An MBA in Recession time: Does it make sense?

s_280453 said:
Recession is good time to do MBA and rethink your career strategies !
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Actually recruiters in Silicon Valley are saying an MBA is a waste of time as they are becoming a dime a dozen and very few of them actually know how to *do* anything that impacts the bottom line except juggle figures.

From what I see, there are ten times the number of jobs for Project Managers than ones that require an MBA, even in financial institutions.

So get your PMP certification and do your MBA via the net. There are a number of good schools that offer it such as Heriot (something) in Scotland that you can do totally on the net and costs about a 1/3rd what in class costs.

Nomi
 
It really depends on the extent of recession. If the recession stays for longer and then after 2 years the returns do not come, then the fee is too high a stake.
 
anubhutiv said:
It really depends on the extent of recession. If the recession stays for longer and then after 2 years the returns do not come, then the fee is too high a stake.
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hey.thanks for ur opinion.its been seen dat often countries take more 2 years to recover from recession.so according to u mean while ppl shouldnt do mba??? do post ur comment on it.thanks.bye
 
The recession will be a prolonged one for America as their external and internal debts are really high. Even if this is brought under control, there are no real jobs in the US today. An American MBA is still a sought after degree, anywhere around the world, and in Asia Pacific, an MBA is still a must for that coveted job at the top.

While non-MBAs can argue over the actual 'requirement' and how it shouldn't be needed, it's still the staple to promotion and senior management appointments. One economic crisis doesn't change the entire picture - you need an MBA, whether it's recession or not.

This is being competitive - how are you going to differ from the rest? Since finances will limit others from an MBA (or qualifying) you should have done so too. If too many people have MBAs, then yours should be the one with the highest GPA - there is the difference. It's about being competitive.
 
well i think doing an mba now is one of the best things one can do...

btw there is a direct correlation between fall in job mkts and increase in education industry...i think i read somewhere..:SugarwareZ-216:
 
Many a case its not, but i feel basically a person attain management skill not only by bookish knowledge and many a time by experience on a particular sector.
 
well according to me, the best strategy is do job when the market is good and when the market is bad its the best time to go for studies .........
 
in response to the updoming struggles for graduates, it must serve as a warning sign that regardless of the momentary stability that any economic period may imply along with its financial benefits, the nature of complex systems is inadvertantly cyclical and prone to recession and in cases of agitated response sueptible to tipping over into an economic depression. such scenarios are a product of short sighted goal management by employees and corporates alike and can only be deflected with a proactive symbiotic understanding between educational institutions, students and employers to not value the degree or qualifications as much as the adapatation aptitude and motivational stance of the production factor i.e the employee. in each of their relationships the student, employee etc needs an enforced foundation of sound training that is not easily rendered superflous in reccessive times. the counter management and synergetic drive started by companies like google is an example of how knowledge investment pays off more than qualification investment. in short, forget the MBAs and the like and focus on core training in resource management, industrial psychology, secretarial practice etc which can then be reinforced by intensive industry apporved training internships as a part of the curicullum to solidify the practical application base.

i hope this argument gives you all some food for thought.
i apologize for the spelling mistakes as im dyslexic and too lazy to spell check.
thank you.:SugarwareZ-193::SugarwareZ-193:
 
The timing of an MBA during a recession is not all that bad. Markets are more intrinsic in nature, securities move with greater respect to fundamentals (rather than speculation). The most important fact, however, is the quality of the MBA and its gearing towards the real world.
 
well i think because of recession companies have comparatively less money to invest in skilled professional HR. They r preferring B Com more than MBA's . So yes creamy layer of MBA's jobs is now diminishing.

regards

manisha
 
Hi

I absolutely back Nomi, its very important to update yourself. And now experience matter more than you degree in hand.

Thanks
 
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