In Nicaragua there is an oversupply of young professionals who have postgraduate studies, but who lack the work experience that the companies require.
Generally companies demand professionals with masters degrees when they need to occupy high-level positions, where work experience and goals achieved in previous positions are the main differentiating factor.One of the problems that stands out in Nicaragua is the presence of a lot of young professionals with masters degrees, but who lack experience that is specifically demanded the contracting companies.
A professional degree used to be a guarantee of social mobility and prestige, but the current labour market pays little for some of them.
The labor market can be compared to the commercial market. Salaries are defined by the evolution of supply and demand. When supply is greater than demand, salaries are lowered and when demand is greater than supply, wages rise.
The MBA 2010 Rankings from AméricaEconomía highlight improvements in the quality of teaching and academic research.
Some of the aspects considered by the business, finance and economic analysis portal are:
- Effects of the financial crisis on Business Schools
- Competition for academic staff with a PhD or MSc
- Knowledge creation and sharing
- Dean profiles
The time and money invested in taking an MBA program provides good return over investment, according to recent study.
The job market values three things that are normally provided by these post graduate programs: greater problem-solving capacity, expanded business vision and personal contacts networks.
A study by professor Fitzgerald, from the Chicago Booth School of Business, concludes that "the return on investment of cursing superior studies in an executive's career can be as high as 900%, obtaining $13 for every invested dollar".
I was in Stanford two weeks ago, and I met Mrs. Alegria Salaices, Manager of Alumni Communities of Stanford. I think it might be interesting, if Stanford Alumni could start a Central America Regional network, to share experiences about our University.
Please get in contact to set up a virtual meeting for this year or the beginning of 2010.
In these times of crisis the need to be better academically prepared is more clear, and how to go about doing it requires an in-depth analysis.
Nancy Cueto, the director of International Development at IE University, notes in her article published in Americaeconomia.com: “Graduate studies are always a boost in any professional career, but the extra benefit depends on having the right focus and if the investment in this level of education is really more profitable.”
Changes in the world are happening more and more quickly, and business schools should adapt their programs at the same speed.
Among other issues, there exists the generalized opinion that ethics should be integrated across all disciplines. In an article in Americaeconomia com, it is noted that "it is not about a specialist talking about ethics, but rather that a professor of finance provides a vision for ethics in finance."
AméricaEconomía Intelligence stresses a combination of INCAE’s BS strengths in its special on the best business schools in Latin America.
The report published in Americaeconomia.com said that first place “was recovered by INCAE this year. INCAE is the Central American School that was founded with Harvard support, and the one that achieved the best balance of academic strengths, production and dissemination of knowledge, internationalization and network power; the four large dimensions we introduced in our methodology."
Panama and Guatemala will host the fairs where companies can evaluate the new Master in Business Administration graduates.
In addition to the two Central American countries, INCAE Business School conducted two Mini Professional Talent Trade Shows (Mini FTP) in Quito, Ecuador and Lima, Peru.
The Panamanian fair will on Tuesday, June 2 and the one in Guatemala will be on Friday, June 5.
América Economía’s ranking of the best business schools in Latin America in the production and dissemination of knowledge.
América Economía Intelligence published an advance of its 2009 MBA rankings, with the release of the top ten ranking in the category of production and dissemination of knowledge. In this specific sense, INCAE got the top spot, followed by the University of San Andres and the University of Chile in the second and third spots.
The International Classification of the Financial Times Executive Education ratifies that INCAE is within the top 50 business schools in executive education.
According to the study only 4 Latin American schools were able to get into the ranking. IPADE (Mexico), Fundação Dom Cabral and IBMEC São Paulo (Brazil) are among a total of more than 6 thousand that are currently active throughout the world.