part of an MBA as part of your severance package from your current employer? For you, this option can be pennies from heaven in more ways than one: First, it can cover up a crater in your résumé. Second, when the economy swings around, your present employer may decide he needs you more than he thought he did, especially with your additional credentials. Third, that fresh sheepskin makes you more marketable, of course.
In January 2009, the Times of London published an article titled “Downturn Is Right Time to Take an MBA” by Steve Coomber. It included some noteworthy factors:
• “In a downturn, the opportunity costs of putting a career into neutral for a year or two are more attractive than during a boom, when people worry about missing out on quick promotions and big bonuses. In a recession, an MBA allows you to boost skills, ready for when the green shoots of recovery appear.”
• “In coming years, there will be far less money to be made in finance than over the last decade,” Arnoud De Meyer, the director of Judge Business School at Cambridge University, said. “The nature of the jobs will change and there will not be the same huge bonuses and salaries.” Still, who can knock a business degree out of schools like Michigan, Northwestern, Stanford, Wharton, USC, or Harvard?
For those MBA students determined to work in the finance and banking sector, the best business schools have powerful networks, so be sure to use them.
If you have not stashed away enough grain in your silo for getting an MBA to be an option, then you should do a little reading before the next recession—and there will be another one, too. You can learn a lot from that old Greek named Aesop and his tale called The Ant and the Grasshopper.
Mackay’s Moral: MBA can mean master of business
administration or it can spell my best alternative when the
economy nose-dives.
Quickie—The Lecture Room in Your Laptop
Before you go out and spend megabucks on higher education, make sure that you get a load of the highest education . . . for nothing.
Nothing!
• TED ( Technology, Entertainment, Design ) is an annual conference committed to “ideas worth spreading.” These lectures, known as TEDTalks, include business and technology. Among TED lecturers are Bill Gates and Google founders Sergey Brin and Larry Page. There are more than four hundred TEDTalks that can be seen free online. According to April 2009 data, these speeches have been seen over one hundred million times.
• MIT has a free lecture program online called “OpenCourseWare.”
• According to the New York Times , “Yale put some of its most popular undergraduate courses and professors online free. The list includes Controversies in Astrophysics with Charles Bailyn, Modern Poetry with Langdon Hammer and Introduction to the Old Testament with Christine Hayes.”
• There are heaps of free programs on the Internet on accounting skills and information technology. Just be sure to read the fine print for those services that are without charge and those that intend to extract a price.
How you spend your viewing time is your business, but there’s a noticeable difference on the gray matter scales between “I Dream of Jeannie” and “I Dream of Genius.”
“Would you take the guy at Table4? I used to be his broker.”
© The New Yorker Collection 2003 Peter Steiner from cartoonbank.com . All Rights Reserved.
Chapter 18
When It’s OK
Not to Act Your Age!
A few years ago, the MacArthur Foundation underwrote a landmark study that included the importance of “lifestyle choices” to maintaining productivity as one ages. The findings were summarized in a book titled Successful Aging by Dr. John W. Rowe, president of Mount Sinai Hospital, and Robert L. Kahn, PhD, from the University of Michigan.
Three groups of factors have an influence on productivity as one’s age advances: mental and physical function, friendship and social relations, and enduring
In January 2009, the Times of London published an article titled “Downturn Is Right Time to Take an MBA” by Steve Coomber. It included some noteworthy factors:
• “In a downturn, the opportunity costs of putting a career into neutral for a year or two are more attractive than during a boom, when people worry about missing out on quick promotions and big bonuses. In a recession, an MBA allows you to boost skills, ready for when the green shoots of recovery appear.”
• “In coming years, there will be far less money to be made in finance than over the last decade,” Arnoud De Meyer, the director of Judge Business School at Cambridge University, said. “The nature of the jobs will change and there will not be the same huge bonuses and salaries.” Still, who can knock a business degree out of schools like Michigan, Northwestern, Stanford, Wharton, USC, or Harvard?
For those MBA students determined to work in the finance and banking sector, the best business schools have powerful networks, so be sure to use them.
If you have not stashed away enough grain in your silo for getting an MBA to be an option, then you should do a little reading before the next recession—and there will be another one, too. You can learn a lot from that old Greek named Aesop and his tale called The Ant and the Grasshopper.
Mackay’s Moral: MBA can mean master of business
administration or it can spell my best alternative when the
economy nose-dives.
Quickie—The Lecture Room in Your Laptop
Before you go out and spend megabucks on higher education, make sure that you get a load of the highest education . . . for nothing.
Nothing!
• TED ( Technology, Entertainment, Design ) is an annual conference committed to “ideas worth spreading.” These lectures, known as TEDTalks, include business and technology. Among TED lecturers are Bill Gates and Google founders Sergey Brin and Larry Page. There are more than four hundred TEDTalks that can be seen free online. According to April 2009 data, these speeches have been seen over one hundred million times.
• MIT has a free lecture program online called “OpenCourseWare.”
• According to the New York Times , “Yale put some of its most popular undergraduate courses and professors online free. The list includes Controversies in Astrophysics with Charles Bailyn, Modern Poetry with Langdon Hammer and Introduction to the Old Testament with Christine Hayes.”
• There are heaps of free programs on the Internet on accounting skills and information technology. Just be sure to read the fine print for those services that are without charge and those that intend to extract a price.
How you spend your viewing time is your business, but there’s a noticeable difference on the gray matter scales between “I Dream of Jeannie” and “I Dream of Genius.”
“Would you take the guy at Table4? I used to be his broker.”
© The New Yorker Collection 2003 Peter Steiner from cartoonbank.com . All Rights Reserved.
Chapter 18
When It’s OK
Not to Act Your Age!
A few years ago, the MacArthur Foundation underwrote a landmark study that included the importance of “lifestyle choices” to maintaining productivity as one ages. The findings were summarized in a book titled Successful Aging by Dr. John W. Rowe, president of Mount Sinai Hospital, and Robert L. Kahn, PhD, from the University of Michigan.
Three groups of factors have an influence on productivity as one’s age advances: mental and physical function, friendship and social relations, and enduring
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