Freshly-minted MBAs enter a tough job market
But before we start to feel bad for these master of the universe wannabes, shouldn't we ask the question: "What skills of value did they actually learn in business school?" As we watch economy collapse as bank after bank implodes as a result of decision made by top MBAs, you have to wonder: Who wants to hire these people? Reuters reports on some of the ways that MBA programs are looking to adapt their programs to the current crisis, but it all seems like too little, too late: like pulling the salmonella-tainted peanuts a couple weeks after people start dying.
Employers have to start to wonder whether people with master's degrees in finance really possess anything of value -- and if so, why they were such a big contributor to the proliferation of bad assets that destroyed so much wealth.
It might be time to give the liberal arts majors a shot.