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MBA in the Internet industry - Is there any reason for an MBA to choose this industry?

IMPORTANT: Throughout the article and Part 2 of this article when using the acronym "MBA" I am referring to "Full Time MBA" programs from a Top Tier Business School in Europe U.S. (see current rankings here: BusinessWeek or Financial Times). When I mention and an MBA from here I do not mean any of the following: online MBA Part Time MBA, Executive MBA, Masters of otherwise, or MBA school rankings are not always mentioned are within the top ten.

Career choice after graduation from the MBA: One of the most important decisions in their professional lives

Doing an MBA is a dream come true for many professionals. The reasons for doing so are as diverse as the backgrounds of people who are finally accepted: the change in the industry, better wages, access to multinational companies, to increase opportunities for future promotion, work in a different country, the exponential increase their network of professional contacts, and etc. ... of course ... to learn about business administration in the process. However, one thing is true for everyone: it is probably the only time in his career where, if you really want, you can run pretty much any company in the world. In most cases, not even have to apply actively because most companies will hire you on campus. Depending on the business cycle and its background, it is not uncommon in a position where you have more than one offer and must choose the one you like. Can you think of any other point of his professional life (past or still to come) where you really have two or three job offers incredible at the same time? If you can, you are very lucky. Moreover, this is a once in a lifetime opportunity and the time they have choose wisely.

There are plenty of things to consider when making career choices after the MBA, but I will not go into detail, which would material for another article. The only thing I think is worth mentioning here is that for me the most important factor is that you really like what you do. It is my personal view that if you get into an industry or a job that you really like, you end up being very good at it, and probably more money in the long term than their peers who chose a different approach (from high salaries, for example) as its most important factor.

That said, if you want to do or what you are passionate about is the Internet / technology / media industry, the rest of this article may give you some tips to help you decide and evaluate the pros and cons of entering this MBA sector that are not as common. The goal here is to give reasons for and against taking a job in this sector (for someone who made this election a couple of years back) so you can make a more informed decision.

The Internet industry for an MBA

At first glance, might seem that there are not many reasons for an MBA graduate to enter the Internet / Media Industry. The opportunity cost is too high: You know it's going to earn less money (which in consultation / peers Banking), the stock is worth much less (in a "ENGINEERING / technology" driven by the industry) and be much more difficult to find a job. So ... Why an MBA from a top-level school should consider the Internet Industry?

First let a look at some of the downsides ...

"MBA "??... Culture Nonexistent

It is no secret that this industry is driven by the technicians, engineers and programmers. This is reasonable since most of the early innovations in the industry have led people in the side "technical" rather than "business" of the industry. Just look at some of the biggest brands in the industry for the past 20 years: Sergey Brin and Larry Page (founders of Google), Bill Gates (Microsoft), Pierre Omidyar (eBay), etc. are all where programmers or mathematicians (perhaps the only exception could be Jeff Bezos, Amazon). These companies, with Microsoft and Google at the top of the list have created a corporate culture where the programmer is king, with all other regarded as secondary functions. Many smaller start-ups have followed the market leaders in developing similar corporate cultures of their own creation of any an industry where business people (ie, marketing, finance, sales and other functions) are secondary. In this context, the MBA is no exception. There is no tradition for recruiting MBA's MBA (the industry is still too young), no dedicated resources especially for these professionals, are very few who work already in the industry and, in general, which could be summarized by saying that there is an "MBA culture" in the Internet industry.

MBA hiring experts ... Yet

The Internet industry is new compared to other MBA demanding industries such as banking or consultancy. These industries have worked with MBA in the past and know the value they can derive from them to have specific programs for MBA recruiting, staffing human resources to hire specially trained MBA programs, internship, rotation of the MBA, etc. This means they have much experience in recruitment MBA in recent years and there are plenty of MBA already working in these companies. Usually large consulting firms (Bain, McKinsey, BCG, Booz Allen, AT Kerney, etc) and investment banks (or what remains of them) are the first to arrive on campus to recruit, even 2-3 months before any other company. Great wages and the possibility of eliminating the uncertainty of getting a job early in the drive of many people, usually very bright people, to these industries. But this is the way that works for the consulting / banking ... on the other side of the spectrum is the Internet Industry ...

As mentioned before, this is clearly an industry run by engineers and programmers, where entrepreneurs tend to be a necessary but not a vital part of the company. From hence it is natural that most recruiting resources and efforts are directed to recruit the best and brightest programmers engineers right out University. As former MBA student, this is something that could be seen clearly, while still seeking a job during the second year. Just to give an example of the "big three" names on the Internet and its recruitment processes, while I was on campus 2005-2006.

- Yahoo: did not reach careers event, not to publish any internships or jobs, but ultimately hired a person for an internship. This is one of several types of mistakes when recruiting on campus: Do not announce to the public works / practices. If you want the best candidate, the usual way is to post it through the Training Services Department for the position is available to all students. This creates more applications, more competition and the possibility the company to choose the best candidate from several different applicants.

- EBay: This company had some former students of MBA on staff, but during Two years after my MBA will not post any job or internship for which there is not much I can say about their recruitment process. Maybe in your case, it is only a matter supply and demand: They already had the necessary quota MBA needed for its present structure.

- Google: Google is the most fun event of the three. They just did not want to appear in our job fairs and company presentations, but somehow, our career services staff managed to convince them. They came, made a presentation of the company brought in nine people in the most of any company for that year (usually companies bring the head recruiter and one or two former students). In the end, had no training program to offer MBA type were not positions and there was nothing really clear. They ended up hiring one of our school year ... that, judging from the resources invested, it was a good strategy.

As you can see, in general, these companies do not have well-organized MBA recruiting. Up to a certain extent this is understandable, because the industry is still very young (about 15 years old). My hope is that this will change near future. As the new blood comes to the position of head of departments to recruit other industries, special internship programs designed for MBA and more resources will be used to hire MBA on a regular basis. For now, we can only hope that the few who managed to enter MBA these companies do well with their careers, climb high in the ranks of their organizations and can prove their value to an industry that remains skeptical of the MBA.

Value of an "MBA" Internet industry

It is well known that the MBA degree has a different perception of value through different industries. As mentioned before, the experience and knowledge that a higher level MBA programs can offer are most valued in industries such as consulting, banking, private equity and other financial organizations. Low perceived value lower average wages starting after graduation and this is another of the disadvantages of the decision work in this industry.

If you are not in U.S. not really in the Internet industry

This drawback applies only to mines (like the European MBA, for example). Like many other industries, the Internet industry has also a geographical concentration. As banking (London), luxury goods (Paris), the Internet industry is highly concentrated in the U.S., and especially the area around Palo Alto / Silicon Valley. This is bad news for European MBA students. Furthermore, when the U.S. Internet companies will hire MBA, most of the hiring will take place within the U.S., not Europe or elsewhere, leaving few opportunities for European MBA students.

The question here is obvious to a graduate MBA considering going to the Internet industry: Why choose an industry where there is no culture of MBA all, my title is not recognized as in many other industries, there are no positions much less and on top of that, salaries are lower?

It seems difficult to overcome all these problems, but also There are some very strong reasons for which I will explain in the next part of this article: target = "_new"> Internet MBA

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