The article “The New School: how a poor job market is affecting how business schools” taken from www.blackenterprise.com discusses how some fresh graduate students chose to complete an MBA degree right after they graduate.
The article mentions that a main reason for students to complete their studies is due to the lack of jobs in the market. Furthermore, it is mentions that employers always wonder “Even if the applicant has an M.B.A., does the job seeker really have the aptitude to do well in the job?” This is a very logical question for an employer to think about. In such an economy with high competition an employer has to ensure that their new graduates (considered as a company resource) can obtain several advantages that are mentioned in Barney’s article which are:
1- Are they of value to the company?
2- Are they a rare resource?
3- Can this resource help the firm’s organization to exploit the full competitive potential?
A company can not ensure that those graduates would have give the company those advantages just because they have obtained their MBA degree having no work experience.
Moreover, the article has states “To effectively compete for students, many business schools have had to adjust and enhance their programs to better prepare graduates for the competitive work environment they now face.” For example, Associate Dean Bill Lawler, Ph.D of Babson College's F. W. Olin Graduate School of Business F. W. Olin Graduate School of Business in Babson Park explains “we've made arrangements with certain companies to enable our students to go right into their industry as a part of their first-year curriculum. This strategy ensures that [students] receive a hands-on approach to learning."
Additionally, other graduate business schools such as Babson have implemented in-house M.B.A. programs for employees of and have developed distance-based programs. Finally, Wake Forest University's Babcock Graduate School of Management has taken M.B.A. training one step further. "All about Business is a collaboration between Wake Forest's graduate business school (Babcock) and undergraduate business school (the Calloway School of Business)”. Their system exposes its students to the basics of business, including accounting, marketing, operations, strategy, finance, and the management of information systems. All those developments to the MBA program were to improve the program in order to better prepare its students to the real work world and make them a better match for their employers in the market.
Now I believe that the best way is after graduating train them for work experience and mean while let them get their MBA as this will help them also after getting this certification while they are working to gain two goals in one time. Which can be a good resource to help the firm’s to be prepared to grow more.
The article mentions that a main reason for students to complete their studies is due to the lack of jobs in the market. Furthermore, it is mentions that employers always wonder “Even if the applicant has an M.B.A., does the job seeker really have the aptitude to do well in the job?” This is a very logical question for an employer to think about. In such an economy with high competition an employer has to ensure that their new graduates (considered as a company resource) can obtain several advantages that are mentioned in Barney’s article which are:
1- Are they of value to the company?
2- Are they a rare resource?
3- Can this resource help the firm’s organization to exploit the full competitive potential?
A company can not ensure that those graduates would have give the company those advantages just because they have obtained their MBA degree having no work experience.
Moreover, the article has states “To effectively compete for students, many business schools have had to adjust and enhance their programs to better prepare graduates for the competitive work environment they now face.” For example, Associate Dean Bill Lawler, Ph.D of Babson College's F. W. Olin Graduate School of Business F. W. Olin Graduate School of Business in Babson Park explains “we've made arrangements with certain companies to enable our students to go right into their industry as a part of their first-year curriculum. This strategy ensures that [students] receive a hands-on approach to learning."
Additionally, other graduate business schools such as Babson have implemented in-house M.B.A. programs for employees of and have developed distance-based programs. Finally, Wake Forest University's Babcock Graduate School of Management has taken M.B.A. training one step further. "All about Business is a collaboration between Wake Forest's graduate business school (Babcock) and undergraduate business school (the Calloway School of Business)”. Their system exposes its students to the basics of business, including accounting, marketing, operations, strategy, finance, and the management of information systems. All those developments to the MBA program were to improve the program in order to better prepare its students to the real work world and make them a better match for their employers in the market.
Now I believe that the best way is after graduating train them for work experience and mean while let them get their MBA as this will help them also after getting this certification while they are working to gain two goals in one time. Which can be a good resource to help the firm’s to be prepared to grow more.
posted by Remora at 1:43 AM
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