The rise and emergence of nonprofit organizations and the public-sector and its unique funding and management structures, is attracting young professionals and recent college grads who wish to advance their careers. The public management, nonprofit, and business sectors are becoming more integrated. Governments are increasingly dependent upon businesses and nonprofit organizations to provide public services, regulation is increasing, and nonprofit organizations provide an alternative for public service delivery as well as maintain a watchful eye over businesses and governments.
Non-profit organizations, unlike private companies, do not operate under the premise of earning the highest profits possible for owners or shareholders. Rather, they're working toward a specific cause or goal, whether it's finding a cure for breast cancer, providing disaster relief, or improving education. Understanding of public problems and the intersections between the sectors is critical for which professional managers with managerial skills and understanding are much needed. MBAs can play an important role in this process by expanding their focus to bridge the gap between public affairs, issues and the business sector.
Recruiters and employers of these organizations and sectors need versatile management students, who are expected to pitch in on a variety of responsibilities, from fundraising and organizing volunteers to tracking expenses and completing paperwork. They need managers who will be able to work collaboratively with workers and other field staff, but also be a leader and a self-starter, because non-profits don't always have the funds to hire more staff if workloads increase.
Recruiters look for college students who have previous volunteering experience or internship at a charity or non-profit organizations. With experience in a particular area of non-profit work, the individual's work output will be better. Limiting one's career in the non-profit field is the salary, which typically isn't as high as those in fields like business or law, but it's not as low as the public perception portrays it to be. Non-profits do try to stay competitive with the private sector by offering their employees special perks like education stipends or generous paid time off.
The career path for non-profit and public sector work can vary wildly-some organizations and sectors barely hire at the entry level and others are looking for recent college graduates. Getting a sense of the size and scope of the non-profit organization or public sector that interests' students can better help them to figure out whether they have a chance of getting hired full time, or whether you'll need to start as a volunteer or intern.
Non-profits are increasingly investing in Managers and Recruiting fresh graduate MBAs who have the business acumen to maximize profits and cut losses so they can remain sustainable.