Non-traditional companies hire more MBAs
While some employers cut back on the hiring of students with a master's in business administration (MBA) following the collapse of Lehman Brothers, many of these degree holders have found jobs with less traditional companies, reports Bloomberg BusinessWeek.
For example, leading financial employer Citigroup went from hiring 30 graduates from a prestigious North Carolina-based business school before the end of Lehman Brothers to bringing on just 19 students in the three years afterwards. Similar cuts in hiring at this school were seen among major employers like Johnson & Johnson, Kraft and Bank of America, the news source reports.
Despite the decline in the traditional job market for people with MBAs, however, some companies that have never invested in those with business degrees before are beginning to do so. In particular, leading tech businesses like Apple and Amazon are adding significantly more MBAs to their staff.
According to a study conducted by the Graduate Management Admissions Council, approximately 80 percent of MBA holders were either employed at a company or were starting their own business.
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