Financial Crisis Leads To Reflection At Business Schools
March 20, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
The current financial meltdown has prompted many MBA students, as well as business schools, to re-evaluate their priorities and examine their work.
According to a recent report by the BBC, most business schools are not dramatically changing their courses or other offerings in light of an economic climate that has more than once seen suggestions that MBA graduates were a big part of the problem.
However, many schools dismiss such talk. "We believe that the business essentials that we teach aren't going to alter even in these times," Jane Trombley of Columbia Business School told the newspaper.
On the other side of the ocean, Sir Andrew Likierman of the London Business School was quoted as saying that consumers, banks and governments also bear their fair share of blame for the current economic mess.
The recession has led many students to pursue alternative paths in part because there are simply fewer Wall Street and finance jobs out there to begin with. Nonprofit organizations have been growing especially popular among MBA graduates because they offer career satisfaction as well as a steady paycheck during the recession.
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Related Article Topics: Business News
