MBA roles in tech firms simply aren't that interesting. And when you look at the compensation over the long-term, banking actually wins out. Getting let go in banking is pretty damm hard. For MBAs, tech pays less and is less stable than the top BBs and EBs.īecause MBAs are not central to tech firms, they are easily disposable, and as the needs of the various business groups evolve, one's career stability is oftentimes linked to these factors beyond one's control. Much of a finance professional's job entails chasing down different groups to gather relevant data, holding meetings to make sure that nothing stupid is done on the financial side, and doing P&L consolidation and forecasting. The work is also not challenging, as it is more aligned with corp finance/glorified accounting rather than actual modeling and valuation. Depending on the firm and group, finance can make budget and capital allocation decisions, but by and large, their input is not central to a business decision. At tech firms, finance exists to provide analytical support to the various business stakeholders. The PM is a passive agent who responds to what the tech teams are doing and translates their work into actionable business items. But the engineers do not work for the PM, so ultimately they are the ones who dictate what gets done and when. As such, the PM is a glorified project manager who manages relationships with the various tech teams and ensures that the key guidelines are met. Although the PM is the de facto "owner" of the product, he is not its creator, as that falls to the engineers. For instance, a PM will be tasked with handling a certain product or feature, guiding its development process from inception until launch and managing its evolution.
Aside from getting paid less, those functional groups are ancillary to the firm and do not drive the central decision making process. Tech firms are run by the engineers and scientists, period.Īs an MBA, you will most likely join either product, finance, or marketing.
#MEGAMENU UBER LANGUAGE SWITCHER PROFESSIONAL#
For reasons that will become clear once you read this thread, not doing banking was the biggest mistake of my professional career, a mistake that I will regret for years to come. Moreover, post-MBA banking has unfairly gotten the shaft, although I see interest in banking experiencing an upsurge. Unfortunately, most MBAs follow the herd and jump on the tech bandwagon without thinking more deeply about the role of MBAs at these firms.
Tech has been super hot at MBA programs, and I frequently get e-mails from students at my alma mater, who want to talk to me about working at my firm. As an MBA graduate from a top program currently working at a FAANG tech firm, I have to get this off my chest.
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