MBA Students Seek Backup Plan in Troubled Times

Jacob A. Nord
3:39 PM
http://money.cnn.com/2009/02/13/news/economy/mba_worry.reut/index.htm


This article is about the fact that there seems to be no more solid ground to stand on, so to speak. In recent times, many students looking to earn a master’s degree for banking are now considering back up plans for their careers. With the failing economy, even graduate students at elite schools are wondering about the future, that is, whether or not it is wise to invest in graduate school, when there is nearly insurmountable debt at the end of school and no guarantee of the ability to pay it off. Even foreign students studying at these Universities are wondering if there is going to be enough opportunity in the U.S. at the end and are wondering if an American graduate education is really worth it.
Judging from the information presented, I can see how this situation concerning Graduate schools in North America plays into what our Professor said about the changing global economy, and of how many of the intellectual jobs are beginning to be being given to foreign workers such as Indians, as the article mentions several of the graduate students being interviewed were Indian, thus “outsourcing” continues up the ladder. On another note though, this article mentioned that MBA students were no longer rare breeds, remembering our professor mentioning the current system of credential inflation and the problems that that is causing, it makes me wonder what the future of education will be, what the worldwide standards will eventually be, will Ph. D’s eventually become the norm and become standard among the people of the world?