21 Jul Jonanthan Cartu Announced Which Companies Hire The Most MBAs?
Despite the economic uncertainty caused by COVID-19, demand for top MBA talent remains, and an MBA degree is an asset when navigating a competitive jobs market.
But where do MBAs flock to after business school? Which companies are the biggest recruiters of MBA students?
BusinessBecause surveyed some of the world’s leading business schools to find out.
Here’s 10 companies hiring the most MBAs:
Bain & Company building | ©krblokhin via iStock by Getty Images
Tech giant Microsoft is always looking to hire from the next wave of MBA grads. Microsoft recruiter, Ioana Tanase, told BusinessBecause that the firm planned to hire over 400 MBA grads between 2018 and 2019.
They followed through with that pledge, with grads from top b-schools like Cambridge Judge and Duke Fuqua accepting roles at Microsoft.
Microsoft offers MBAs with seven years prior work experience initiatives such as the MACH Microsoft Aspire Experience. The program provides targeted training and resources to help MBAs integrate into the company.
9. AT Kearney
The consultancy firm has been hiring from an array of top business schools. Their recruiters are always looking for talent amongst the MBA graduate pool. 23 of INSEAD’s MBA grads accepted positions at AT Kearney in 2019.
The company has previously said that they appreciate MBAs with traditional business and engineering backgrounds, but those with more nontraditional backgrounds––think nonprofit or liberal arts––shouldn’t be deterred from applying to work for them.
8. EY / EY-Parthenon
Last year, 14 MBA students from NYU Stern, 12 from Berkeley Haas, and eight from UCLA were offered roles across consulting and strategy for Big Four accountancy firm, Ernst & Young (EY), and EY off-branch Parthenon.
Working in accountancy requires a comprehensive understanding of finance, problem-solving skills, and the ability to build a strong rapport with people. An MBA gives candidates a comprehensive overview of what it takes to be a well-rounded businessperson, so it’s no surprise accounting firms value the MBA.
The multi-national professional services company––initially started in Ireland––accepted graduates from Esade, INSEAD, and UVA Darden last year.
The company runs a Global MBA program that recruits students from 11 top business schools, including Wharton, Kellogg, and London Business School. They want candidates who are interested in working at the intersection between business and technology, helping them to develop future strategies for their clients.
It’s no surprise that another Big Four accountancy firm has made the top 10 MBA hirers list. 21 MBA students from Columbia Business School secured roles at the firm in 2019, 17 from NYU Stern, and 15 from Kellogg. Deloitte was the top recruiter of MBAs from NYU Stern last year.
The tech industry is among the biggest recruiters of MBA graduates. 16 MBA students from Berkeley Haas got hired by Google in 2019. Other top schools Google hires the most MBAs from include MIT Sloan, Chicago Booth, and Duke Fuqua.
In 2019, Google invested $13 billion in US expansion, which means a lot more job opportunities for American b-school grads. Like many of the world’s top firms, the tech giant employs on-campus recruiting, meeting MBA students before they graduate. This is a great way for students to register their interest in summer internships and future roles.
Amazon founder Jeff Bezos has a net worth of over $180 billion and, even in the midst of a global pandemic, Amazon is still an attractive option. Amazon hires over 1,000 MBA students globally each year.
In 2019, Amazon hired 23 MBA students from Chicago Booth, 16 from Berkeley Haas, and 10 from London Business School. Amazon was the top employer of MBA students at ESADE Business School and UCLA Anderson.
“We look for MBAs who take ownership, who are obsessed with their customers, and who like to think big and deliver results,” said Amazon’s head of European campus recruitment, Dee Clarke.
Amazon’s Pathways Leadership Development Program is a popular option for fresh MBA grads. Over five-years, Pathway candidates enter the Amazon workforce as area managers with responsibility for 50 to 100 people, gradually taking on more complicated assignments that test leadership potential.
3. Bain & Company
Although big tech is seeing a massive uptick in interest from MBA graduates, consultancy remains a powerhouse of MBA hiring.
Bain & Company has seen consistently high numbers of students from b-schools all around the world applying for roles. Think schools like Columbia Business School, MIT Sloan, and INSEAD.
The company’s head of global consultant recruitment Keith Bevans (pictured above) told BusinessBecause in February 2020 that their incoming full-time consultant class of 600 people is predominantly made up of MBA grads.
In the next few years, we can expect to see more competition between big tech and consultancy for the best talent. For now, consulting is on top––dominating our top three.
2. Boston Consulting Group (BCG)
96 MBA graduates from INSEAD’s 2019 cohort went on to work at the Boston Consulting Group (BCG). In fact, 12 big-name b-schools we spoke to saw students move into consulting at BCG. The consulting firm was the top employer of MBA grads at UVA Darden, MIT Sloan, and Kellogg.
It’s important to cultivate a professional relationship with BCG even while you’re studying. If you are considering joining BCG after your MBA and want to find out what consulting life is really life, they recommend that you consider doing an internship with them first.
Nearly half of McKinsey’s incoming consultants have MBAs. Grads tend to join at an associate level as generalists or practice consultants. The numbers speak for themselves: 131 INSEAD MBAs joined McKinsey in 2019, 48 from Chicago Booth, 45 from Columbia, 19 from UVA Darden, and 18 from Cambridge Judge Business School.
In 2019, McKinsey was the number one employer of MBA students at INSEAD, Columbia, Chicago Booth, and LBS.
“Our summer intern program is especially successful as we make sure our interns have a substantial role on their client teams, so they really get a glimpse into what being a consultant is like, McKinsey’s head of global recruitment told BusinessBecause.
McKinsey also encourages students to apply for a 10-week associate intern position during the summer months to register their long-term interest in the firm. Students at US business schools can apply for the McKinsey Early Access program––a networking opportunity for pre-MBAs at selected full-time programs; it’s a great way for MBA students to get a foot in the door.
This article is based on a survey of 15 top-ranked business schools conducted by…