The Millennial MBA generation, or Generation Y, is taking the business world by storm.
Tech-savvy, entrepreneurially-minded, and determined to make an impact, millennials are tomorrow’s business leaders.
Millennials have the power to rejuvenate cities and prop up economies with their hipster, café-style consumerism. Millennial have the potential to create the next billion dollar startups. And cities across the globe are well-aware of the need to attract them.
From Austin to Amsterdam, there’s no shortage of millennial-friendly cities for the most travelled generation in history to lay down their roots.
Here's our 10 best cities for millennial MBAs:
The below list considers startup culture, employment rates, internet speed and nightlife scores from a study by online housing platform Nestpick, as well as level of business education, reputation and funding opportunities for startups and technology.
1. Austin, TX, USA
With over 20% of the city's population in the 25-to-34 age bracket, and a strong startup culture, Austin offers the perfect blend of lifestyle and business opportunity that Millennial MBAs crave.
Austin's top business schools:
McCombs School of Business - 46th in the Financial Times 2017 Global MBA Rankings.
2. London, UK
London remains Europe’s number one location for tech start-ups, even after Brexit. According to a Tech Nation report, there were 7,682 startup births in London in 2016 and the UK as a whole saw £6.8 billion invested in tech, twice as much as the closest European neighbour.
Housing and cost of living can be an issue, but are a pain worth bearing if working in tech or finance is your goal post-MBA.
London's top business schools:
London Business School - 6th in the FT rankings
Cass Business School - 37th in the FT rankings
Imperial College Business School - 45th in the FT rankings
3. Copenhagen, Denmark
Copenhagen is a sustainable city with a history of contributing to the global tech scene. Its tech hub, Startup Village, is now the largest startup hub in the Nordics.
Copenhagen's top business schools:
Copenhagen Business School - 4th in the world in Corporate Knights' Better World MBA Ranking 2016. 35th in Financial Times' European Business School Ranking 2016
4. Amsterdam, Netherlands
Amsterdam topped the Nestpick list for millennial suitability and hit a perfect 10 in tolerance of LGBT issues. It also scored consistently high on startup culture, internet speed and gender equality. The Netherlands is known for it's entrepreneurial economy and its capital is ripe for MBAs looking to start a new business venture.
Amsterdam's top business schools:
Nyenrode Business Universiteit - 38th in Financial Times’ European Business School Ranking 2016
Amsterdam Business School - 55th in the QS World University Ranking 2016
5. Berlin, Germany
Berlin has a world-class infrastructure with top scores in the Nestpick study coming in public transport, internet speeds and gender equality. It also scored a Nestpick perfect 10 for nightlife. You’d be hard pressed to find a city that's better connected anywhere in the world.
Berlin's top business schools:
ESMT Berlin - 70th in the FT rankings
6. Vancouver, Canada
Vancouver is a great place to start a startup - well-suited to ambitious MBA entrepreneurs. There's over 2,000 startups in Vancouver listed on AngelList.
Vancouver's top business schools:
University of British Columbia: Sauder - 36th best university in the world in the Times Higher Education Rankings 2016
7. Denver, CO, USA
This US city is attracting Millennials like no other. Its secret? Jobs. Denver has seen huge amounts of millennials arriving with generation Y now making up 32.5% of the city’s workforce. It's clearly embracing a new ways of thinking and doing business.
Denver's top business schools:
University of Denver: Daniels College of Business - Inc. Magazine's top 10 most innovative MBA programs
8. Paris, France
The high on the quality of life and education on offer in Paris makes it an exciting prospect for anyone looking for somewhere study an MBA. Counting against it is the low level of employment opportunities and high cost of living.
Paris' top business schools:
HEC Paris - 20th in the FT rankings
ESCP Europe - 24th in the FT rankings
EDHEC Business School (Paris campus) - 74th in the FT rankings
9. Seattle, WA, USA
Seattle was recently ranked as the best US city for Gen Y Jobs in a poll by PayScale, which reported job satisfaction to be 70% among those who replied. It's a city that has embraced the millennial mind-set.
Seattle's top business schools:
University of Washington: Foster - 41st in the FT rankings
10. Munich, Germany
Berlin's more serious cousin, Munich scored high in the Nestpick study for employment opportunities and startup culture, but had low scores for internet speed and housing.
Munich's top business schools:
EU Business School (Munich campus) - Fifth in the QS Return on Investment Report for salary uplift in Europe