As a strategy manager at self-driving car startup Zoox last summer, Yiannos Vakis, MBA 23, spent a lot of time thinking about the challenges of rolling out robotaxi fleets in cities.
“Watching self-driving cars navigate the complex streets of San Francisco is pure magic,” Vakis said. “But to commercialize at scale, the industry has big strategic questions to work on that no one has fully solved so far.”
Vakis, co-president of the Berkeley Haas Transportation and Mobility Club, is among a growing number of students drawn to the rapidly-changing and fast-growing transportation/mobility industry. At Berkeley Haas, interest in the sector reflects that growth, with eight students in the Class of 2022 taking full-time jobs in the industry, (up from previous years), and 15 students in the 2023 class accepting internships. One lure, aside from the fun of being immersed in new technology, is the impressive pay. Mean base salaries for the 2022 FTMBA grads reached the higher end of the school’s employment report, coming in at $152,000 with a mean $23,000 bonus.
The Haas Mobility Club is hosting its annual Haas Mobility Summit 2022 Saturday, Nov. 5, at Chou Hall’s Spieker Forum.
Doug Massa, a relationship manager in the transportation and mobility sector for the Berkeley Haas Career Management Group, said the rise in interest comes at a time when companies that spent years on the technical aspects of building their products and services are looking to scale.
“That’s why these companies are recruiting strong MBA talent,” Massa said. “MBA roles like corporate strategy, product management, and operations are what get our students excited and these are the types of roles that they’re landing.”
Many current students are meeting and networking through the Haas Mobility Club, which is hosting its annual Haas Mobility Summit 2022 Saturday, Nov. 5, at Chou Hall’s Spieker Forum. The summit, UC Berkeley’s largest transportation-focused conference, focuses this year on “reimagining sustainable and accessible mobility,” with senior executives from Zoox, Rivian, General Motors, Spin, Autotech Ventures, and others joining. The student-run Haas Mobility Club, now more than 175 members strong, welcomes graduate students from beyond Haas—in the Engineering, Data Science, and Urban Planning programs.
As the market has heated up, Massa said he’s fielding about 20 calls a week from first and second-year students who want to talk about job opportunities in transportation. In addition to Uber and Lyft, Massa helps students recruit for roles at upstarts as well as big automakers like GM and Ford, electric auto leaders like Tesla and electric adventure vehicle maker Rivian, and autonomous vehicles like Cruise.
Haas Mobility Club member Minjee Kang, MBA 23, landed an internship in strategic operations at Rivian. Kang, who worked in operations at Air Korea before coming to Haas, said her goal and her reason for getting an MBA is to be part of sweeping industry-wide change.
“I believe the airline industry is going to be disrupted soon, just like Uber and ride sharing disrupted the traditional auto industry,” she said. “I think the transportation and mobility industry is facing a variety of opportunities as a whole, and I want to be a part of it.”
Sarah Thorson, MBA/MEng 23, who studied mechanical engineering as an undergraduate, landed an internship in product management at Nvidia, where she worked on autonomous vehicle development tools.
Thorson said she’s always been pulled to the technical side of the auto industry and knew she could study both business and engineering in her dual degree program. “I wanted to come to Haas to explore a product role in tech and to learn about the impact of technology innovations on transportation and mobility,” said Thorson, co-president of the Haas Mobility Club.
Investment opportunities in transportation also lures MBA students. Logan Szidik, MBA 23, pivoted toward early stage venture capital investment at Haas, working as an intern at Menlo Park-based Autotech Ventures.
“With companies staying private longer than ever before, private capital has an outsized impact on the future of the automotive industry,” he said. “As someone with a deep interest in technologies addressing the climate crisis, I wanted to better understand how investors approach start-ups focused on emerging spaces like vehicle-to-grid and fleet electrification.”
As more Haas grads move into transportation, the alumni community has expanded, with about 180 members of the Haas Mobility Network’s WhatsApp group.
That community includes transportation industry entrepreneurs like Ludwig Schoenack, MBA 19, co-founder of Kyte, a cars-on-demand service, and Arcady Sosinov, MBA 15, CEO of FreeWire, which makes fast electric vehicle chargers and battery generators. Both Bay Area companies have found success in raising $239 million and $230 million respectively, to expand their businesses.
This rich alumni network will continue to serve students well, Massa said. (Carlin Dacey, MBA 22, for example, recently joined Kyte as a market manager)
“The network has led to internships and full-time jobs,” he said. “It’s become a really nice ecosystem.”