Wednesday, January 21, 2004

Is this really the time for an MBA?

This year, 1.2 million college graduates faced the grim reality that they had to compete with nearly nine million unemployed individuals for approximately three million jobs. Yet, many career specialists are warning against the urge to postpone a job search and stay in school to pursue a master's degree.

"Based on the employers we have surveyed, rushing out to attain an M.B.A. straight from undergraduate school may be a big mistake," says Tony Lee, editor-in-chief of the College Journal (www.collegejournal.com), a free online publication for undergraduate, graduate, and M.B.A. students seeking job search and career guidance information. "It runs counter to the intended premise of an advanced degree, which is to learn more about a field in which you're truly interested." Unfortunately, many anxious job seekers view a second degree simply as a résumé enhancer. "With the job market being this bad," says Lee, "a lot of college grads are charging out for an M.B.A., but for the wrong reasons."

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