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Career Trends MBA Students Should Know in 2024

In recent years, career opportunities for MBA aspirants have witnessed a transition. They are in high demand in the tech sector, with leading global tech giants pulling the maximum number of MBA graduates. According to career experts, MBA jobs are all set to boom in 2024, with lack of skills and uncertainty in the business environment.

With most organizations shifting to new business models in the midst of the pandemic, the demand is likely to be stronger. It is the best opportunity for all the aspiring MBA students to know about the emerging trends in 2024. Here is a chance to pick the best opportunities and the ones worth knowing about.

A rise in jobs for MBA graduates in tech firms

Amidst the pandemic and even when working from home, employees at technology companies can do their jobs without sacrificing productivity. Apple became the first company to be valued at more than 3 trillion US dollars recently.

To put things into perspective, their success during the pandemic has resulted in an increase in annual MBA hiring during this time period. In 2019, 80 percent of tech companies reported plans to hire MBAs, but by 2023, that figure had risen to 96 percent. This could be a boon for international students.

More jobs in the healthcare sector

The healthcare industry comes up with enormous opportunities in the midst of the ongoing pandemic. The industry’s demand extends beyond healthcare professionals, with an increasing role of MBA graduates in the healthcare sector. The foremost reason being the introduction of innovative technologies such as predictive and preventative healthcare. According to experts, healthcare and biotech were the top recruiters for MBA graduates last year, and this trend is expected to continue in 2024.

Consulting firms hire MBA grads

Consulting firms are frequently ranked among the best places to work in the world. The industry is one of the top three sectors for MBAs to enter after graduation, along with finance and tech. Being a consultant allows you to put everything you’ve learned during your MBA to use. You will work with clients on projects spanning multiple industries and functions, as well as in teams comprising colleagues from all over the world. While most MBA programs can help you get a job as a consultant, MBA consulting specialisations focus on this career path more closely, preparing you for a career in the industry.

Opportunities in inclusivity and diversity

Sustainability is high on the political agenda, and it is also becoming increasingly important in business, with experts predicting a job boom in the field.

According to reports, companies with above-average diversity in their leadership teams achieved higher levels of innovation. Diversity and sustainability, according to career experts, will be a major focus for MBA recruiters in 2024. Employers across industries are looking for candidates who demonstrate these core values.

Surge in product management roles

Product management roles are one area that has seen an increase in interest. As these marketing-focused positions are becoming increasingly popular among MBAs, companies in a variety of industries look to MBA programs for product managers.  Experts are of the opinion that the number of people applying for these positions has increased to the point where firms can be more selective and ask for or look at candidates who have specific product experience prior to coming into that role.

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Career Trends for MBA Students in 2023

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