Quote:
Originally Posted by mad_scientist
As far as i know, we are undergoing a changeover period from our batch(2009) onwards. Consider this a financial iceage where survival is solely for the fittest. This is true for colleges as well.
When global economy booms, it creates a lot of requirements and there's a mad frenzy for qualified ppl. This is what has been going on for the past 5-7 years. Things are going to change now. Recruiters are going to be much more picky when it comes to hiring managers. Hence, i dont think last year salary figures, or even past few years figures should play a role in deciding which college to go for. Same thing goes for the list of recruiters as well.
I guess we also should do what recruiters would do, scrutinize. Analyze the college not in terms of their past performance but what kind of accreditation and collaborations they have, what are the courses offered, which specialization is the college known for (if any), faculty profile, the whole nine yards. After all, an MBA is not (only) about recruitment, its about knowledge, building a mindset and that sort of thing.
I cant speak for everypuy here but for me this is the biggest investment in my life. So if im selling all my essential organs to get into a college, it better be damn good...
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Dude, you need some organs left for getting through those excruciating 1-2 years of college rigour (just kidding
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Well to take the thought further. More than just the whole 9 yards that you mentioned to select a college. A more thorough introspection is needed if placement is a concern here. I would have agreed to that whole 9 yard theory in case of selection of college A vs College B or College C.
But i believe if concern is of placement, even the Harvards or LSB's or IIM's of the world will have a tough time to place people next year or a year later. When i say tough time, i necessarily don't mean there will be crisis, but the kinds of job profiles and fat salaries that these institutions used to enjoy will hard to come by in coming 2 years.
My perspective on job placement is that - One's decision should be based on studying the macro-economical picture of world economy first and then a study of emerging economic indicators locally (the market that you are gonna concentrate post MBA).
Looking at the current grim picture of the whole economy :-x, i.e Eurozone in recession, North American at the verge of recession and contracting of Asian economies, it will be more a matter of survival for Businesses rather than expanding operations. Its gonna be a year or two of consolidation, and as you said, its gonna be a survival of the fittest. A contraction of Eurozone and North America, will have a grave impact not only on the world economy as a whole but also a dampner for a couple of placement seasons coming up.
What one needs to understand and focus is what industry or functional area post MBA you are looking to switch to, or are going to further continue, and study the growth of that industry, and functional within that to be able to not only get a good job prospect , but also that if its gonna be sustainable (for example analyst jobs at wallstreets will be hard to come by, same with I-banking majors will have hard time). Which essentially means lot of Financial folks will switch functions and industry and will provide tough competition to other functions and industries, this needs to be taken into consideration which selecting your function and industry too !!
The above questions needs to be answered first, and then worry about selection of a College which can meet your demand and also give you right skills to succeed.
A change is coming the way the D-streets and Wallstreets of the world are gonna operate, and a new World Economy Order is emerging.
My Bet is among the Asian economies, its gonna be survival of the fittest, North America and Eurozone will need to shed a lot of blood to come back to its prime form back, but i bet my money on India, which i believe will emerge as one of the leaders in the upcoming new Economic World Order, due to its sound Macro Economic indications which are emerging right now.
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