Top 10 Global Tech MBA Programs for 2020
Technology is one of the fastest-growing industries in the world and there is an increased demand for MBA graduates with an understanding of IT and Technology Management. This heightened demand has made Tech MBA programs extremely popular in recent years.
If you are a technology professional who is looking to pursue an MBA program or are just curious to know more about the top tech-MBA programs then you are at the right place.
Such technology focussed MBAs are also great if you are great at coding and want to stay in the technology domain – however you now want to understand the management aspect of running things.
What is Tech-MBA ?
While the technology industry is majorly driven by programmers and engineers, they also need business leaders who understand the industry. From a job prospect perspective, such MBAs are in demand as most companies value someone who can look at a problem from both angles – the technical angle and the business angle.
Tech companies like Microsoft, Apple, Alibaba, Amazon, Google, and Facebook are not only the largest companies in terms of the market value but also the most significant employers of MBA graduates. This has led to the birth of tech MBA programs that have redesigned the traditional MBA program around the needs of the tech sector.
A tech-MBA combines the knowledge of technology and management into a single graduation program. The program involves the study of technology that is driving the current business and focuses on creating a new strain of digital leaders who can combine their business acumen with technical expertise.
How is Tech MBA different from a regular MBA?
A traditional MBA primarily focuses on enhancing an individual’s leadership and management skill. A tech MBA, on the other hand, combines traditional business knowledge with other technology specialized courses such as information security, project management, digital finance, analytics, digital transformation, and artificial intelligence.
The Tech MBA is ideal for people from an engineering background or someone with a genuine interest in technology and with a desire to work within the tech industry.
Career Options for Tech MBA Graduates
The graduates from tech-MBA will be qualified to pursue a variety of high-level careers.
1. Information System Manager
The primary role performed by an information system manager is to design and manage the information systems. They ensure the efficient working of the staff who plan, install and maintain the required upgrades. They work at multiple levels in an organization to oversee information technology (IT) resources and personnel.
2. System Analyst
A systems analyst is the one who uses data, analysis and design methods to solve business problems. They are responsible for identifying the organizational improvements required, design better systems to implement those changes and train others in utilizing those systems.
3. Chief technology officer
The role of a CTO is to make all executive decisions with regard to the technological interests of a company. They are also involved in outlining the company’s technological vision, implementing technology strategies, and ensuring that the technological resources are aligned with a company’s basic business needs.
4. Product manager
A product manager is a person responsible for defining the why, when, and what aspect of the product that will be built by the engineering team.. This means that they are responsible for leading the cross-functional teams from a product’s conception all the way through to its execution and launch.
5. Technology consultants
A technology consultant is the one who understands what the client wants to achieve for their business and advises how to leverage technology to deliver those business outcomes. These consultants work with clients to help them transform the way they use technology in business.
The Top Tech MBA Programs in the World
LOCATION- New York
DURATION- 1 year
One advantage that this program has is that it is located in New York which gives you access to a lot of companies like Amazon, Google, Facebook. People usually think there are not many technology companies on the east coast, but most popular companies will have an office in New York or in the periphery making Stern has a good geographic location advantage.
The Stern regular MBA program also appears routinely within the top 10-15 ranks which makes you have a pedigree of an MBA granting institution. This B-Schools also offers the STEM MBA program which gives an opportunity for international students to extend their Visa by another 24 months.
2. CORNELL UNIVERSITY
LOCATION- Ithaca, New York
DURATION- 1 year
Cornell Tech MBA program is a one-year course that starts off with an intense 10-week coaching in business and leadership aspects that you need to know. Following this, you will be moving to their New York campus. In January, between two semesters, you have an opportunity to travel to Israel to network and showcase business solutions to the local citizens.
Another cherry on the cake is that Cornell by itself is an Ivy League college that comes with a good brand credential.. It is also kind of located on the east coast which gives access to large cities which makes it a program that you must consider.
3. FOSTER SCHOOL OF MANAGEMENT
LOCATION- Seattle, US
FEES- $70,668 (resident); $103,062 (non-resident)
DURATION- 1.5 years
The Tech-MBA program at the Foster School of Management at the University of Washington is a technology focus accelerated MBA program for a duration of 18 months. It is situated in Seattle, home to two of the largest tech players in the world, Microsoft and Amazon. One major advantage of this program is the geographic location, an environment that facilitates growth. With the rise of tech-consulting boutiques that specialise in niche services, this place certainly promises growth and employment opportunities to students post their MBA.
4. IE BUSINESS SCHOOL
LOCATION- Madrid, Spain
DURATION- 1 year
The IE business program located in Spain is one of the first of its kind in the whole of Europe. It promises to develop professionals who want to pursue a career in the technology sector. It lays 100% emphasis on business for tech considering the fact that the students who are going to apply to their college already have a tech-background.
5. CARNEGIE MELLON SCHOOL OF BUSINESS
LOCATION- Pittsburgh, Pennsylvania
FEES- $65,000 per year
COURSE INTAKE- 465
DURATION- 2 years
This program offers a technology strategy and product management MBA track which was earlier referred to as the technology leadership track. This track emphasizes the management aspects of running a high-tech company helping the students who aspire for senior positions like product manager, technology consultants, CTO, VP of products, etc.
6. GEORGIA INSTITUTE OF TECHNOLOGY
LOCATION- Atlanta, Georgia
FEES- $40,180 per year
COURSE INTAKE- 167
DURATION- 22 months
The Georgia Tech Scheller MBA program clearly highlights that the students who join them with tech orientation will thrive. There are many examples of alumni who have managed high positions or roles.
The Scheller program also has an MBA core, which is the Information Technology management core located in Atlanta, offering a geographical competitive advantage that is crucial when it comes to tech.
With all these Tech MBA programs on one hand, now let us look at other colleges who do not have the tech program as a specialization but are great and should be considered for various other reasons.
7. STANFORD UNIVERSITY
LOCATION- Stanford, California
FEES- $70,590 per year
COURSE INTAKE- 855
DURATION- 2 years
The biggest advantage of this program is that it is situated in the bay area which is accessible to many great companies in the technology sector. Many of the largest tech companies took birth at Stanford. It is certainly easy to guess the number of product managers who will be absorbed into Google as product managers from Stanford.
For those with higher work experience and are looking to pursue an MBA in the tech sector, Stanford also has the MSX program, a one year accelerated fellowship for people with a minimum of 8 years of experience.
8. HAAS SCHOOL OF BUSINESS
LOCATION- Berkeley Haas, California
FEES- $101,534 (non-resident)
COURSE INTAKE- 291
DURATION- 21 months
Situated just 31 miles away from the bay area in Silicon Valley, the Haas School of Business at the University of California is the second oldest Business Schools in the US. The Haas School of Business is also known as the hub of innovation and knowledge in all areas of business. The B-School boasts of a varied alumni base of 40,000 students from around the world that include the CEOs, CFOs, Olympic medalist, comic strip writers, artists and many more. One advantage that B-School students have at Haas is the school’s proximity to San Francisco that gives them numerous opportunities for internships at companies like Google and Visa.
9. TEXAS UNIVERSITY
LOCATION- Austin, Texas
FEES- $40,622 per year (in-state); $54,394 per year (out-of-state)
COURSE INTAKE- 551
DURATION- 2 years
The McCombs MBA Program at the University of Texas also offers a course on technology.. With a lot of companies in the US moving away from expensive states like California to less expensive cities like Texas, this university definitely will be of advantage to all students.
10. MASSACHUSETTS INSTITUTE OF TECHNOLOGY
LOCATION- Cambridge, Massachusetts
FEES- $74,200 per year
COURSE INTAKE- 813
DURATION- 2 years
This university is mainly known for its regular MBA program in the tech field.
It is always wise to explore other programs if you have a slightly greater experience. Like Stanford and MIT, both have a unique pedigree because of their tech schools that they also offer programs for people who have been in IT for a longer period.
Similar to Stanford, MIT also offers a program for those with more than 5 years of work experience called the SDM (System Design and Management).
Studies state that there is a surge in the need for MBA graduates with a tech background who are passionate to find business solutions in the field of technology. With the dawn of new tech ecosystems, tech cultures and the use of tech services on a large scale, there is indeed a huge demand for Tech-MBA graduates.
If you are one of those who is looking for a career upgrade in the Tech Sector, then do waste no time and start applying to any of these top-Tech MBA programs in the world.
And If you are still wondering if your profile is ideal for a tech MBA program, then do fill in our free profile evaluation form and see for yourself.