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If this week we have heard that most MBA graduates from the nation's top business schools.
Are all getting jobs and those jobs are usually in finance and consulting but it's a much different story at Berkeley's Haas school of business.
A third now full third of their graduates are now going into technology.
Rich lions as the dean of Berkeley -- school of business she's joining me now it are masters of business series good to -- dean lions.
Of course sum -- Berkeley graduate so I'm all picked up about this one but that I I've known for so long.
But the -- business school has really been the launching pad.
For graduates who have gone on to be the CEO's of major companies Paul Otellini of Intel -- and as of Novartis.
Shots and you know Ryan -- Adobe I mean it's just amazing some of these names -- -- Jack in the Box chairman and CEO.
What's in the water it costs.
Oh well that's a good question let me start on a more personal note I'm a graduate of the school myself than for -- the experience was transformational.
It's -- It is a very different kind of place a fermenter and ideas it is.
It is ultimately go about the three things I think it's about the place it's about the -- about the culture of the place is San Francisco Bay Area Silicon Valley entrepreneurship.
Innovation right that's very important to us.
It's about people -- activity of our programs a faculty that could be teaching anywhere in wanna be at Berkeley.
And it's about culture the norms and values that define us as an institution.
That's the deep stuff you know IR AI know all about the culture because of course of study this this company said this of this business school so closely and among them.
We we put them up on the screen because I want our viewers to know what's different about Berkeley's Haas school of business.
Question the status quo that's the top thing about the culture there you also have confidence without attitude.
I think that in this -- -- the CEOs with the two that's just not really working students all ways.
And then beyond yourself if you did that about -- about -- that's really California what does that really mean.
Good question good question until beyond yourself is that that sense of stewardship for something larger some.
And beyond just you and your career.
Are you there to elevate others are you -- use -- to elevate other things and elevate yourself but that's that's an important part of -- -- today.
Abbas as as a public university business.
But let me get some numbers here you get about 3350.
Plus applications you only except under 300 about 246.
Get jobs within the past the first three months of graduating with starting salary of a 1161000.
That's pretty much on par with the top schools.
-- but the UC system itself has suffered because the state of California has suffered since the financial crisis.
And they pulled millions and millions of dollars from the UC system Berkeley including.
-- can you continue to provide that brilliance of Berkeley at the high school with fewer dollars.
Good question you know there are obviously trends in higher education more generally thankfully at -- business in Berkeley Haas we.
We have a financial model and built it up over at least the last twenty years that is.
Largely protected us from that right these are things like executive education and other elements of our programming many of large degree programs are so called self supporting program so they are -- market price.
And they are providing not best in market services so.
We're we're protected.
But mentioned that your -- is is famous sister students you've got Janet Yellen on your faculty she may be the next Federal Reserve chief we don't know -- Council of economic advisors but let's get to where the students want to work.
They're not going to necessarily the politics they're going in to technology -- -- Push back here -- acts like it owns Silicon Valley.
Let's Stanford is a fine university in a -- business goal is no question about it you know when we think about technology as you -- a lot of our students wanna go into that into that field.
We think about it's a very dynamic field you know that right very very high clock speed lots of change not everybody wants network environment but a lot of our students do.
It is also the kind of industry that that is wide ranging when you start thinking about education technology biotechnology.
Or social media or or IT.
And it is also an industry where you can have a tremendous ripple effect real all of us used technology so much during our lives that it has -- system wide impact and our students want to have that so.
That's partly why we see so many people coming to -- wanting to go into technology as well as consulting and other fields and out.
-- words Silicon Valley is cal bear territory rich it's great to see you thank you for coming on.
Thank you very much list rich Lyons is the dean of the Haas school of business at UC Berkeley make sure.
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