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Business School Review
include Infosys Technologies, Intel China,
Shinsei Bank and the Asian offices of major US
investment banks and consulting firms.
On the tech side the news, although mixed,
suggests the beginning of a recovery. "IT and
Telecommunication firms are making a
comeback with 8 per cent of the 2005 graduates
securing positions," says Weil at Ivey. Fuqua also
reports an increased presence on campus from
technology firms like Apple and Microsoft.
As everyone who takes an interest in MBA
recruitment knows, events can quickly take a turn
for the worse. The dot com boom and bust is a
salutary reminder. This time around, however, the
upturn in recruiter interest appears less fragile.
"This seems to be different than the dotcom
boom of the mid to late 1990s, because it seems to
noted for its strength in finance, the social off-campus, and more individualized access to be industry-neutral," says Giulioni. "The MBA job
entrepreneurship club has over 150 members. company decision makers. Due to the proven growth seems to be widespread and a bit less
This is probably a generational phenomenon. talent of our candidate pool and close proximity, frenzied than in the 1990s." It is a sentiment
There is much research to suggest that the the investment banks and consulting firms echoed at other schools. "There is not the frenzy
Millennials, who are now reaching the age to apply have been to campus multiple times. We're also from recruiters as there was during the tech boom,"
to business schools, are significantly more socially receiving more job opportunities from companies states Theriault. "Recruiters are not afraid that
conscious than their immediate generational in industries such as luxury and retail, and media students will be leaving to take up positions with
cohorts (GenX/GenY). According to TargetX this and entertainment." start-ups".
generation has a greater sense of destiny; they want Mary Weil at The Richard Ivey School of The improving recruitment picture in North
to be part of something bigger and more Business at the University of Western Ontario America is feeding through to applications, and
meaningful than themselves. They have already suggests that there are also broader career trends some interesting trends are emerging. While
experienced the power of collective action and are in play. "There are new trends in how MBA many schools report increased applications, the
inspired by doing rather than talking. In terms of students are choosing their post-graduate breakdown shows that Asia and Africa are two
how this has altered their behaviour, we are seeing organisations," she says. "Students have increased regions developing as strong markets for potential
very high rates of volunteerism, raised interest in the sophistication of their job search to take into MBA applicants.
social entrepreneurship, greater desire to leave a account corporate culture, corporate social With the recruiters back, the decision to take
legacy, and focus on money as a vehicle rather than responsibility and capability for an organisation to time out and spend large sums of money on an
an end in itself. offer career development and upward mobility. MBA is more easily vindicated. "This has been a
Schools are starting to respond. Queen’s Ivey students know it's not just about the first fantastic year for full-time consulting recruiting,
School of Business for example, has with all the top firms and many
established a Centre for Corporate
"Students have increased the sophistication of their
niche firms actively recruiting on
Social Responsibility. “Thinking about campus and in many cases making
business as a transformative force for
job search to take into account corporate culture,
multiple offers," says Jill Darroch, a
social change is a critical part of our
corporate social responsibility and capability for an organisation
Rotman 2006 MBA graduate, who
mission at NYU Stern,” insists Thomas accepted a full-time position as
Cooley, Dean at the New York
to offer career development and upward mobility.”
a consultant with McKinsey &
University Stern School of Business. Company.
“Through programs like our student-run social job after graduation, but about a long-term Peter Giulioni, at UCS Marshall, backs up
venture fund and our Stern Consulting Corps, we career plan." this sentiment: "Our students are acutely aware
provide our students with innovative outlets in Healthcare is also attracting increasing MBA that we are in the midst of a period of high
which they use their business skills to make a interest. "Healthcare is a growing sector at demand for MBA graduates. The best prepared
real and lasting difference in the New York City Rotman," says Theriault. "We launched a Health and focused of our students often receive multiple
community.” Sector Management major in the Rotman MBA offers and have their pick of function, industry and
Having attracted students over the past program last year. Recruiters in this sector include geography. So far this school year, the average
couple years, such programs are also now attracting Johnson & Johnson, Pfizer, government ministries reported combined first year base compensation
recruiters in increasing numbers. "Our New York and hospitals." Fuqua's Health Sector Manage- and signing bonus for 2007 full-time MBA
City location continues to be an advantage for our ment program is also proving popular, confirming graduates is $113-115k, almost a 10% increase over
students, particularly in this healthy job market in student interest in the healthcare sector, including last year..."
which companies are going head to head for the pharmaceutical and medical device companies. Happily, for those of you reading this in hopes
very best MBA talent," remarks Pam Mittman, "Another new trend has been an influx of of attending an MBA program in the near future,
Assistant Dean of Career Services and students international companies or international divisions you are the ones who stand to be the clearest
activities at NYU Stern. "This translates into of domestic companies who are recruiting here for beneficiaries of this latest upswing in MBA
constant access to employers, both on and MBA talent," says Gasch at Fuqua. "Companies recruitment.
TopMBA CAREER GUIDE
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