Ride Out The Recession With An MBA Degree
December, 11 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
A recent survey finds that many executives are planning to cut their budgets in the coming months due to negative expectations about the economy in the short-term.
This week, the Wall Street Journal cited two separate polls showing that the nation's business leaders are pessimistic about the coming year's economic prospects.
In one survey, 60 percent of CFOs said that they don't expect the economy to rebound until the fourth quarter of 2009, and 40 percent believed a recovery was more likely in 2010. Duke finance professor John Graham told the newspaper that is the lowest level of executive confidence he has seen in the 12-year history of the poll.
The second survey found that 81 percent of human resource and finance professionals expect their companies to have a weaker business performance in 2009, with a third saying they expect "significant workforce reductions" and more expect spending cuts in general.
In such an economy, many professionals have been enrolling in MBA programs to acquire important new skills and to get an advantage in what is expected to be an increasingly competitive business environment.
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Related Article Topics: Management | Finance
