So as frustrating as it may be for the college grad or the MBA, the fact of the matter is you are still going to be much better off than if you didn't have that education short term as well as long term.
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This was all but confirmed by the head of an MBA program we talked to, Yeshashvini, who explained that there are 15 or so elite MBA institutions in the country, with everyone trying to get into them.
In the last 10 or so years, MBA degrees have become like undergraduate diplomas in India.
Add in initials based on graduate education (MBA) or related field licensing (CPA) and title crowning can become quite prestigious.
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More than one-third of them like to attend conferences and lectures, while almost 30% taken part in executive MBA programs or further education classes.
But is this enough for the modern MBA student, or do you need, as the military puts it, to get out there and get your boots on the ground?
This is the second excerpt from a series of interviews I conducted with four MBA candidates who graduated, or expect to soon, with a focus on corporate social responsibility (CSR). (Read the first part here.) In this portion, the graduates discuss their different backgrounds and how they came to focus on CSR as a career choice.
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And where organisations lack the experience or the funds to hire an MBA, others are there to help the process.
The MBA has not lost its prestige or its attractiveness as a place for potential future fellow executives to network.
My next few ForbesWoman posts will highlight a different question posed by one of the MBA students either to the panelists or offline to me afterwards.
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The niche community builds its ranks primarily through word of mouth and specialized courses at elite MBA programs, with very little recruiting or publicity for the model.
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To find out, I turned to four job seekers, all of whom either graduated from MBA programs in the last two years or are scheduled to do so later this year.
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At the Tepper School of Business at Carnegie Mellon University, for example, MBA students mentor teenagers, volunteer at soup kitchens or help the elderly.
Warwick Business School, on the other hand, insists on the same rigorous academic entry criteria for all its MBA programmes, whether distance learning, full- or part-time.
An MBA cannot, and should not, replace gaining experience or natural personal ability.
If a small business or non-profit decides it could benefit from the services of an MBA they can approach MWB with their requirements.
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The MBA students identified the three key industry change drivers as such: whether or not there will be continued economic downturn, the ever-present influence of digital and continued fragmentation of media channels.
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The reliance on low interest rates to spur activity was exemplified in the weekly MBA mortgage activity indices where a challenged housing market failed to spark either purchase or refinancing activity despite a slide in borrowing cost last week.
Kaniel, Massey and Robinson also asked the MBA students in the study to identify those students in their MBA section who were the most charismatic, the most likely to become CEOs or the most optimistic--to try to see if optimistic students were optimistic because they were more personable.
Whether it's manufacturing, finance, tourism or the arts, it's increasingly likely they'll be able to find an MBA to match.
She says that more and more Fortune 500 companies are now hiring international MBA students, not for classic head office roles in the U.S. or Europe, but to run operations in their own home countries.
However, there is little reason to think many budding MBA students would have put off their studies had the survey been taken even a month or so later.
If someone were to ask which countries in the world have more women than men preparing for their MBA by taking the Graduate Management Admissions Test, you might guess the U.S. or Sweden or even Iceland.
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Howard Kaufold, vice dean of the Wharton MBA for Executives program, says a typical EMBA student would be an engineer in their late 20s or early 30s.
An important limitation of surveying MBA students at the time of graduation is that short-term annoyances such as a low grade or difficulty finding the right job can cause a few students to give the school a low rating, causing the student ratings of the school to plummet.
For many of us, overcoming our fear walking a tightrope or leaping off a 30-foot pole gave us confidence that we could do anything, including succeed on our MBA programme.
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