Dear all,
Managers Not MBAs: Debating the Merits of Business Education...This concern or active debate has been going on in the last decade and this Video debate is a mind expanding exercise.
Please see : http://video.mit.edu/watch/managers-not-mbas-debating-the-merits-of-business-education-9966/
Most MBAs aren't worth the paper they're printed on, suggests Henry Mintzberg. "Management is where art and craft and science meet," and most MBA programs are simply "training in analytical skills for analytical jobs ' like investment banking and consulting." Whatever you do, don't confuse an MBA with a license to manage. "If people want to be managers, there's a better route to it: get into an industry, know it, prove yourself, get promoted into a managerial position and then, go to a program that uses managerial experience explicitly not other people's cases, but your own experience." Ricardo Semler proposes that the jury is still out on whether management constitutes a science,...etc
Enjoy the content even though many may not like the content for obvious reasons.
Have a beautiful Sunday.
Best,
Patrick de. Souza
On Sunday, November 24, 2013, sudindra vr wrote:
----The Job Market for MBAs is About to Take a Hit
f you're graduating from business school this spring, you might want to be sitting down for this: the job market for recent MBA graduates looks poised to get a lot worse in 2014. That's based on an annual survey conducted by Michigan State University, released yesterday. Though not random, it samples nearly 6,100 employers who recruit across 300 U.S. colleges and universities, asking about their anticipated hiring in the coming year, as compared to their actual hiring this year. The news is positive for those about to graduate from college, but potentially distressing for soon-to-be MBAs.First the good news: Hiring of college graduates is expected to increase three percent in 2014, with some sectors doing even better than that."Strong demand for accounting, marketing, computer science, engineering, human resources, public relations, and the inclusive 'all majors' group will increase hiring for Bachelor's degrees by seven percent," writes lead economist Phil Gardner. The overall number would be even higher, in double digits, except that the normally robust financial services sector seems to have lost its appetite for hiring. Which brings us to MBAs:The market for new MBAs has been hit hard. Since January, finance institutions have been shedding jobs by the thousands and curtailing hiring targets for new graduates. The federal government also expects to hire far fewer MBAs this academic year. Professional and scientific services, mining and oil, and manufacturing do not expect to change their hiring levels. The total contraction in the market for new MBAs will approach 25 percent.The decline in government hiring is attributed to sequestration, the shutdown, and debt limit "brinkmanship." As for finance, the survey cites news reports which attribute the sector's contraction to a variety of factors, including a slump in the mortgage refinancing industry.The report notes that some employers, concerned over economic uncertainty, planned to replace MBA hires with Bachelor's candidates to cut costs.The news comes as the number of newly minted MBAs continues to increase, as noted by the report. While graduates of top programs will likely be fine, Gardner cautions that "MBAs with little professional experience may have more difficulty landing a job commensurate with their education."Sudindra V R919900581637
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