Sunday, March 27, 2011

MBA Graduates Have Increased Job Recruitment Opportunities

By Michelle Conner

Master's level business degree programs once seen as prestigious have since been a target for improvement. They're referred to as MBAs and by 2009, when the BBC published an article about them, students who had invested in these advanced business degree programs had started questioning whether they would be able to find a job, the article noted. More recently, colleges and universities have reported more positive expectations with regard to workplace opportunities for students in their Master's level business degree programs.

There are some, however, who say that business education might have gone from cutting edge to conventional, according to an article in the Harvard Review. The article, which looked at a book entitled, "Rethinking the MBA: Business Education at the Crossroads," suggested that, as the business environment becomes increasingly global, students pursuing business degrees at the Master's level might not be gaining important skills, knowledge and perspective - leadership, creative and critical thinking skills, for example, and cultural knowledge and perspectives.

"Rethinking the MBA" was written by David Garvin, Srikant M. Datar and Patrick Cullen, who based its contents on a three-year study. In Tampa, Fla., in March, Datar and Garvin are expected to be a part of a symposium that might help college and university leaders reshape their Master's level business degree programs, in part by looking at what other institutions already have accomplished towards this end. A good way to gain more knowledge of this field is to search for it online and while you're at it, you'd be wise to look up course online before making any decisions.

An Association to Advance Collegiate Schools of Business International assistant president of knowledge and service integration, Cullen has been working with Garvin and Datar on developing services for business schools. These services, the association's website notes, would be designed to help the institution's redesign their Master's level business degree programs. "Rethinking the MBA" includes examples of colleges and universities that already have begun making changes to their leading MBA level programs.

An article in the New York Times in 2009 noted that a business degree at the Master's level remains coveted on Wall Street, with nearly half of all graduates from the top business schools going on to work in the world of finance. The Times, along with the BBC, however, report that many also say that business schools are part of the problem with regard to the international economic crisis rather than part of the solution.

As the BBC report tells it, students participating in a Master's business degree program at one institution in the United Kingdom pay 45,500, which is $72,231 US. Students working toward graduate business degrees at American colleges and universities might even expect to pay more, the article noted. Some wonder whether the programs provide students with enough of an understanding of real world issues, however, according to what the New York Times article suggested. Taking the time to research course online and the many programs that are available can help to make college more affordable.

Businesses at the time when the New York Times article was published had gotten to the point where they were offering their own training, the article noted. Educators interested in keeping their MBA degree programs competitive and relevant might learn at the Association to Advance Collegiate Schools of Business International symposium in March how they might make changes similar to those that other institutions have already begun accomplishing.

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