I've noted that I did quite well financially by getting an MBA. Well, it looks like a good thing is getting even better. Career Journal reports that there's growing demand for MBA grads and you know what that means -- salaries are going up. The details:
With demand growing for M.B.A. graduates, it is a seller's market out there, making it tough for many companies to meet hiring quotas using old tried-and-true recruiting methods. At a time when career opportunities are so plentiful that students can afford to turn down even six-figure offers from investment banks, it is especially difficult for traditional manufacturers to make an impression.
So to improve their odds, recruiters are visiting business schools earlier and more often, raising starting salaries and touting their company's dedication to work-family balance.
Raising salaries and work-family balance? Woo hoo! It's the good life for those who have the right skills and went to the right schools!!!! ;-)
For me, the $5,000 investment (plus lots of hard work and two years of my life) in an MBA has been a gold mine. It's allowed me to earn a great income as well as work for some of the best companies in the world (and be fulfilled while doing so.) If I were to go back and be able to do it all again, I certainly would.
That said, I still think that an MBA only gets you your first (and maybe second) job. After that, it becomes less and less important and real-world experience becomes more and more important.
It's interesting that you just posted this. Here is an article by Penelope Trunk posted just earlier today on how MBAs are becoming obsolete.
http://blog.penelopetrunk.com/2007/10/04/yahoo-column-are-mbas-becoming-obsolete/
Although she is an entrepreneur, so the MBA title means less to her.
Posted by: Jeff | October 04, 2007 at 05:24 PM