David Smith Says MBA Could be Key to Future Success for Tech Workers in IMA Network
The number of jobless Americans in the technology industry increased again in May 2023, according to the most recent data from the U.S. Bureau of Labor Statistics. Tech sector companies reduced headcount by roughly 9,000 jobs last month compared to adding 32,000 the same month last year.
David M. Smith, PhD and Professor of Economics at Pepperdine Graziadio Business School, says that while the technology industry unemployment figures appear to be leveling off, that is little consolation to the tens of thousands of technology industry workers who are unemployed, underemployed or had job offers rescinded. Many would-be professionals in the tech industry are left wondering: what can I do to get a leg up in the industry?
For professionals who are in the industry or desire to join, workforce training may be the key to getting a new position, embarking in a new direction, or preserving a long-term career. A graduate business degree can provide enhanced knowledge, specialized skills, and expanded career opportunities, ultimately leading to higher earning potential and increased professional growth.
Here are some of the specific benefits of earning an MBA for a technology career:
Broaden Skill Set: An MBA program offers a comprehensive curriculum that includes technology but extends to other valuable areas such as finance, marketing, strategy, and operations. Acquiring knowledge in these areas can help a technology professional be more versatile and therefore more valuable in the job market.
Networking Opportunities: MBA programs bring together professionals from diverse backgrounds and industries. Building a strong network of classmates, alumni, and faculty can provide valuable connections and potential job opportunities in the tech industry or other sectors. For example, students who earn an MBA from Pepperdine Graziadio have immediate access to more than 48,000 alumni.
Read the full article in IMA Network.