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  1. #1
    Kizmet is offline Moderator
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    MBA hiring to increase

    someone thinks businesses will increase their hiring of MBA grads

    http://finance.yahoo.com/news/mbas-g...110014748.html

  2. #2
    major56 is offline Registered User
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    Degree inflation; the newest baccalaureate in business administration…
    Major56
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  3. #3
    Neuhaus is offline Registered User
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    Quote Originally Posted by major56 View Post
    Degree inflation; the newest baccalaureate in business administration…
    I don't feel that student loans are forming the "bubble" that many others are predicting. But I do think that we are in a degree bubble. You need a bachelors to do pretty much every job these days. Tech schools can't actually teach tech anymore, for the most part. The other day I saw an add on a job board looking for electronics technicians. They require an A.A.S. in Electronics technology (B.S. preferred) and are starting at $11/hr . That's absurd. That's a job that likely can be done by someone with a vocational certificate (6 months - 1 year), maybe even OJT, and get right to work.

    Instead, companies like this insist on a path that will almost certainly result in being burdened with debt and having to go to school for years. All for $11/hr .

    Eventually, people are just going to stop getting the degrees they want. And the ones who already have them are going to start demanding better pay. I don't see how a person could survive on $11/hr while making payments on the student loans they likely had to incur to get the A.A.S. (even if we assume they went to a C.C., many of these students are taking out loans just to keep food in their kids' bellies while they work full-time and go to school). And what kid in high school is going to go into a degree program knowing the payoff is $11/hr ?

    It starts with Corinthian Schools. Right now those people are fighting for debt forgiveness. If they receive it, it will only be a matter of time before the alumni of private non-profit and public schools start demanding the same.

    My parents told me I had to go to college to make a better life. What are all of these people likely to tell their kids? It will take a generation for the college Kool-Aid to wear off some, but I am confident that it will, indeed, wear off.
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  4. #4
    sanantone is offline Registered User
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    Quote Originally Posted by Neuhaus View Post
    And what kid in high school is going to go into a degree program knowing the payoff is $11/hr?
    Too many. These are often certificate programs rather than associates programs, but so many people enter medical assisting programs that are $20,000+. In my region, I've seen the pay for MAs range from $8 to $13 an hour. Occasionally, I'll see $14 or $15 an hour. We have so many call centers here that pay $11 an hour with regular pay raises, one might as well do that.

    I had an interest in getting a bachelor's in biology, but when I searched for jobs in the region asking for one, I came across a lot of lab jobs that pay $11-$15 an hour. No thank you. I've also seen social service jobs at non-profits requiring a bachelor's and paying $12 an hour. One would be better off working for the government. Even most correctional officers get at least $15 an hour, and they only need a high school diploma.
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  5. #5
    Neuhaus is offline Registered User
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    Quote Originally Posted by sanantone View Post
    Too many. These are often certificate programs rather than associates programs, but so many people enter medical assisting programs that are $20,000+. In my region, I've seen the pay for MAs range from $8 to $13 an hour. Occasionally, I'll see $14 or $15 an hour. We have so many call centers here that pay $11 an hour with regular pay raises, one might as well do that.

    I had an interest in getting a bachelor's in biology, but when I searched for jobs in the region asking for one, I came across a lot of lab jobs that pay $11-$15 an hour. No thank you. I've also seen social service jobs at non-profits requiring a bachelor's and paying $12 an hour. One would be better off working for the government. Even most correctional officers get at least $15 an hour, and they only need a high school diploma.
    My ex-wife earned an MSW and immediately upon leaving school was earning a whopping $10/hr (and putting sickening amounts of unreimbursed mileage on her car). Last I heard she was making closer to a living wage but she also racked up just shy of $100k in student loan debt in the process.

    Locally, we have a few career schools. And their promises never made much sense to me. They run commercials showing graduates wearing suits and standing in bare bones conference rooms telling us how their certificate in finance/managerial account/marketing allowed them to get a "dream job" in "the corporate world."

    Then again, when I attended the open house at Kings College as a high school senior, they pulled the same game. They would show us employment statistics showing us how the graduates of their business school were making starting salaries of $42,000. Yet, they refused to tell us where they were working or what they were doing ("They are all working in professional level positions."). Come to find out that the school itself was hiring a large number of grads for 1-2 year temp jobs post-graduation so they could boost their numbers.

    Maybe it wasn't a terrible strategy. Maybe some of them used that job to bounce to a real job of their own. But it was still deceptive, in my opinion.
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