Think that an MBA degree would help your career? Think again.
The MBA is of greatest use as a competitive edge for entry-level
jobs. Experienced professionals who interrupt their careers to
obtain one may be unable to match previous earning levels. Young
MBAs are also finding jobs hard to obtain, and many from the top
schools are having to take jobs at small companies and start-ups.
[The good news is that small companies may be better managed!]
Recruiters still tour the major universities, but they may be
seeking half as many candidates as before the recession. One
factor is that the supply of MBAs has greatly increased: 21,400
were awarded in 1979; 75,000 last year. Over 700 business schools
in the U.S. now pump out three MBAs for every available position,
according to the American Council on Education. [Diane E. Lewis,
Boston Globe. From the San Jose Mercury, 5/26.]
On the other hand, MBAs or company-trained equivalents are in
great demand throughout the Asian world. Economic growth has been
so explosive that companies are exceeding the supply of managerial
talent. Many large companies wish to move from autocratic
management styles to Western participatory styles, but there
aren't enough university-trained managers to make it work.
Western managers have been filling many of the top slots, but
short tours of duty may affect their decisions. Asian companies
would rather build local expertise, but must first revamp and
expand the local business schools. [Fortune, 6/3/91.]