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With Jobs Scant, MBAs Consider Startups

With Jobs Scant, MBAs Consider Startups

Landing a banking or consulting job used to be the main reason for going to B-school. These days, it's just as likely to be launching a business

Business schools have quietly become the back door to starting your own business. Once considered merely the hallway to a high-salaried career with an investment banking or consulting firm, business schools are now drawing attention from those tinkering in their garages and hoping to find the next big thing. Through virtual and traditional business incubators, business schools are helping students launch startups with everything from fund-raising and networking to finding office space and interns.

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Article credit: Di Meglio, reporter for BusinessWeek.com in Fort Lee, N.J.

Comments

manjesh chakrapaniThursday 26th November 2009 - 01.04am
hello...
yeah..business school paves way to start our own business...but dont you think its better that first we go to a private company and take a good amount of experience rather than directly opting for our own business after the mba.???
Ian LaffertyFriday 27th November 2009 - 09.33am
The key issue for business schools is to recognise that not all grads will end up in corporate jobs, and even if they do, a thorough understanding of a range of business models is vital. We must deliver MBA programmes which take this into account. In module 4 this year we introduced live case studies in partnership with the Centre for Innovation and the Distiller network. This gave the MBA students first hand experience in a range of start-ups mostly in an online business environment. However, the cases in earlier modules addressed MNCs and large NZ-based businesses. For next year we are currently looking at curriculum development, course outlines, case studies, seminar series, speaker events etc, all of which will allow us to offer insights into a range of business applications from corporates to SMEs to start-ups. The consulting project which students take in module 5 offers students the opportunity to apply their learnings in their choice of business environment. I think it is important to have knowledge across the spectrum...start-ups undoubtedly need to play with the big guns at some stage in their development, as suppliers, customers, competitors and collaborators...and who knows, their ultimate owners!

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