When it comes to getting a job after you graduate, it is interesting that there is a big disconnect between the perception of business schools and employers.
Recent surveys from Gallup and Inside Higher Ed’s 2014 suggest that almost all (ninety-six percent) university administrators, college presidents, and chief academic officers think they’re preparing new college grads for better employability and success in the workforce.
Sadly, only 16 % of employers and 11% business leaders agreed that graduates have the necessary skills and competencies to succeed in the workplace. So, why the disparity in perspectives is huge? What could be the cause for this disconnect?
But have the glory days of the various business schools passed us by? And is the top ranked MBA and executive MBA programmes even relevant today?
Does an MBA, which cover a wide range of disciplines from marketing and management to finance and accounting, guarantee you a high-paying job?
1) Senior administrators in various business schools must play a much greater role in ensuring that students are prepared with the skills, characteristics and knowledge.
2) It is no fun at all paying high five-figure debt to for your credential on a low five-figure salary.
3) Business graduate programs has become big business and for many, including the leading business schools and their professors, a lucrative business because they’re cash cows: low cost, high price.
4) Business schools require more programs in the “people skills” that are vital to managing effectively.
5) They should emphasize on the basic skills and tools needed for problem solving.
6) Provide strong grounding in theories of economics, measurement, governance, psychology, human behavior, and leadership.
7) Business schools should design curricula so that students can learn — by doing — to apply multiple disciplines on the job.
8) They should encourage students to take electives outside the traditional core curriculum and create differentiated curricula and allow students to concentrate in specific industries.
Business school and MBA Programs rankings can tell you a lot about a school’s reputation.