In spite of recent concerns in the business school world that MBA degrees do not teach students skills that companies need, recruiters are increasingly giving the professional services firms a run for their money when it comes to recruiting newly minted MBAs directly from business school. These days companies such as BP, BT, Google, Pepsico, Samsung and Shell are names as familiar on the business school campus as investment banks and management consultancies.
The sea change came with the classes that graduated in 2002 and 2003. Following the terrorist attacks in the US and subsequent economic uncertainty, management consultancies and bankers slashed staff numbers and stayed away from business schools. Industrial companies saw their chance. (FT)