MBA applications always go up during a bad economy. That is because
business school generally attracts people who are lost, and more people
who feel more lost when the bad job market is lousy.
But let’s be clear: This is not the type of recession where there are no jobs for young people. This is a recession where there are no GOOD jobs. McDonald’s is hiring in management. There is a bank teller shortage and a shortage of actuaries. There is a shortage of insurance agents. It’s just that people don’t grow up dreaming of these jobs. So they don’t take them. Instead, people who are early in their career - in that time when an MBA sounds like it might work - those people are determined to have only a good job. And if they can’t have that, they get an MBA.
To read the full, original article click on this link: Why an MBA Is a Waste of Time and Money | BNET
Author: Penelope Trunk
