Economic Meltdown and its effects on MBAs
Posted 09-24-2009 at 07:13 AM by ichkoguy
The economic turmoil has taken a toll over the corporate scenario. The corporate giants have seized recruiting even from the best B schools across the world .The foremost B schools have thus began to galvanize its influential alumni network and its career service to help out the fresh graduates and those who are about to be graduates .This step is helping the students find themselves in a firm position during these times.
Harvard Business School's Admission Director Dee Leopold had posted in one entry on her blog directed at prospective students about matters related to how the current economic slowdown will effect the future admissions. Trepidation among that of the class of 2011 may be that of not finding the coveted jobs upon graduation, so Harvard – and a number of other b-schools – have already increased communicating with students and rise up their departments dealing with career services .
MIT Sloan Dean David Schmittlein had written to alumni earlier this week in an email that "whether you are employed by a new corporate organization or, a not-for-profit service, these services would certainly be there for you there for you. "He also requested the alumni in position to provide help for other alumnus who has the requirement of jobs .He wanted them to get in touch with the school.
The attempts made by these top notch b-schools and others makes a completely clear statement: MBA degrees are still in high demand. Cynics may predict that there is not much of a rosy picture for the MBAs to secure the coveted jobs, management experts contradict the opinion and suggest aspirants would have their expected benefits after the completion of their degrees.
Underlying these dark times is a silver lining that eludes the eyes. The business schools have got the most vivid chance of teaching the students the salient features of risk management. The management professionals have been taught how to learn to run their own policies and not fall prey to their own demons. The much needed risk management factor is thus coming out the closet and become a part of the MBA program.
Due to this current economic crisis one of the most important things that have come in the forefront is a worthwhile to be given a thought. Plush corporate jobs, high salary packages have been the chief factors in the mind of both the institutions and the students .This might have been a reason that might have led to a certain void in training them accurately. The focus thus should have been on teaching the students the core concepts of business and making them understand the tricks of being real business leaders.
Emphasis thus currently is more about providing the students with the real business scenarios more than the required classroom lessons. The impacts of economic meltdown had been harsh on the placements and MBAs is fact but yet we all are aware that The requirement for MBAs would never subside even if there is some temporary plummet in their requirement by the business houses.
Harvard Business School's Admission Director Dee Leopold had posted in one entry on her blog directed at prospective students about matters related to how the current economic slowdown will effect the future admissions. Trepidation among that of the class of 2011 may be that of not finding the coveted jobs upon graduation, so Harvard – and a number of other b-schools – have already increased communicating with students and rise up their departments dealing with career services .
MIT Sloan Dean David Schmittlein had written to alumni earlier this week in an email that "whether you are employed by a new corporate organization or, a not-for-profit service, these services would certainly be there for you there for you. "He also requested the alumni in position to provide help for other alumnus who has the requirement of jobs .He wanted them to get in touch with the school.
The attempts made by these top notch b-schools and others makes a completely clear statement: MBA degrees are still in high demand. Cynics may predict that there is not much of a rosy picture for the MBAs to secure the coveted jobs, management experts contradict the opinion and suggest aspirants would have their expected benefits after the completion of their degrees.
Underlying these dark times is a silver lining that eludes the eyes. The business schools have got the most vivid chance of teaching the students the salient features of risk management. The management professionals have been taught how to learn to run their own policies and not fall prey to their own demons. The much needed risk management factor is thus coming out the closet and become a part of the MBA program.
Due to this current economic crisis one of the most important things that have come in the forefront is a worthwhile to be given a thought. Plush corporate jobs, high salary packages have been the chief factors in the mind of both the institutions and the students .This might have been a reason that might have led to a certain void in training them accurately. The focus thus should have been on teaching the students the core concepts of business and making them understand the tricks of being real business leaders.
Emphasis thus currently is more about providing the students with the real business scenarios more than the required classroom lessons. The impacts of economic meltdown had been harsh on the placements and MBAs is fact but yet we all are aware that The requirement for MBAs would never subside even if there is some temporary plummet in their requirement by the business houses.
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