MBAs Return to Their Roots

More

The Wall Street Journal reports that MBAs, unable to find the lucrative jobs in consulting and finance that they paid big bucks to access, are going back to whatever it was they used to do. 


That's what happened to my class in 2001 -- though not to me, because I'd come from the one field, technology consulting, that was doing worse than finance or management consulting.  I did sniff around to see if there were any jobs available, but as one recruiter pointed out, my skills were two years old, and the market was glutted.  "Find a nice guy," he advised, "and have his babies."

But even those who can return to the mother ship are usually more than a little embittered by the experience.  Most people get an MBA because they want to switch fields.  Paying $80-$100,000 for a promotion is a pretty hard pill to swallow.

Jump to comments
Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Get Today's Top Stories in Your Inbox (preview)

Why Do People Love Times Square?

A filmmaker asks New Yorkers and tourists about the allure of Broadway's iconic plaza


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Why Do People Love Times Square?

A filmmaker asks New Yorkers and tourists about the allure of Broadway's iconic plaza

Video

A Time-Lapse of Alaska's Northern Lights

The beauty of aurora borealis, as seen from America's last frontier

Video

What Do You Wish You Learned in College?

Ivy League academics reveal their undergrad regrets

Video

Famous Movies, Reimagined

From Apocalypse Now to The Lord of the Rings, this clever video puts a new spin on Hollywood's greatest hits.

Video

What Is a City?

Cities are like nothing else on Earth.

Writers

Up
Down

More in Business

Just In