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: jurabilis - German bLAWg from Berlin.

MBA: Ist die Luft raus?

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Der Economist lässt kein gutes Haar an den einst so selbstbewussten MBA-Absolventen, den Glücksrittern des modernen Finanzmarktkapitalismus':
But in 2010, for the second year running, tens of thousands of overqualified MBAs will emerge with nowhere exciting to go. A very few will land jobs in investment banking, but those who want grand jobs in big companies or consultancies will be disappointed. Increasingly they will go crawling back to their old employers to do pretty much whatever they were doing before for pretty much the same money. As the efficacy of a business school is measured according to the salary one gets when one finishes, both students and employers will question whether it is really worth the $160,000 that a top MBA costs.
Na gut, sagt sich nun der Leser, dann ist das nun mal ein kleines Tal in der Bergkette des MBA-Glanzes. Indes, er wird sogleich belehrt:
This is not going to be a little recessionary dip. It will be a more fundamental reappraisal. The magical myth of the MBA has for some time left the facts behind. In future, those who stump up will do so because they want to learn the skills, not because they think they are buying entry into a cool and exclusive club.

Some good things will follow from this. There will be fewer smart Alecs who think they know it all pouring into companies. There has been a bear market in management bullshit since the credit crunch began, but so far this has been on the demand side-managers have been too intent on staying in work to talk much jargon. In 2010 the decline of the MBA will cut off the supply of bullshit at source.

Full post as published by jurabilis - German bLAWg from Berlin. on December 01, 2009 (boomark / email).

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