Technology could be putting MBA jobs at risk.
According to a new study by salary benchmarking site Emolument.com, 30% of MBAs and Masters in Management grads, and 40% of Masters in Finance grads feel their jobs are at risk.
Traditionally, low-skilled jobs have been regarded as most vulnerable to the rise of robotic machines. However, those without degrees feel the least worried about losing their jobs to technology.
“While some functions still require a human touch none are unscathed, with even sales jobs being obliterated by efficient machines,” says Alice Leguay, founder and COO at Emolument.
“Jobs in the financial sector are becoming more and more technical: employees are expected to control or at least understand the technological automated processes necessary to fulfilling their professional tasks.”
Forty-three percent of the financial services professionals surveyed felt their jobs were under threat from the looming presence of technology, compared to 33% in sales. Trading algorithms, machine learning and automated trading platforms are sweeping across the sector.
Such a pattern is likely to result in mounting redundancies over the next decades. And a large proportion of Singaporeans (49%) and Swiss (44%) believe their jobs in their respective global financial hubs are threatened by technology.
Indian professionals displayed the second-highest levels of anxiety, at 48%. Their fears are likely impacted by the country’s status as a leading outsourcing hub; outsourcing is often regarded as a precursor to automation.
It’s not all bad news for MBAs. Less than 20% of project managers feel threatened by the rise of the machines. Just 18% of marketing professionals felt their jobs were at risk. Despite the rise of data-driven marketing strategies, there’s still a real need for creative, human input.
Emolument surveyed 900 professionals across a variety of industries, asking them one simple question:
I have met the most competent and diverse batch in this school. These people not only thrive on their own but also makes sure that you are doing it with them. The professors will take your had and walk you through all milestones and make sure you are not left behind. I have found their extracurriculars extremely engaging. There was always a room to have social life after academic life. The only hindrance is the location of the school, it is slightly outside city and living in city is expensive.
Internationality and diversity of opportunities
About my programme I would say it is very international and flexible: we have the opportunity to choose exactly the courses we want. But at the same time, the frame of the campus is crucial in students' life and enable us to create friendships.
Great selection of people
While HEC's MBA is highly selective, I really enjoy the type of people HEC's selects to make sure everybody gets the best out of their MBA experience and networking opportunities. Not only it's an incredibly diverse pool of people (~60 nationalities) but most importantly they make sure to let in friendly empathic and curious people.
Best in France for Grande ecole
A prestigious business school. Languages are important. It is better to have a scientific baccalaureate with excellent grades in high school and good assessments. The courses are well designed as per the latest trends and practicality of learning in stressed upon. Overall, a very good experience.
Diversity and quality of fellow students
Very international and interesting place to be and opens a lot of opportunities, however the administration is very french and facilities are subpar (gym, classrooms) meaning the academic affairs is pretty much useless and lastly we are graded on a curve which can create a toxic environment because of the competition. With that being said the pros outweighs the cons by far.
The quality of the teachers, the campus, the clubs
The school is very international indeed, we have courses with international students and share things with them within the extra academic life (in the social clubs especially). We have great career prospects if we prepare ourselves well - however, the global curriculum is still very finance-oriented, which is a pity for other interesting domains of the company world, which does not rely on finance only. The social clubs are good practice for the management and for now, are quite independent.
HEC Paris awaits you
HEC Paris is really a nice place to do a master's in business. Many classes are useful and interesting (corporate finance, financial accounting, contract law…), some are less - but the curriculum is to be reviewed in the year to come. Regarding the student life, it is incredible, with about 130 clubs, lots of great parties with even greater people. The Jouy campus offers a lot of opportunities to do sports, and you can breathe fresh air every day. HEC also helps a great deal to find an internship or a job.
A dream institute
Enrolling in the HEC MBA was by far the best decision I made for myself. The people and faculty are great, with lots of opportunities to meet people and expand your horizons. Very nice campus where I have had some good running sessions. The alumni network is superb and very helpful. It also has a good support system for entrepreneurs. Would definitely recommend it!