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B-schools rebound from an identity crisis
One little-known aftershock of the corporate scandals that began with Enron was an M.B.A. backlash. At a time when companies were scrutinizing every penny they spent, they also questioned the value of advanced business degrees, once seen as a ticket to the fast track in the business world. The scandals were the tipping point, says Joel Podolny, dean of the Yale School of Management. Afterward, as companies began to hire fewer M.B.A.s at lower pay scales, applications to business schools worldwide fell dramatically, by 20 percent between 2002 and 2005. The result was an industrywide identity crisis, which had insiders questioning every aspect of their schools and reaching a brutal verdict: they had flunked Business 101, failing to keep up with change or to respond to consumer demands.
Now theres a sense that the worst is past. After a bout of internal reform that saw, for example, the Yale School of Management unveil an entirely new curriculum last year, the numbers are back up. In the United States, B-school applications and enrollments are rising again, according to an industry survey released this month. Worldwide, corporate demand for new M.B.A.s has risen healthily this year (by 24 percent) for the first time since 2002. So have the salaries paid to newly hired M.B.A.s, which have increased by an average 7.5 percent, according to a survey by TopMBA.com of 445 companies, also released this month. Its been a very strong recovery, with particularly high demand in consulting and financial services, says Nunzio Quacquarelli, editor of TopMBA.com.
More : msnbc.msn.com
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Business Schools Expand Programs In a Dicey Market
Applications to full-time M.B.A. programs have been in a free fall the past few years, forcing some business schools to slash their class size. Surely, in this market, no dean in his right mind would launch a full-time masters degree program in business administration.
Think again. At least four schools in major U.S. cities are doing just that. Georgia State University, the University of Houston, the University of San Diego and the University of California, San Diego, have all created full-time programs in the past year.
They might seem to be ignoring the basic
The US sub-prime lending crisis may have a ripple effect on the recruitment season at Indias top-notch B-school campuses. The investment banking domain (banking financial services and insurance), which is one of the biggest recruiters may not be the ruling flavour at campuses this spring.
According to sources, some students who worked extensively on mortgage desks in international investment banks have not been lucky enough to bag pre-placement offers (PPOs). However, the Indian Institute of Management and other B-Schools do not agree that the PPOs have seen any such impact.
Says Professor Sourav Mukherji, chairperson placement at IIM Bangalore, As
The corporate world is undergoing a crisis in ethics and values and educational institutions alone can arrest further deterioration, said Dr Karan Singh, MP, while inaugurating the three-day 14th Annual Management Education Convention of the Association of Indian Management Schools (AIMS). Aspiring managers need a dose of values along with the regular curriculum fare, he said. Mr Vishnukant Shastri, Governor, UP, called upon academicians to go back to India's ancient scriptures and include lessons from ancient texts in management education. Fr E Abraham SJ, director of Xavier Institute Of Management, Bhubaneswar, who has been appointed president of AIMS, said,''The need
B-schools just teach 'theory'
In today's rapidly changing global economy, upper management in most companies are becoming increasingly dependent on junior managers to take "complete ownership" in their areas of activity.
In fact, asking them to function more or less as entrepreneurs themselves! That can be exciting. But are most of our MBA graduates ready?
A tremendous amount of learning happens both inside and outside the classroom. While the breadth of material covered does not leave room for as much depth, the degree definitely leaves the graduating student confident of the theoretical exposure that he has acquired, coupled with the urge to try
U.S. mortgage applications jump in latest week-MBA
Applications for U.S. home mortgages rose to their highest levels in over a year last week as home purchases and loan refinancings continued to rebound, an industry group said on Wednesday.
The seasonally adjusted index of total mortgage applications jumped 11.4 percent in the week ended Dec. 8 to 721.2, the highest level since October 2005, following a recent drop in borrowing costs, according to the Mortgage Bankers Association.
The four-week moving average for the applications index rose by 2.9 percent to 647.9, the MBA said.
Long-term, 30-year fixed mortgage rates that influence most home loans averaged
Ranchi, Jan. 20: Vice-Chancellor of the universities of Jharkhand, Chhattisgarh and Orissa - which have dominated tribal country where the majority of industrial investments are available - have begun the process of developing a platform in the context of changes recent developments in the region.
"The idea is to work actively to support universities in the process of dialogue ever to generate knowledge on changing conditions and part of a deliberate policy of science, policy makers and large municipalities" , Said the director of Mumbai-based Tata Institute of Social Sciences, p. Parasuraman.
TISS organizes the day two rectors "meet" tribe in matters
India was now in a better position to mitigate the effects of the war in Iraq compared to the Gulf War, following the recent oil reserves sufficient and healthy exchange rate, although the prolonged crisis over six weeks, Dr Vijay Kelkar, adviser to the Union Finance and Foreign Company, said here today.
Delivering 25 Annual Meeting of the convening of the India School of Mines (ISM), Dhanbad, Kelkar felt the need of seeking collective agreements with groups of traditionally friendly countries, including oil product.
He praised the centre of political decision for the creation of strategic oil reserves and optimize the terms
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