MBAs In Down Economy Hire Themselves To Start A Business
May 01, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
With an unappealing job market facing them, many MBA graduates are forsaking Wall Street banks in order to launch businesses of their own, according to a report in USA Today.
"We have seen an increase in students wanting to take the entrepreneurial route," Roxanne Hori, director of career management at Kellogg School of Management at Northwestern University tells the news source. "More students have come forward and said, 'I think I'm going to start my own thing.'"
The article gives the example of two students, Tiffany Urrechaga and Pavan Singh, who have decided to launch an English-teaching company aimed at servicing rural India.
Another, Thomas Campbell, has launched a real estate development company. He tells USA Today that a downturn is the perfect time to try a new business, because if you start a business at a peak, you are only bound to fail.
The article says that in the past, most MBAs who started businesses did so 5-10 years after graduating, but more are starting right now due to the economy.
An MBA degree can give you the tools to carve out your own job from a difficult economic landscape. If that kind of approach appeals to you, perhaps it is time to consider looking into an MBA program.
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Related Article Topics: Business News
