“When you interview recent MBA graduates about the highlights of their two years, you are very likely to hear about their experience doing case work in the field. They loved the social aspects of school and were inspired by their professors, but it is often the work they did practicing what they learned in the real world where they gained the most.”
- Aaron Hurst, President and Founder, Taproot Foundation
I am one of those MBA graduates Aaron Hurst is talking about. Experiential learning is a topic near and dear to me and one I’ve visited on this blog many times before (post links 1, 2, 3, 4, and 5). The HuffPost article I quoted above is a tad thin, but the sentiment is well-received.
Pedagogically, I know for certain that experiential learning initiatives can pack a semester’s worth of education into a couple of … Read full post
I left business school with an MBA, focused inspiration, and a business plan meant to harness it. After the Waxman-Markey bill passed through the House, I anticipated impending emissions regulations and the formalization of a domestic commodities market that would help put US businesses on a path of accelerated reduction, heightened efficiency, and increased global competitiveness. Just how a regulated carbon market would look and operate on US soil was open for speculation, but the winds finally seemed to be shifting toward a future that used market forces to reign in carbon dioxide and carbon dioxide equivalent emissions rather than a system that left it to the clearly failing Invisible Hand.
In the end, I was short on three critical resources every entrepreneur must have to succeed: timing, team, and money. Although my effort was a failure, aspects of my plan still excite me. One was the clientele I … Read full post
Life is not all about money. Money helps, no doubt about it, but chasing a paycheck is a hollow existence that someday catches up with everybody. Well, most people anyway. In fact, some research shows that increasing extrinsic rewards (e.g., monetary compensation) will actually decrease the intrinsic reward one derives from work they truly like. It turns out, counter-intuitively, money can actually make you hate a job you used to like, or at least breed indifference to it.
Still, those of us that do the work required to take the GMAT, complete lengthy applications, go to graduate school and earn an MBA degree expect to be compensated for not only the significant sacrifice such laurels require, but also what that piece of parchment is supposed to stand for: a high degree of professionalism, competence, work ethic, leadership, intelligence, dedication, and aptitude for success. This is not about an irrational … Read full post
No one can deny that Steve Jobs changed everything. His vision and leadership of Apple, Inc. shifted the course of history and the future that precedes it. While Jobs’ success at the helm of this lauded tech company cannot be understated, he did have certain idiosyncrasies and character traits that some may have wanted to change. For example, APPL investors would have liked a few more conversation with him over the years; something Steve Jobs was notoriously uninterested in. This lack of accessibility, however, is not a trademark of Jobs’ successor, Tim Cook.
As described in a recent Fortune article, Mr. Cook is continuing one of his past duties as COO—that of being an ear and voice to high value investors—on into his current role as CEO of the staggeringly wealthy tech company. Accessibility is just one of the colors within the new picture more clearly emerging as Cook … Read full post
By: Mona Abdel-Halim
If you’ve considered working in another country, now might not be a bad time to do so, particularly with today’s job market still looking dismal for young professionals. In fact, over the past five years or so, the rate at which Americans are leaving the U.S. has risen sharply. The number of expatriate Americans in 2011 was around 4 million, and the number continues to rise.
Plus, these opportunities to experience new cultures and gain unique work experience will certainly set you apart from your peers in the future.
Check out these reasons to consider heading overseas for your career:
New career opportunities. Whether you currently have a job or are searching for something new, heading overseas is a great way to open up new doors for your professional life. For instance, if you’re already employed, it’s possible that you’ll meet new people within your current organization … Read full post
I don’t read Forbes magazine with any regularity. If there is a copy in the dentist’s office, then I might pick it up and look at the cover, but will rarely be enticed to actually open it and read an article. However, as is becoming ever more apparent, the age of print media is ceding tremendous ground to its virtual counterparts. As proof, I come across an interesting Forbes article online with some notable frequency. Here’s the latest eye catcher:
“The MBA Megabucks CEOs” has a title I just couldn’t pass up. Maybe it was the timing—GMACs’ 2012 Alumni Perspectives Survey Report was recently released and in it we learned a couple things about remuneration trends with MBA degree holders. Anyway, it reads almost like an article out of People; full of straw-man evidence and blanket statements that get folks comparing themselves to others in useless ways. … Read full post
“I want to see MBAs who can jump in and make decisions, not jump in and learn to make decisions.”
– Henry Kravis, co-founder, Kohlberg Kravis Roberts
If you haven’t already, at some point during your MBA you’ll catch wind of the case study controversy. Well, controversy might be a tad hyperbolic, but there is definitely a strong contingent that derides their use and usefulness in training effective managers. Columbia Business School entered the fray in 2008, not to add more verbal fuel to the fire, but rather offer an actual solution, or, at minimum, an alternative.
Led by Columbia’s dean, R. Glenn Hubbard, the institution devised an approach which utilizes a “decision brief” rather than the traditional case study. Unlike a case study, decision briefs provide limited information from which students must make a decision. Only after their decision is made do students receive the rest of … Read full post
In a recent post, I brought you some welcome news about the 2012 job outlook for MBA hires. Well, good news is a wonderful thing in such an economic climate and WSJ’s MarketWatch threw together some interesting bullet points from GMAC’s report you might want to peruse.
With 2011 behind us and so many of you clamoring to get the GMAT out of the way before the test change in June 2012, it’s sometimes hard to lift up our heads and have a look at what happens after this whole grad school thing is over. Well, now is a good time to do just that ‘cause it sure looks like roses…. Read full post
Business school applications are downand have been for awhile. The speculation as to why centers on ROI and the fear that after two-plus years and an exorbitant amount of money in tuition fees as well as possible lost wages, people don’t want to have a freshly-minted MBA no one cares about. However, in a 2011 year-end poll compiled and published by GMAC (and written up in Business Week), the job market outlook for MBAs in 2012 is very promising.
Some of the heartening data from the recruiters’ survey includes a 16% increase in companies planning to hire MBAs (up from 58% in 2011 to 74% in 2012). Further, not only are more companies planning to hire, but also they intend to hire at similar or increased levels than in 2011. Another welcome bit of news for those interested in the return on their investment is 32% of companies plan … Read full post
This is an interesting WSJ editorial. In a state of officially declared 9% domestic unemployment and others stating it’s more like 16-22% in real terms (including those who are underemployed and/or not otherwise measured through formal channels), it is hard to believe that more than half of US companies report difficulties in filling open positions. How can that be? With so many out of work, one would assume that the only employment trouble besetting US companies would be creating open positions. Heck, isn’t that what all the partisan bickering is about?
It has been said that our schools are under-preparing our workforce. But, the author of “Why companies aren’t getting the employees they need?” blames, well, the companies. Peter Capelli posits that it is the inflexibility of companies to accept anything less than a mythic “perfect fit” on top of those organizations’ unwillingness to train people as the true causes … Read full post