Key Hiring Trends and Takeaways from the Ross Career Development Office
Heather Byrne, the Managing Director of the Career Development Office at the University of Michigan Ross School of Business, has seen it all when it comes to hiring trends. In a recent conversation, Byrne shared actionable insights and key takeaways about navigating the post-MBA job market.
Industry Trends: A Shift Back to Pre-Pandemic Hiring
Hiring trends vary significantly across industries, but a few patterns stand out:
Consulting: The focus has returned to internship conversions, with fewer direct full-time opportunities. Byrne noted that while students may perceive the market as challenging, data shows a leveling out, rather than a collapse.
Tech: Virtual processes dominate as tech companies move away from core school models. Companies like Amazon now rely mostly on online platforms for hiring.
CPG and Healthcare: These industries remain stable, offering great development opportunities. However, lower salaries compared to consulting or finance can deter some students.
Early Preparation Offers a Competitive Advantage
Ross has taken steps to ensure students are job-market ready even before they arrive on campus. Newly admitted students gain access to a comprehensive career prep course in March, featuring:
Career coaching and resume prep
Workshops and panels on industries, functions, and networking
Informational interviews with alumni
Byrne emphasized that this early preparation is critical for success, allowing students to hit the ground running in their MBA journey.
The Importance of Flexibility and Presence
One of the biggest mistakes students make is fixating on a single career path. Byrne stressed the importance of “parallel planning” and being observant of the market. If students aren’t gaining traction in their target industry, they should explore alternatives rather than doubling down.
Additionally, presence—how students present themselves in networking and interviews—is crucial. Byrne highlighted a lingering “COVID hangover,” with some students lacking confidence or presentation skills. She advises students to focus on building these soft skills, as they can significantly impact how others perceive their abilities.
Alumni Engagement: A Cornerstone of Ross’s Career Services
Ross alumni play a critical role in career support. They host coffee chats, lead treks, and provide mentorship. These connections not only help students navigate recruiting but also build networks that are essential for long-term career success.
Career Goals: A Stepping Stone, Not a Final Destination
Byrne advises students to shift their mindset about post-MBA jobs. “Forget the dream job,” she said. “You need a role where you can do great work, learn, and build your reputation.” The first job out of business school is just the beginning of a longer career journey, not the pinnacle.
Ross’s comprehensive career services, combined with robust alumni engagement, equip students to navigate a complex job market. Byrne’s insights underline the importance of preparation, adaptability, and building relationships – all of which are essential elements for a post-MBA career.