MBA World – Week

1. October’s employment reports of US showed continued sluggish job growth, but positive revisions for earlier months takes away some of the sting .
2. Naukri Job Speak index for Oct-11 indicates a 16% dip in new jobs India Inc witnessed a 16% decline in recruitment in Oct-11 when compared to Sep-11, as all key industry sectors and functional areas have witnessed dips in their hiring activity when compared to the previous month.
3.ING to cut 2700 jobs, takes Greek bond hit
‎4. NEW YORK: As companies battle the economic slowdown, the employees at large companies in the US and Europe seem to be facing the axe in a major way.

More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months in their efforts to slash costs and those from the financial services space are among the worst hit.
5. Where BTechs are typists, MBAs turn receptionists
http://www.dnaindia.com/india/report_where-btechs-are-typists-mbas-turn-receptionists_1605886
6. 5 Myths About MBAs
‎http://www.google.co.in/url?sa=t&rct=j&q=mba&source=newssearch&cd=25&ved=0CEcQqQIwBDgU&url=http%3A%2F%2Fwww.huffingtonpost.com%2Fming-chen%2F5-myths-mbas_b_1069471.html&ctbm=nws&ctbs=qdr%3Aw&ei=OWy1ToKiKseHrAflqJXaAQ&usg=AFQjCNGRuQvrxvIY1_mYNLTVmEXPvEBJWQ&cad=rja

MBA World Week

1. The demand for business education within Russia is far from where it was before the global financial crisis: Students are requesting both the most expensive and the cheapest, shortest programs. This trend will cause the business education market to consolidate, analysts said.

The highest and lowest segments of the market, or programs with price tags of more than 1 million rubles ($32,000) and less than 300,000 rubles ($9,700), are growing the most successfully, said Sergei Myasoyedov, president of the Russian Association for Business Education, or RABO.

Read more: http://www.themoscowtimes.com/careercenter/article/446204.html#ixzz1cJDHy0L8
The Moscow Times

2. ORANGE, Calif.–(EON: Enhanced Online News)–The quality of Executive MBA students remains high despite the tough economic conditions as students recognize the need to sharpen their competitive edge by gaining new skills and knowledge. Every metric that reflects the type of student attending EMBA programs was up, according to the Executive MBA Council’s 2011 Membership Program Survey. “Students want to increase their business acumen by pursuing an MBA in a rigorous, high-quality program, which is what our member programs offer,” says Michael Desiderio, executive director of the EMBA Council.

3. Just in the last few years, we’ve seen the rise of the chief sustainability officer as companies move to integrate social and environmental performance into their core business strategies.

But you wouldn’t necessarily know it based on the way business schools are prepping their students, new research suggests. Many business leaders see few MBA students hitting the job market equipped with the skills needed to meet their corporate sustainability goals.

4.EBMA Rankings http://rankings.ft.com/businessschoolrankings/emba-rankings-2011

5. WASHINGTON — New U.S. claims for unemployment benefits fell modestly last week but a closely followed trend reading edged higher, pointing to ongoing weakness in the nation’s labour market.

Initial claims for state unemployment benefits slipped by 2,000 in the week ending Oct. 22 to a seasonally adjusted 402,000, the Labor Department said on Thursday. The government raised slightly its estimate for claims filed during the prior week to 404,000.Most Americans are still unhappy about the current state of the economy, according to a new Harris Interactive poll, which shows that just 9 percent of U.S. adults believe the job market in their region of the country is in good shape. The poll of 2,453 adults surveyed online Oct. 10-17 found that 67 percent rate job prospects in their communities as bad.

Read more on Newsmax.com: Americans Not Optimistic About Jobs Market, According to Harris Poll
Important: Do You Support Pres. Obama’s Re-Election? Vote Here Now!

6. CHINA’S job market managed to remain stable in the third quarter despite a slowdown in the country’s economy.

In the first nine months, the country has created a total of 9.94 million new jobs, achieving 10 percent more than the government target of 9 million of new jobs for the whole year, Yin Chengji, a spokesman of the Ministry of Human Resources and Social Security, told at a briefing in Beijing this morning.

That compares with 6.55 million in the first half and 9.31 million in the same period last year.

In the third quarter alone, a total of 3.39 million new urban positions were created, one of the best quarterly performances in “several years,” according to Yin.

MBA World week

1. Princetonreview surveyed over 122,000 students and collected tons of information to help you find the best college for you – including 62 ranking lists.http://www.princetonreview.com/college-rankings.aspx
2. India -MBA Admissions 2012: Apply to BIMTECH, BULMIM, IFIM, IFMR
In the special series of MBA Admissions 2012-14, MBAUniverse.com is bringing to you the details of the admission notifications announced by the B-schools. Most of the top B-schools have already announced the admissions for the academic year 2012-14, and many other B-schools are in the process to announce it.

Today we bring to you the details notification of the institutes such as BIMTECH Greater Noida & Bhubaneswar, BULMIM New Delhi, IFIM Bangalore and IFMR Chennai. Let us have a look at the admission processes.

http://www.mbauniverse.com/article/id/5075/MBA-Applications-2012
3. UK Admission applications for UK’s Master’s in Business Administration program have dropped in the past year.

UK’s program admission is not the only one that is experiencing this change. One-third of MBA programs have also reported a 10 percent decrease as well in their admissions, according to the Graduate Management Admission Council.

This type of information raises the question if one needs an MBA or not. The prolonged uncertainty in the job market has discouraged many applicants nationwide over the past three years which is why applications are low, The Wall Street Journal reports.

http://kykernel.com/2011/10/18/questions-arise-about-value-of-an-mba/
4.London Business School: Victim of its own success?London’s current endowment is under 20 million pounds, or less than $31.5 million. By comparison, the endowment at Harvard Business School tops $2 billion. Even Babson College, a second-tier school primarily known for its entrepreneurship MBA program, has an endowment that is nearly eight times London’s — some $243 million.

At London Business School, for example, only 14% of the school’s alumni give back to the school on an annual basis. That is a sharp contrast to the numbers at major American schools where there is a tradition of giving. Dartmouth’s Tuck School of Business set a new record for participation by alumni in its annual giving campaign with 70.5% of all living alumni making a contribution last year. At Yale University’s School of Management, 46% of its MBA alums reached into their pockets to donate money to the school; the University of Virginia’s Darden School was the beneficiary of a 43% alumni giving rate, while Stanford Graduate School of Business reported a 41% participation rate by MBA alums.
5. Gartner: IT’s Top 10 Technology Trends
media tablets
Mobile-centric applications
Apps store and marketplaces
The Internet of Things
contextual and social user experiences
cloud computing
Next-generation analytics
Big data
in-memory
extreme low-energy servers
http://forwardthinking.pcmag.com/show-reports/289266-gartner-it-s-top-10-technology-trends#fbid=nRNPIVniuqI
6. Business transformation through the cloud: Fact or fiction?
The Cloud is often spoken of as a tool for business transformation. But what does this actually mean, and how can business leaders realise the business value offered by the Cloud without suffering from the pitfalls?

Fundamentally, Cloud is about economics. Many of the technologies involved in building cloud originate in the virtualisation arena. But Cloud is not simply next-generation virtualisation, and treating it as such will not deliver significant business benefit. The real business transformation opportunity stems from the fact that Cloud changes the balance of supply and demand between IT and the business.

Business transformation through the cloud: Fact or fiction?

MBA World

1 More opt for careers that don’t need MBA’- Graduate Management Admission Council (GMAC) survey
2.India, China largest market for B-Schools – Graduate Management Admission Council (GMAC) survey
3.AICTE CMAT from 20 to 28 Feb, 2012; top edu tech co in bid process
‎4.MBA 2012-14: SPJIMR, MDI, TAPMI, FORE, BIMTECH announce admissions
‎5. Rise reported in part-time MBA applications – Graduate Management Admission Council (GMAC) survey
6. 2.05 lakh candidates have registered for CAT
7. Some business schools accept GRE over GMAT
8. IMT is No. 1 on Business World’s Distance Learning List
‎9.Future Learning and NSDC to create 1.4mn entrepreneurs.
‎This is part of the government’s overall target to train 500mn people by 2022 to meet the global skills shortage.


Single Currency and Flat world:

I was reading an analyst “On Wednesday, the Federal Reserve Board announces its next step in quantitative easing, which is also referred to as QE2. But this whole process of trying to keep the American economy afloat via manipulation/interference of the markets may be more like the Titanic). It is getting harder and harder for the Fed to keep this ship from sinking when the captain and all his officers believe that the only way to stay afloat is to take on more and more water (debt). Eventually they will take on so much water, so the logic goes, that the ocean level (value of the Dollar) will go down enough and the luxury liner (once the world’s greatest economy) can’t sink. In the meantime, Bernanke and the Fed keep patching up the ever growing holes in the hulk, buying time and hoping to limp onto a sandbar before it is too late. Or maybe they are spending their time blowing up an inflatable vessel to carry the passengers to safety, with only a fraction of their values saved.”

Does management has any solution of current mess? Can they save the sinking economy? There are many questions. All markets are floating high on cheap liquidity. Asset bubble is there which creating gap between rich and poor. This is critical management case study. Like product life cycle, economies have also to go through cycles. If you don’t have anything much to deliver, you are bound to fail. US import – export gap is too large. Debt can fill the gap for time being. If China improves Yuan valuation, their export will be costly and many companies will look for survival.
One solution could be let India and US take collective efforts. India has demand and cheap work force. US has nuclear equipments, technology, and brand dollar (whatever value you give it now to dollar). Collective efforts could be win-win situation for both. India will get infrastructure.

Giving QE2 could drive dollar further down. This will erase value from dollar asset class, but US has no other option. Another option is let the economy go to next recession and let the people understand the hard reality. This will be bitter medicine but will deliver well for US economy. US will be able to deliver better products in future. Focus will move to technology. However, politician will look to quick fix to win elections. There is no short term remedy for such things. Building a strong economy takes long time and patience.

A single currency is a dream but could solve many problems and wastage in transitions. Resources we are wasting in movement from one country to another could be saved. Real valuation of things will come out and no country will be able to manipulate it.