4 ms·
This article is bullshit. It's premised on a single piece of evidence: the decline of jobs for MBAs. Holding the decline of jobs in a recession as a sign a qual
by ig1 17y ago
This article is bullshit. It's premised on a single piece of evidence: the decline of jobs for MBAs. Holding the decline of jobs in a recession as a sign a qualification is worthless is ridiculous. The demand for engineers has gone down as well, does that mean engineering qualifications are worthless ?
Following the same logic if the demand for MBA graduates went up then it would make sense to argue that MBAs are valuable. So if we look at the early 2000s where this was true was Lucy Kellaway writing articles calling out the merits of MBAs ? - well no, it turns out Lucy Kellaway has been writing articles slagging off MBAs since the 90s.
Ms Kellaway is just using the recession to ride her hobby-horse.
We shouldn't be any less critical when reading articles that support our personal opinions than those that oppose them.
- agbell 17y agoThis article is from their speculative 'The world in 2010' publication, which attempts to forecast the coming year. That means its a bit more speculative than standard economist articles. Wall-street bailouts definitely made business less sexy on main street
- deleted 17y ago[deleted]
- siavosh 17y agofrankly it's not business that's sexy, making tons of money is. i used to work on wallstreet, and i can assure you the people there are smart enough, well connected enough, and greedy enough to find new ways to make fortunes again, in fact they already are. the bonus' at goldman sachs and scores of hedge funds this year will seem quite sexy again for those undergrads and mba students.
- christofd 17y agoHmmm... you might be right. Business people, representing capital owners in a world with increasing capital concentration, exert a lot of leverage. Leverage pays well.