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Do internships affect MBAs' career paths?

 

MBA Focus recruiting and career services

 

Half-way through the graduate business schooling process most MBA students participate in an internship. By this time, many MBAs know what they want to do and where they want to work, but the MBA internship is the final confirmation -- for most! For some MBAs, the summer internship can be an enlightening experience that ultimately changes their career path.

Take the current 2nd-year class of MBA students preparing to graduate this summer for example. The majority of them spent last summer in an internship in the investment banking / brokerage industry:

  • 1. Investment Banking / Brokerage 6.26%
  • 2. Strategy 5.24%
  • 3. Investment Management 4.89%
  • 4. Internet Services / E-Commerce 4.86%
  • 5. Private Equity 4.48%
  • 6. Software 2.83%
  • 7. Beverages / Food 2.71%
  • 8. Management 2.51%
  • 9. Hedge Funds 2.49%
  • 10. Retail 2.44%

After completing their summer internships, however, the same class of 2012 MBA students now prefers a career in strategy-- with investment banking / brokerage sliding to the fourth most popular industry! Take a look:

  • 1. Strategy 4.87%
  • 2. Private Equity 4.67%
  • 3. Venture Capital 3.87%
  • 4. Investment Banking / Brokerage 3.80%
  • 5. Investment Management 3.66%
  • 6. Hedge Funds 3.16%
  • 7. Internet Services / E-Commerce 2.39%
  • 8. Beverages / Food 2.08%
  • 9. Management 2.03%
  • 10. Diversified Financial Services 1.81%

Here are the industries that saw the most significant change in interest following the summer internships:

  • Venture Capital  +1.59%
  • Luxury Goods +0.81%
  • Hospitality / Tourism +0.71%
  • International Trade - Import / Export +0.68%
  • Consumer Products +0.68%
  • Consulting  +0.68%
  • Hedge Funds +0.67%
  • Entertainment +0.55%
  • Leisure / Recreation +0.50%
  • Sports & Sports Management +0.47%

...

  • Marketing -0.49%
  • Nonprofits & Social Enterprises -0.52%
  • Providers & Services -0.63%
  • Beverages / Food -0.63%
  • Accounting -0.74%
  • Retail -0.82%
  • Software -1.09%
  • Investment Management -1.22%
  • Investment Banking / Brokerage -2.46%
  • Internet Services / E-Commerce -2.47%

Interested in learning more about the recent trends in MBA demographics? Want to an inside look at the data yourself? Sign up for our annual reports and the most comprehensive profile of MBA students and alumni available by clicking here.

 

Author

Dave Hoy

Dave, Business Intelligence Specialist, is a co-founder and minority shareholder of GradLeaders. Dave has been immersed in the MBA recruiting business since 1990, and helped pioneer the first MBA resume database products that were distributed to recruiters. Dave graduated magna cum laude from Franklin University with a major in computer management.

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