In response to:

The Plight of the MBA Generation

jmg11 Wrote: Oct 07, 2012 1:36 AM
(1/2) There is a potential solution here. For quite a few years I have taught MBAs to focus on running their own business or at least an identifiable unit of someone else’s business. But most of the graduates I have known, educated, counseled, and promoted, went to work for someone else or – worse, according to me – stayed in their current jobs. I give a little harangue in the capstone course about how you should be looking to lead your own business; we designed the degree program to give you the basic knowledge to run something. But most of them don’t do it. They just won’t get off that stable salary and take the risk of betting on themselves.
jmg11 Wrote: Oct 07, 2012 1:39 AM
(2/2)
I told my current group that things will turn around when the Little Boy President is forcibly evicted from the premises. Then they can take part in a nice growth wave. Still, I doubt I whether I have more than 1-2 entrepreneurs out of 39 who are going to graduate in December. I have a few unemployed housewives who have no idea what they are going to do with the degree. I am glad that they want to learn, but surprised at the situation.

‘Tis a puzzlement.
Greg1084 Wrote: Oct 07, 2012 8:57 AM
The university I work for saw a drop of about twenty percent in applications for MBA's this year. I think it will get worse.
Dead Right Wrote: Oct 07, 2012 3:53 PM
JMG. Thank you for your kind service. People often need encouragement and impetus to take risks and bet on themselves. I asked a financial advisor how to invest best. He told me to invest in myself first. This was a relief as I have lousy investing skills but have many technical and people skills.

During the first-ever Federal Reserve press conference, Fed chair Ben Bernanke said the number of jobs in America was still 7 million behind the number of people employed when the recession began. When asked whether the Fed could do anything about long-term unemployment, Bernanke said the central bank has been fighting it with an aggressive monetary policy. But he admitted his crew operating out of the Eccles Building doesn't have any tools to make the long-term unemployed employable again.

Orginally published Monday, May 02, 2011

A day later the news came that first-time unemployment claims rose to 429,000 — up from...