Jacob A. Nord in Money brings up the problem of MBA students who now find the ground shifting beneath their feet.
Now, many students looking to earn a master’s degree for banking are considering back-up plans for their careers. Career counselors at MBA programs are urging students to be open-minded about the jobs they will accept and to pursue aggressively those that are available. While companies are still sending recruiters to campuses, they are not hiring as many people.
Even graduate students at elite schools are wondering about the future: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.
Current events also deals with this problem with worries about the changing global economy. One professor mentioned the current system of credential inflation and the problems that that is causing, wondering what the future of education will be, what the worldwide standards will eventually beand whether Ph.D’s will eventually become the norm and become standard among the people of the world?