBA student, you must know about the emerging trends so that you can pick the best opportunities in 2022. Here are the ones worth knowing about.
MORE OPPORTUNITIES IN THE TECH SECTOR
With remote work being the norm, the tech sector is bigger than ever. Leading names like Apple and Microsoft are going above and beyond with their growth targets. Even the smaller players are having a great time, while the startups in the sector see an uptick. The situation augurs good times for MBA aspirants as the annual hiring for these professionals has increased. The percentage of tech companies looking to hire MBAs rose from 80% in 2019 to a whopping 96% in 2021. International students are in a great place to leverage this opportunity. Another notable trend is the growing number of MBA programmes including a STEM element. The objective is to align with the demand for professionals in the tech sector.
CONSULTING FIRMS ARE STILL BIG WINNERS
The consulting firm trend continues to go strong for MBA students as the industry is one of the top recruiters. The leading names include the Boston Consulting Group, McKinsey & Company, and Bain & Company. Consulting firms make an ideal fit for MBA graduates because of the nature of the services they offer. Moreover, they are great from the salary perspective, with professionals getting entry-level offers as high as US$160,000 annually. The opportunities in the sector continue to thrive despite the market downturn.
HEALTHCARE BOOM IS AROUND THE CORNER
The healthcare segment offers immense opportunities amid the ongoing pandemic. The demand in the industry extends beyond healthcare professionals, with a growing role of MBA grads in the sector. The primary reason is the advent of innovative technologies such as predictive and preventative healthcare. The UCSD Rady School of Management stated that healthcare and biotech were the top recruiters for MBA grads last year, and the trend is likely to stay strong in 2022.
SUSTAINABILITY, INCLUSIVITY, AND DIVERSITY ARE TRENDING
Sustainability is the need of the hour, and it is becoming critical across businesses as well. Experts predict an impending sustainability job boom for MBA graduates. Likewise, recruiters will also focus on inclusivity and diversity. Employers across all sectors are including these expectations in their job descriptions as they want candidates demonstrating these core values.
If you are an MBA graduate or professional, these trends show the way to go. Follow them to look for the right opportunities in the high-demand segments and organizations.
If you are considering studying abroad why don’t you discuss your prospects and opportunities with experts at Lurnable’s dedicated study abroad counselling division LurnPathways?
