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MBAs no longer in demand

By tovarichpeter   2013 Jan 7, 9:11am   ↑ like   ↓ dislike   822 views   5 comments   watch (0)   share   quote  

http://www.theatlantic.com/business/archive/2013/01/there-are-officially-too-many-mbas/266880/

U.S. now has a glut of MBAs. The problem, it seems, is the proliferation of B-grade B-schools. Universities are now conferring 74 percent more business degrees than they did in the 2000-2001 school year. Much of that torrid growth has been driven by part-time and executive MBA programs at less-than-prestigious institutions looking to cash in.

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1   Rin (6/6 = 100% civil)   2013 Jan 7, 9:33am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

MBA-ism is about cronyism, not academics.

The two pinnacle industries for B-school graduates, management consulting and investment banking, do NOT actively recruit from outside of the circles of Harvard, Wharton, Stanford, Columbia, London (Business or Economics), Univ of Chicago, and a handful of places with brand name recognition.

For most other persons, they get an MBA while working full-time, to later parlay that experience into a management career. What happens, more often than not, is that their friends recruit one another between companies and thus, it's more a clubhouse effect than anything else.

For past few decades, during downturns, B-school grads have been facing difficulties in getting recruited, if they weren't cherry picked by an associate at a Lazard or some other exclusionary firm. This had also occurred during the '92 and '02 recessions. During these times, it's probably best to hide the MBA, and try to find a job as an individual contributor.

2   zzyzzx (8/8 = 100% civil)   2013 Jan 7, 10:56am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

Hasn't there been a glut of MBA's for decades? Not just since 2000-2001???

3   raindoctor   2013 Jan 7, 11:02am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Maybe, we need robots or automation tools to get rid of management consulting and investment banking. Any progress on these fronts, Rin?

4   New Renter   2013 Jan 7, 1:40pm  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

raindoctor says

Maybe, we need robots or automation tools to get rid of management consulting and investment banking. Any progress on these fronts, Rin?

Yes, something like this:

5   Rin (6/6 = 100% civil)   2013 Jan 7, 11:26pm  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

raindoctor says

rid of management consulting and investment banking. Any progress on these fronts, Rin?

MCs are a fashion statement; so as long as managers are afraid of accountability, they'll always be there. Kinda like expired flea collars for a dog ... as long as someone sees the collar, the assumption is that the due diligence was done.

The tag line is :

"Well ... Mc_Kinky Co or Booze-BackAlley said it was a good idea. It's not my fault that it completely failed and now we're liable for millions. The market just wasn't ready for my great organization." --- Exec VP of XYZ Technology Partners

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