The MBA curriculum: Steering a new course | The Economist
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I found this article extremely interesting, considering most of us are seniors trying to figure out what we are going to do after we graduate college. The article discusses how business schools are adjusting their curriculum a year after the collapse of Lehman Brothers. Many prestigious business schools are facing heavy criticism because many of their alumni were involved in the collapse. A few of the schools are trying to transform their institutions into progressive institutions that are leaders of the economic world rather than the teachers of the actors.
3 comments:
Many institutions have had to adjust their infrastructure in response to the economic downturn. Academia has always been a key contributer to a nation's prosperity and it is fascinating to read they too are adjusting to these tough times. We constantly read in the news about the numerous efforts the government have made to overturn this economic slump. It is great to read that graduate schools are doing their part by revamping curriculums that pertain more to our current economic state of health.
Great post Allison - I agree fully with what Taleb said. The academic field has always been a key contributor to the nation's overall success and it is pretty cool to learn about how certain institutions are reacting to this new idea of curriculum change. I thought it was very interesting to learn that Columbia Business school set up two new modules focusing on the future of finance, as well as the collapse of the auto industry. I think this will give the students are real understanding about what happened, and how we can hopefully avoid something like this from ever happening again
It is absolutely essential for graduate institutions to adjust their teachings given the current economic turmoil. Nobody wants their reputation to be faltered because some alumni made some poor decision making. I think it is important for some of those institutions that worked at Lehman Bros. to take partial blame for their alumni being too complacent and greedy. Just like our economy is going to learn from the mistakes that happened over the past year, these graduate institutions are going to work just as hard to make sure their institutions prepare their students for these types of situations and make sure something like this does not happen again. It will only make those institutions stronger and better in my opinion.
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