Mar 14, 2010

MBA in trouble

Financial crisis seems to be reaching the professors after all!The applications for business schools have gone down a whopping 50% as a result of difficult to get education loans and a slump in the job market.With many experienced investment workers on the street the going is tough for business schools who rely on student fee as a major source of revenues.So far the business teachers were well payed and had a job security unseen any where else.
The campus interviews have taken a nose dive with very few placements.For students the placements are a major draw when they fork out thousands of dollars for the schools.Even the Business school teachers are at a loss of words when asked about when the situation might improve.Majority of the students in US business schools come from Asia mainly from India.This year students are taking it easy.
Robert kinesis a MBA school aspirant says that his confidence in business studies has gone down as he says even after spending thousand of dollars these so called financial engineers cannot understand the head or tail of finance.Others argue that business cannot be learned in school.It comes from the spirit of entrepreneurship and leadership with which one is born.Bill Gates or Warren buffets are not MBA’s and so are 90% of business leaders.

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