Blogs >> Education & Books >>
Is their hope for MBA students in US market?
Students at one of America's
top business schools see evidence that high-technology, start-up and
alternative energy companies will hire more actively this year after a
difficult 2009 for graduates.
MBA students from Massachusetts Institute of Technology's Sloan School recently took their annual "tech trek," testing out the demand for summer internships for the class of 2011 and full-time jobs for this year's graduates.
Students fanned out across Boston, Silicon Valley and Seattle, meeting with energy and high-tech enterprises. In December others visited six Boston-area biotechnology companies.
And what they found gave them reason to hope; tech outfits are finally seeing demand pick up, energy companies are pushing hard to develop renewable fuels and together the two sectors could lead the way out of a job market morass.
Employment growth in the United States has famously been powered by small- and medium-sized businesses. So far in the fragile economic recovery many small firms have been reluctant or unable to take on new staff.
"Our MBAs are unbowed, and they came back with a lot of gusto," said Sloan adviser Paul Denning, who has made the trek to California for several years. "The general consensus is that things are better, particularly in Silicon Valley."
Last year, Denning said, even tech giant Google, "was really not hiring. Everything had contracted after the financial market collapse." Now, green shoots are popping up. Google did hire some Sloan graduates from the 2009 class but was not among the top 13 hirers listed by the school.
MBA students from Massachusetts Institute of Technology's Sloan School recently took their annual "tech trek," testing out the demand for summer internships for the class of 2011 and full-time jobs for this year's graduates.
Students fanned out across Boston, Silicon Valley and Seattle, meeting with energy and high-tech enterprises. In December others visited six Boston-area biotechnology companies.
And what they found gave them reason to hope; tech outfits are finally seeing demand pick up, energy companies are pushing hard to develop renewable fuels and together the two sectors could lead the way out of a job market morass.
Employment growth in the United States has famously been powered by small- and medium-sized businesses. So far in the fragile economic recovery many small firms have been reluctant or unable to take on new staff.
"Our MBAs are unbowed, and they came back with a lot of gusto," said Sloan adviser Paul Denning, who has made the trek to California for several years. "The general consensus is that things are better, particularly in Silicon Valley."
Last year, Denning said, even tech giant Google, "was really not hiring. Everything had contracted after the financial market collapse." Now, green shoots are popping up. Google did hire some Sloan graduates from the 2009 class but was not among the top 13 hirers listed by the school.
|
|
