MBA Graduates Could Be Walking Into A Better Market
January 29, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
MBA students may be walking into a more stable economy upon graduation as the recession is appearing to heal.
The United States economy did its best to repair itself during the fourth quarter of 2009, growing at the fastest pace it has in the past six years, according to The New York Times. The gross domestic product expanded 5.7 percent in the fourth quarter, which was beyond analysts' expectations.
Businesses also decreased inventories by $33.5 billion. Although this number may seem large, the third quarter saw a decreased inventory of $139.2 billion and $160.2 billion for the second quarter. Analysts believe that these findings will help the job market get back on its feet, prompting the recession to end.
"Businesses that are spending more on equipment and software are probably going to be hiring more as well," said Nigel Gault, chief United States economist for IHS Global Insight. "If we see more hiring, that means we may see more consumer spending, too."
An MBA program could help an individual get ahead in the tight job market, as they will have more qualifications to suit the job.
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Related Article Topics: Business News
