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View Full Version : Interesting !!!



singhkapoor
April 9th, 2005, 05:15 PM
This news article from Business Week makes an interesting reading for all MBA aspirants; more so for students eyeing American B. Schools and hoping to work in the US thereafter. The facts presented in the article may not hold water in the Indian business-education scenario, where things are looking up.

Excerpts:
“Over the past five years or so, many nameplate companies that had previously heavily recruited MBAs have altered their hiring mix. Large consulting firms such as McKinsey & Co. are ratcheting down the percentage of new MBA hires and adding more undergrads and industry professionals. Goldman went from hiring about 25% undergrads and 75% MBAs for each year's group of hires to exactly the opposite since 2000.”

“What's more, to cope with sliding interest, some schools have gone so far as to quietly reduce the number of students they enroll each year, BusinessWeek has learned. Carnegie Mellon University's Tepper School of Business has cut its class size from 240 students to a target of 160. Vanderbilt University's Owen School of Management dropped from 220 to 180 students per class. Other schools have done the same.”

“Having piled up all that debt, MBAs want to count on a healthy premium in their post-degree salaries. But these days there's no guarantee. Salaries have barely budged in the past six years. After shooting up from $77,800 in 1998 to about $84,250 in 2000, they have been fairly flat, with average base pay for 2004 grads ringing in at $84,030.”

To read in full, please go to

http://www.businessweek.com/bwdaily/dnflash/apr2005/nf2005047_8428_db016.htm

Best Wishes