Silicon Valley Visits and More Out West Strengthen Dartmouth Tuck MBA Ties to Tech
Dartmouth Tuck might be tucked away on the East Coast, but that hasn’t stopped graduates from taking the West Coast by storm. In October, 40 students ventured West to network with tech and venture capital companies.
Continue reading…New Project Management Jobs in the Bay Area
For better and worse, the Bay Area continues to reign as the global tech hub. But what has evolved in recent years is tech’s relationship to MBA graduates. MBAs were once personas non-grata in Silicon Valley. While newer startups won’t likely have a use for you, the big boys and girls of tech—the Slacks, Adobes, Twitters, Facebooks, Googles, Apples, etc.—certainly do. This week is focused on opportunities that allow MBA graduates to apply their PM skills to Bay Area tech.
Continue reading…New Bay Area Tech Jobs Emerge for MBAs
As every aspect of our lives increasingly becomes tangled in the tech’s tendrils, we have seen many opportunities for professionals from a wide swath of backgrounds accompany the rapacious growth of the industry.
MBAs, long ago personas non-grata in Silicon Valley, are now in high demand at iconic brands like Apple (CEO Tim Cook is a Duke Fuqua alum), Facebook (COO Sheryl Sandberg graduated with a Harvard MBA in 1995), and Microsoft (CEO Satya Nadella is a Chicago Booth alum).
This week’s new openings are largely found in California, with a litany of Bay Area Tech jobs ideal for MBA graduates who want to work in an environment where they can “move fast and break things,” to quote Mark Zuckerberg.
New MBA Jobs Openings: California
The length of California is approximately 770 miles. From top to bottom, visitors will find a mass of fascinating contradictions—Silicon Valley, Napa, Hollywood Glitz, Malibu, the SF Mission, Humboldt County pot farms, Yosemite,
San Diego surf, Fresno farmland, Palm Desert, the rolling hills of John Steinbeck Country.
These are just a handful of examples that represent the wonderful diversity of landscapes and communities all technically located in one U.S. state. It seems abundantly clear why so many MBA graduates look to the Golden State to make careers for themselves.
This week, we highlight four California Job openings available for MBA graduates:
Newest Stanford MBA Deadlines Announced for 2019-20
The newest class of applicants to the next full-time MBA program at the Stanford University Graduate School of Business have some new deadlines to remember.
Stanford 2019-20 MBA Deadlines
Round One
Application Deadline: Sep. 12, 2019
Notification: Dec. 12, 2019
Round Two
Application Deadline: Jan. 9, 2020
Notification: April 2, 2020
Round Three
Application Deadline: April 8, 2020
Notification: May 21, 2020
Learn more about the Stanford GSB full-time MBA program here.
Stanford GSB Employment Report Reveals Record Salaries & Employers
For the fourth year in a row, Stanford GSB MBA graduates earned record high salaries with the mean base salary reaching $145,559. According to the 2018 Employment Report, this broke last year’s record compensation. On top of that, this year Stanford GSB grads also received jobs from a record 421 organizations for both summer internships and full-time positions. This demonstrated the broad appeal and diversity of Stanford MBAs.
Tech and Private Equity Interest Jump
Other highlights from this year’s employment report included an increase in interest in the technology industry. In fact, in 2018 it was the most popular industry, garnering 33 percent of alumni—an 8 percent jump from last year. Other top industries included finance, which garnered 31 percent of graduates with private equity being the most sought after area with 13 percent of graduates.
Since three years ago, the percentage of women going into private equity and venture capital has doubled. As for tech, this year a record 40 percent of women chose to work in the tech industry. This shift has many explanations, not the least of which is the coursework taught at Stanford. For Ashley Brasier (MBA ’18), all it took was the class “Entrepreneurship & Venture Capital from the Perspective of Women” to change her course from consumer tech to VC.
“This class showed me that there are several different paths into VC, and empowered me to pursue VC opportunities,” Brasier says.
This year, the number of non-U.S. work-authorized students who accepted jobs in the U.S. stayed flat at 74 percent. More likely than not, this is a result of global trends that are causing extra challenges for students seeking to move locations. This was also reflected in the $12,000 median salary gap between U.S. work-authorized and non-U.S. work-authorized graduates. However, “when controlled for industry and job location, for example in emerging markets, the salary gap diminishes and in some cases disappears,” says Yossi Feinberg, the Senior Associate Dean for Academic Affairs.
Higher Salaries and Steady Job Offers
This year, MBA graduates received the highest salaries ever. The median and average base compensation ranged from $142,000 to $145,559 respectively—$2,000 and $1,000 over last year’s record. Signing bonuses also increased this year by $1,600 to a record $31,146, with an unchanged median at $25,000.
Salaries also increased when it came to cash performance bonuses. This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527. As for stock compensation, 39 percent of the class—nearly two out of every five students—reported stock compensation of some kind.
“This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527.”
And when it came to job offers, numbers remained unchanged. For the Class of 2018, 88 percent of the class accepted offers 90 days after graduates with 95 percent receiving offers. As for where students received these offers, a record 421 organizations hired Stanford graduates this year.
“Our leading employers span a wide variety of industries—consulting, finance, technology, consumer products, healthcare, and nonprofits—but what they have in common are work environments that offer the ability to make an impact, optimize on career development, and provide diverse challenges and responsibilities,” says Carly Janson, the Action Assistant Dean and Director of the Career Management Center.
“In turn, our graduates chose opportunities they felt passionate about, and opportunities to make the world a better place.”
