Startup Companies Can Offer Opportunity For MBA Graduates
January 5, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Students with MBA degrees may be able to beat the current recession by landing positions at startup companies, which can offer rapid career growth potential.
The credit crunch of recent months has helped make venture capitalists and other lenders more wary of funding startup companies, but this doesn't necessarily apply to every industry. For example, a recent report by Greentech Media estimated that a record $7.7 billion was invested into green energy companies in 2008.
Analyst Erik Straser told the news service that 2008 marked "the end of the beginning" of this phase of the green technology industry, and that in the near future, investors would be more attracted to startup companies that could feature proven management teams and other signs of strong potential. But last year, green technology companies represented 20 percent of venture capital investments.
Other studies have shown that MBA students wanting to startup a new company in this economy are relying heavily on student credit cards to fund their ventures, fearing big VC firms will no longer take a risk on them.
"I think that startups will be hiring a significant number of talented individuals who would have been taken by larger corporations," MIT Sloan student Pedro Santos was quoted as saying in a recent press release, going on to predict that MBA graduates could offer an "infusion of energy and talent" to such companies, along with significant general value.
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Related Article Topics: Management
