Crisis Hits the Business Schools
If anybody out there reads business week, they should have seen the recent articles on the big changes happening with the major MBA programs and business schools. Let me give a brief synopsis.
1. Applications are way way up due to the faltering economy. Competition to top programs is more competitive than its been in years. Better polish the resume and bone up on those GMAT skills (check out www.beatgmatmath.com, finished site coming soon)
2. Opportunities for second year MBA students near graduation is at its lowest point in years. At most top business schools a large number of individuals move into finance (banking/trading) and the job market has completely dried up. That means top students are looking at more positions in consulting and Fortune 500 corporations. It also means not top students are struggling to find jobs and that salaries and bonuses are much lower due to increased supply of applicants and reduced demand of positions.
3. Another list of top schools with Chicago and Harvard at the top as always. Check out the list.
Crisis Hits the Business Schools
I’d also like to note that the article talks about our generation (the Millenials) and the interesting changes business schools are making to accomodate our unique preferences and requirements, such as more online communication and interaction, customizable majors, classes in sustainability, green-tech, and social entrepreneurship, and much more advice and consults regarding our careers.
