MBA students snap a photo before they begin shadowing in the hospital. Owen photo

MBA Hiring: Two Industries That Will Dominate 2022

The pandemic completely upended industries around the world. From the rise of remote work to the great resignation, job sectors are rapidly changing.

Experts at Study International recently highlighted the rise in tech and healthcare as major trends MBA grads should note for 2022.

DEMAND FOR MBA GRADS IN TECH COMPANIES

Tech is one industry that adapted well to the pandemic. In the last year, Amazon, Apple, Google, Microsoft, and Facebook reported a combined revenue of more than $1.2 trillion. Experts say that’s because the pandemic helped create an economy that’s largely benefited tech companies.

“That might seem obvious now, but it wasn’t necessarily a year ago,” Shira Ovide, a reporter for The New York Times, writes. “Americans’ love of home shopping became a safety necessity for some people. Families bought iPads and Macs as work and school went virtual. Any business that still had money to spend on marketing spent it on Google, Facebook or Amazon.”

And those tech companies are hungry for MBA talent.

“As the tech sector continues its rapid expansion and growing prominence in the global economy, tech company recruiters are placing increasing importance on hiring individuals with the strategic, interpersonal, and decision-making skills needed to effectively manage organizational growth and drive innovate thinking across departments,” according to mba.com. “These are the core skills graduate business education, and investing in these timeless skills can set you up for a long and successful career in the tech industry.”

A PROMISING FUTURE FOR MBA GRADS IN HEALTHCARE

The global health app market is projected to reach roughly $20 billion by 2026. It’s a space that will need MBA grads to strategically make a large impact. And B-schools are prepared for that.

Kent Hawryluk, a 2007 Kellogg graduate and co-founder, president, and CEO of MBX Biosciences, recently gifted $3M to start a new scholarship that will help solidify Northwestern University’s Kellogg School of Management as a leading B-school in the healthcare sector.

“Kellogg has a unique opportunity to be the number one business school in all facets of healthcare,” Hawryluk tells P&Q. “With Kellogg’s ideal location in the Chicago area, there is potential to nurture a pipeline of talent in biopharmaceuticals and support related entrepreneurship. We’re really breaking ground in this space.”

Sources: Study International, The New York Times, mba.com, Research and Markets, P&Q