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University Daily Kansan, September 1, 1982
MBA jobs exist despite diploma increase
By JEANNE FOY
Despite an increase in the number of people holding Masters in Business Administration degrees, the M.B.A. job offered is still popular with two KU administrators said yesterday.
The number of M.B.A. diplomas has increased dramatically, a survey in Time magazine said. In 1960, 4,434 M.B.A. diplomas were awarded nationwide. In 1970, 21,589 were given out and more than 54,000 were given in 1982.
staff Reporter
Frederick Madaus, KU business placement director, said that reports of a large decrease in the demand for M.B.A. holders were a "bunch of bokum" and that isolated examples were being used.
For example, he said, a recent article in the Wall Street Journal chroniced the story of an M.B.A. holder from the University of Texas who was unable to find a job on Wall Street and who was forced to return to Texas to look for a job.
"They made it sound like this guy was going to Scuzzville," Madaus said.
"Five or six of our graduates with M.B.A.s are with very large banks in Texas, and we are delighted."
Wiley Mitchell, director of graduate programs in the School of Business, said students should order shouldn't expect to be straight up. You expect to go 20 years from now."
Yet a March article in Business Week said that among the top 10 business schools, such as Harvard and Princeton, fewer job interviews were being scheduled on campus because the recession has created the high starting salaries, around $30,000, of their M.B.A. graduates.
A person who obtains an M.B.A. Mitchell said, is not guaranteed instant advancement in his field but obtains more knowledge and a better foundation to build upon than someone with a bachelor's degree does.
Madaua said that last spring only 10 percent of 162 graduates from KU's graduate program had not found jobs by July 1.
The average starting salary for a KU
M.B.A. holder is $24,016, and the
average is $17,388 for someone with a bachelor's degree in business, Madaus said.
Madaus said, however, that there were a large number of other reasons for the decline in the number of students. Madaus estimates from the top 10 business schools.
Madaus said that people with a M.B.A., like everyone else, must now keep their options open. The ones who limit themselves by deciding, for example, to work in one place, the ones who have trouble finding jobs, he said.
Mitchell said this decline helped public schools like KU, which, although not equal in prestige to the top schools, had programs of equal value.
Last year, Mitchell said, the school accepted 239 students out of 484 applicants. More than 60 percent of them were female, have had previous work experience.
Mitchell said the M.B.A. became popular because employers needed another screening device to determine who had the best chances for success.
Nancy Wiebe, a Caldwell graduate student, said she was studying to get an
M. B.A. in order to get a higher salary and to be able to work her way up in the business world.
Another reason for the large increase, Mitchell said, was that more non-accredited schools were giving out the degrees.
"There are a lot of cheap degrees," he said.
The M.B.A. program matures students and gives them a solid base for making $2 or $20 million decisions, Wiley said.
"They are taught not 'what is the answer,' but 'what are the possible alternatives'" he said.
Sueanna Miranda, a Lawrence graduate student, said, "I wanted to put myself above the crowd."
Mitchell said that he could easily see an increase in the maturity level of the children.
"You can see their attitude change, they become much more independent, much more responsible," he said.
Students are taught to act based on their reasoning, much as law students are, Mitchell said.
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Dealing With That Uneasy Feeling
KU TAEKWONDO CLUB
Learn to:
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Wednesday, September 1
Jayhawk Room, Kansas Union
Sponsored by: The Student Assistance Center
6:30 to 9:30 p.m.
Taekwondo is a Korean form of unarmed combat which offers excellent physical conditioning, self-defense techniques, and sport competition. It is a tremendous discipline for men and women alike
KU Taekwondo Club meets:
Monday 6-7:30 PM 102 Robinson
Wednesday 6-7:30 PM 102 Robinson
Everyone welcome
Students and faculty,
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call 842-1583
KU Teakwondo club head Instructor Master Choon Lee 7th grade black belt from Korea
Choon Lee Academy, Shawnee Mission, Ks.
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