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בתגובה ל: מחפש תכנית MBA עם התמחות בשיווק פוליטי #18221
To: All
ללמוד בבינתחומי זה ממש לא מעפן.בשנים האחרונות הם עושים עבודה רצינית מאד ולמרות שהם לא ממש תחרות לmba בחו"ל ויש להם עוד הרבה עבודה לעשות
הם כרגע הדבר הכי קרוב בארץ. יש להם קשרים מצויינים עם וורטון ושיקגו ולאחרונה אני יודע שהם מדברים עם דארדן. אם אתה מעוניין לשמוע עוד אני מוכן לקשר אותך לראש תכנית הMBA שלהם. שורה תחתונה- לא יפה לפסול ככה:-)
(גילוי נאות- עשיתי תואר ראשון שם, הייתי מאד מרוצה בזמנו ועכשיו שאני בדארדן אני מבין עוד יותר כמה כלים טובים וחשובים רכשתי שם)בתגובה ל: סטודנטים מדארדן – נא להיכנס #18220To: All
התשובה היא כן. מאד מעוניינים.אני אעביר את זה בין שאר הסטודנטים
תוכל גם לכתוב לי ל
[email protected]בתגובה ל: האם לעשות MBA? #17535To: All
A Time to Hang In There“I want to quit the MBA Program. The job situation is miserable. The economy is headed down the drain. I enrolled here with expectations that I would get into brand management—I deserve it! Now, it seems that you can’t deliver. I can’t see doing the work and running up more debt just to go back to the job I had before B-school. I’m outta here.”[1]
These are words that chill a teacher. They reveal a gap between expectations and achievement. They suggest a failure of courage and ambition. They are a symptom of the jarring adjustment required by the current economic crisis. And they imply confusion about the role of professional education in society and in the life of the individual.
Sure enough, these are tough times for everyone. The students now in B-school applied at a time when it looked like school was a sure thing: an entry to a better life. Then came the crunch. Money for student loans became scarce. Job prospects declined. Companies scaled back their recruiting—but they have not tempered the salaries they did offer. The aspirations and outlook of MBA students have shifted. Some openly wonder whether they should quit. I attended a big meeting of B-school Deans last week; this topic was a subject of conversation.
Plainly, there is an alternative to B-school, the school of hard knocks. An article published in the Wall Street Journal makes the pitch: “How to Succeed in Business: Drop Out of School?” It glowingly details the examples of three drop-outs who succeeded: Bill Gates (founder of Microsoft), Mark Zuckerberg (founder of Facebook), and Larry Ellison (founder of Oracle). The odds of hitting it that big are quite small. You should read the comments that follow the article: they tilt on the side of “stay.” Ironically, the article was published on December 21, 2007, about the time that the present recession began. Taking the advice of the Journal, one would have tried to launch his or her small business boat into the face of a rising gale.
I don’t have a lot of experience with this problem. The overwhelming majority of MBA students stick it out; they vote with their feet in favor of the MBA value proposition. Voluntary departures from Darden in mid-program are extremely rare. From my time at Darden (27 years) I can think of only two cases. One guy left in 1997 to found a dot-com business and hit it big—since then he has been a friend and benefactor of Darden. Another guy left in the mid-1990s to be a trader in mortgage-backed securities for—you guessed it—Bear Stearns. Today his whereabouts are unknown. These two cases are polar examples of quitting early. You might hit it very big; then again, you might not. Certainly, we celebrate risk-taking in B-school, but our counsel is to take risks intelligently and unemotionally, avoiding the elation you feel in the bubbles, and the fear you feel in the crashes. These two cases are important for another reason: the students were reaching out for attractive opportunities, they weren’t running away. My first piece of advice for a student (or an executive, for that matter) would be to make a move out of strength, not weakness. Whenever you move, you must have a vision of what you are running toward.
In his play, Rosencrantz and Guildenstern are Dead, Tom Stoppard wrote, “Every exit is an entrance somewhere else.” B-school is an incredible threshold. How, when, and in what direction to cross the threshold are exciting questions. To step away from that threshold is to enter somewhere else entirely—if you have an appetite for “somewhere else,” why did you come to B-school to begin with?
Maybe the core issue is discouragement or the angst that you get from watching the stock market too closely. Most MBA students took a great risk coming to B-school: entered (and won) the application sweepstakes; left jobs; borrowed money; uprooted themselves and possibly a family. But by now, the worst of the risk-taking is past: the marginal cost of finishing the degree is comparatively small—indeed, that cost represents the price of a call option on future careers. Is this so risky? Given the range of possible outcomes in the near future, the value of that call option is probably high. If the flexibility afforded by B-school is unimportant to you, why did you come to B-school to begin with?
Anyway, the uncertainty we all face will be a fact of life for indefinite future. We have suffered financial crises and recessions in the past with some regularity; they will happen again in the future. The current conditions are very good training for years to come. The ability to assess and bear sensible risks is at the core of business and entrepreneurship. Frankly, if you can’t stand this kind of uncertainty, why did you come to B-school to begin with?
By now, the last three paragraphs drive home a point: the impulse to leave in mid-program may be less about the MBA and more about the individual. There has been and still remains a very positive argument for getting an MBA:
Education adds value. Generally, research finds real rates of return on investment upwards of 10% and as high as 50%.[2] And there is a correlation between years in school and earning power—but that’s only the quantitative part. Every year, students graduate who are more self-confident, better communicators, and more promising leaders than when they enrolled. And they have joined an alumni network that has helped in good times and bad.
Long career ahead. With the benefits of modern medicine, you can probably look forward to a career of 50 years. Are you judging the worth of an MBA by only the first job you get out of B-school? Take the long view. If you could discount the marginal benefits of an MBA from a competitive school over the next 50 years, I’d guess that they well exceed the costs. Don’t discount the future too steeply.
The call option is valuable. Figure it out with B-school concepts: you have a contingent claim in the context of high uncertainty. This is a setting in which the value of flexibility is high.
Here’s how I would reply to the four claims of the student:The job situation is miserable. Sure, unemployment is rising nationally; at the end of January it was 7.6%, with some metropolitan areas (like Detroit) reporting unemployment greater than 10%. The reality is that students at a competitive B-school are blessed with an incredible leg up. Today, 67% of our second-year students have job offers, compared with about 81% and 79% in 2008 and 2007 respectively at this time. Sure, it is a softer market…but “miserable”? Be realistic.
The economy is headed down the drain. Today it seems so. But there will be a recovery. When the recovery comes, it will create a huge vacuum for talent that will draw upward those who have good professional training. Forecasters such as the Congressional Budget Office suggest that a recovery in the U.S. will begin late this year and that 2010 will feature moderate growth. Be patient. Even if the economy declines further in the near term, you must look across the chasm toward the recovery. Darden alumni who graduated in previous recession years tell stories that they were lifted upward by the recovery and that their careers have turned out well. The U.S. remains the world’s largest economy, the most diverse, most inventive, and most mobile. It is a democracy with rule of law, civil rights, and respect for the rights of investors. And it is spending enormous sums to jump-start the economy. All of these presage economic growth in the future.
I enrolled here with expectations that I would get into brand management—I deserve it! It’s good to have aspirations. But use of the word “expectations” describes something quite different. No B-school promises you a job. You have to get it the old fashioned way—you must earn it. Don’t nurse a sense of entitlement—recruiters can smell it a mile away and tend to run when they encounter it. See my earlier blog posting on entitlement. Instead, in times as uncertain as these, adopt a flexible mindset—that way, you stay open to exciting possibilities.
I can’t see doing the work and running up more debt just to go back to the job I had before B-school. You should always be conservative about borrowing—as the Subprime Crisis has richly reminded us. But the most valuable asset you have is between your ears. Augmenting your knowledge and wisdom at the start of your career is invaluable. Can you really quantify all the benefits of an education? Attend the best school you can, and then trust the process. The odds are that finishing your degree will put you on a better career path than your old job would afford.
Instead of quitting, I think the student should take four points of advice:Finish the program; get the degree.
Focus your job search on what you offer that is valuable to employers. Think like your target customer. Be adaptable to the needs of companies. It is always good to have aspirations and career vision. But the reality of this job market is that new MBAs should be open to new, unexpected, and indirect ways of filling one’s vision.
Work the extended network—on grounds and off. Today, more than ever, success in searching for a job comes from a good discovery process. Research reaffirms the value of weak links: people who you don’t know well are most likely to see job opportunities of which you have not heard.
Integrity. Don’t be tempted into behavior inconsistent with the best values. Anxiety can take you down paths you will regret. Treat everyone fairly. Represent yourself honestly. Help others.
One can imagine circumstances under which it would make sense to quit: financial or family hardship, health problems, physical danger, or war. But if it is just a doubt about the future, then stay. Winston Churchill said it best: “Never give in, never give in, never; never; never; never – in nothing, great or small, large or petty – never give in except to convictions of honor and good sense”——————————————————————————–
[1] This is a fictional comment, compiling sentiments of actual students in business schools.
[2] See four studies: Card, D., 2001. "Estimating the Returns to Schooling: Progress and Some Persistent Problems", Econometrica, 69(5), 1127-1160. Palacios-Huerta, I., 2003. "An Empirical Analysis of the Risk Properties of Human Capital Returns", American Economic Review, 93(3), 948-964. Psacharopoulos, G. and H. Patrinos, 2002. "Returns to Investments in Education: A Further Update", World Bank discussion papers 2881. Heckman, J, Lockner, and P. Todd, 2003 “Fifty Years of Mincer Earnings Regressions” http://papers.ssrn.com/sol3/papers.cfm?abstract_id=410658.
Posted by Robert Bruner at 02/10/2009
בתגובה ל: לחברים בלבד #17509כרטיס החבר עודכן
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בתגובה ל: Internship Status #17508To: All
H-1B Visas: 'Buy American' Comes to TARP
Posted by: Dan Beucke on February 06By Moira Herbst
It’s another attempt at requiring companies to “Buy American” – but in this case, not American iron or steel, but American workers.
The U.S. Senate voted on Feb. 6 to put stricter limits on banks and other recipients of taxpayer money through the Troubled Assets Relief Program, or TARP, that want to hire high-skilled workers from overseas under the H-1B visa program. The Senate approved the measure – introduced by Senators Charles Grassley (R-Iowa) and Bernie Sanders (Independent-Vermont) – by voice vote as an amendment the economic stimulus package President Barack Obama is urging the Senate to pass.
The vote came the same day that the government announced that that 598,000 U.S. jobs were lost in January, the biggest one-month drop in 34 years. The unemployment rate reached a 16-year high of 7.6%.
The amendment that passed isn’t as tough as the one Grassley proposed on Feb. 5, which would have prohibited firms from hiring H-1Bs altogether. The modified amendment instead makes TARP recipients jump through extra hoops before they can hire those foreign workers. Specifically, it subjects recipients of TARP funds to the same rules so-called H-1B dependent employers must follow. (An H-1B dependent employer is one whose workers brought in with that visa comprise 15% or more of the employer's total workforce.) These rules include:
1. The employer can’t displace any similarly employed U.S. worker with an H-1B hire within 90 days before or after applying for H-1B status or an extension of status.
2. The employer can’t place any H-1B worker at the worksite of another employer – meaning it can’t outsource a worker for a client – unless that employer first makes a “bona fide” inquiry as to whether the other employer has displaced or will displace a U.S. worker within 90 days before or after the placement of the H-1B worker.
3. The employer has to take good-faith steps to recruit U.S. workers for the job opening, at wages at least equal to those offered to the H-1B worker. The employer must offer the job to any U.S. worker who applies and is equally or better qualified than the H-1B worker.
“These are hardly onerous expectations,” notes Ron Hira, professor of public policy at the Rochester Institute of Technology and an expert on H-1B visas. Hira says the provision would affect about 1,000 jobs.
The amendment falls short of preventing large banks from using H-1Bs brought into the U.S. by outsourcing firms like India-based Infosys (INFY), Wipro (WIT), and Tata, which are among the top recipients of petitions for the H-1B visa program. “Most of the H-1B use, and abuse, happens through relationships banks have with outsourcing firms,” says Hira. “I don’t think [the amendment] restricts them from working w those firms.” In other words, a bank could still legally force a laid-off American employee to train a replacement worker who is on an H-1B visa.
A related provision was passed in the U.S. House on Jan. 21 as an amendment to a bill that passed to reform TARP.
That measure, introduced by U.S. Representative Sue Myrick (R-N. Carolina), prohibits TARP recipients from outsourcing call-center work to foreign companies. The bill has not yet been taken up by the Senate.
Rising unemployment is leading to more scrutiny of the H-1B visa program and its effects. On Feb. 1 an Associated Press story said that the dozen banks now receiving the biggest TARP rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions such as senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. And in my story earlier this week, I wrote about the controversy surrounding Microsoft’s efforts to lift caps on the number of H-1B worker visas while it eliminates 5,000 jobs.
בתגובה ל: האם לעשות MBA? #17507To: All
H-1B Visas: 'Buy American' Comes to TARP
Posted by: Dan Beucke on February 06By Moira Herbst
It’s another attempt at requiring companies to “Buy American” – but in this case, not American iron or steel, but American workers.
The U.S. Senate voted on Feb. 6 to put stricter limits on banks and other recipients of taxpayer money through the Troubled Assets Relief Program, or TARP, that want to hire high-skilled workers from overseas under the H-1B visa program. The Senate approved the measure – introduced by Senators Charles Grassley (R-Iowa) and Bernie Sanders (Independent-Vermont) – by voice vote as an amendment the economic stimulus package President Barack Obama is urging the Senate to pass.
The vote came the same day that the government announced that that 598,000 U.S. jobs were lost in January, the biggest one-month drop in 34 years. The unemployment rate reached a 16-year high of 7.6%.
The amendment that passed isn’t as tough as the one Grassley proposed on Feb. 5, which would have prohibited firms from hiring H-1Bs altogether. The modified amendment instead makes TARP recipients jump through extra hoops before they can hire those foreign workers. Specifically, it subjects recipients of TARP funds to the same rules so-called H-1B dependent employers must follow. (An H-1B dependent employer is one whose workers brought in with that visa comprise 15% or more of the employer's total workforce.) These rules include:
1. The employer can’t displace any similarly employed U.S. worker with an H-1B hire within 90 days before or after applying for H-1B status or an extension of status.
2. The employer can’t place any H-1B worker at the worksite of another employer – meaning it can’t outsource a worker for a client – unless that employer first makes a “bona fide” inquiry as to whether the other employer has displaced or will displace a U.S. worker within 90 days before or after the placement of the H-1B worker.
3. The employer has to take good-faith steps to recruit U.S. workers for the job opening, at wages at least equal to those offered to the H-1B worker. The employer must offer the job to any U.S. worker who applies and is equally or better qualified than the H-1B worker.
“These are hardly onerous expectations,” notes Ron Hira, professor of public policy at the Rochester Institute of Technology and an expert on H-1B visas. Hira says the provision would affect about 1,000 jobs.
The amendment falls short of preventing large banks from using H-1Bs brought into the U.S. by outsourcing firms like India-based Infosys (INFY), Wipro (WIT), and Tata, which are among the top recipients of petitions for the H-1B visa program. “Most of the H-1B use, and abuse, happens through relationships banks have with outsourcing firms,” says Hira. “I don’t think [the amendment] restricts them from working w those firms.” In other words, a bank could still legally force a laid-off American employee to train a replacement worker who is on an H-1B visa.
A related provision was passed in the U.S. House on Jan. 21 as an amendment to a bill that passed to reform TARP.
That measure, introduced by U.S. Representative Sue Myrick (R-N. Carolina), prohibits TARP recipients from outsourcing call-center work to foreign companies. The bill has not yet been taken up by the Senate.
Rising unemployment is leading to more scrutiny of the H-1B visa program and its effects. On Feb. 1 an Associated Press story said that the dozen banks now receiving the biggest TARP rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions such as senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. And in my story earlier this week, I wrote about the controversy surrounding Microsoft’s efforts to lift caps on the number of H-1B worker visas while it eliminates 5,000 jobs.
בתגובה ל: זומנת לראיון? אנא עדכן #16145To: All
לא יודע. אני קיבלתי את שלי ביום שישי (יום עבודה כאן)בתגובה ל: זומנת לראיון? אנא עדכן #16141To: All
הדבר היחיד שאני יכול להמליץ לך, בעיקר בתקופה הנוכחית, הוא לפעול בניגוד מוחלט לאינסטנקטים שלך ולא להתעסק בזה בכלל.
הזימון לראיון לוקח הרבה זמן, בעיקר כשהשנה צפויה גאות שיא במספר האפליקיישנים.אני זומנתי לראיון שלושה ימים אחרי הדד ליין הסופי ואני רחוק מלהיות הסיפור הכי גרוע. מיותר לספר לך על איזה קירות טיפסתי וכמה שערות מרטתי בשלב הזה.
To: All
ואם לת עדות אישית על מה שאור הרגע סיפר-
אני בקשתי את ההלוואה שלי קצת באיחור(בירוקרטיה) ואל אף שאושרה עקרונית לא קיבלתי עד היום את מרבית הכסף למעט כ17,000 $ שאמורים להגיע אלי במהלך השבוע. למרות זאת לא קיבלתי בקשת תשלום אפילו פעם אחד מדארדן, דוחים עבורי את כל התשלומים ומגלים הבנה פנטסטית למצבי. לפי מה שהבנתי כבר בשבועות הקרובים ימצא פתרון למצבי ובינתיים אני מסתכל על חצי הכוס המלאה- אני אשלם פחות ריבית בגלל הדחיה הנ"לבתגובה ל: שאל את ארינגו: תהליך הקבלה #15981To: All
לכל מי שמחפש מידע על ועדת הקבלהראש ועדת הקבלה של דארדן, שרה ניהאר, מפרסמת וידאו בלוג(ובלוג) שיכול להיות מאד שימושי למי שיודע לקרוא בין השורות ולמי שמחפש מידע
להלן הקישור:
http://www.youtube.com/watch?v=RNsblW7EQMQ&feature=userTo: All
ובנימה פרקטית
לכל מי שמגיש אפליקיישן – ראש ועדת הקבלה של דארדן
שרה ניהאר מפרסמת אחת לזמן מה וידאו בלוג עם המון אינפורמציה
שיכולה לעזור.(לא מוגבל רק למי שרוצה להרשם לדארדן)להלן הקישור
To: All
היום בערב התקיים פסטיבל האוכל הבינלאומי של דארדן. הפסטיבל היה כיף עצום ובעיקר הווה כר פורה לחגיגה מרגשת של בינלאומיות. אני שמח לספר שהשנה גם ישראל הקטנה הקימה דוכן
צנוע עם דוגמאות לאוכל ישראלי (פלאפל ושות..)ותמונות מהארץ. הדוכן זכה לפופלאריות עצומה והיינו מופתעים ונרגשים לראות את התגובות של האנשים לאוכל ולתמונות מהארץ. מה שאני מנסה להגיד כאן הוא שחווית הMBA היא ממש לא רק ספרים והצעות עבודה אלא הזדמנות של פעם בחיים לחוות רב תרבותיות אמיתית לאורך זמן אם באמצעות הקייסים ועבודת הצוות ואם באמצעות ארועים כגון זה. אני כבר חודשיים בדארדן ואני מרגיש שיותר מהכל המיומניות, ה"רכות", הבינאישיות שאני מפתח כאן הן האלו שיתנו לי את היתרון האמיתי בעולם העסקיםאני מצרף לכם קישור עם תמונות שתוכלו להנות גם כן#
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