Oh Happy Day!

Clear Admit Blog comes in with some good news about the value of an MBA.

“The recently released 2009 GMAC Corporate Recruiters Survey revealed that recruiters expect to hire an average of six new MBAs in 2009, down from 12 last year, and that the number of firms planning to hire MBAs this year declined 9 percent compared with 2008. But when they do hire MBAs, recruiters reported they plan to pay them nearly twice as much as college grads and higher average starting salaries than people with other graduate management degrees, such as a master’s in finance.”

Not all good news, as the number of MBAs being hired is down, but it seems that firms are still valuing the MBA pretty highly. I can say that this is a pretty big factor in why I am pursuing an MBA (not the pay, but the value of it). Looking at the broader picture of the world economy, especially finance, sees the world becoming smaller in terms of globalization, which makes the workplace more competitive. Having an advanced degree will become like going to college for people in the future because it will be another way to differentiate yourself from an ever expanding workforce. The best jobs in America will always go to the highest skilled laborers, because most of the lesser jobs will be outsourced. It will be the high-end technical jobs that are kept here because the drop-off in quality is distinguishable when you are that high in the workplace. Just my two cents…nice little pick me up on an excruciatingly slow Thursday (Shouldn’t it be Friday already?)

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