Why This Exact Moment is Probably the Best Time to Be in Business
While things are finally starting to turn around, the global financial crisis has still managed to alter some big preconceptions. Not any longer are the geniuses of financial engineering hailed as the best employees our society’s smartest people can hope for, and the essential thinking behind the economic status quo is being heavily questioned.
And here comes another inquiry: has the traditional idea of business degrees lost its worth? I’m here to say that the answer is a perfect no. Actually, the opposite has occurred.
Yep, an MBA Isn’t for Everyone
The market of the MBA and Wall Street geniuses haven’t suddenly become irrelevant, but they have unequivocally been reduced by the crisis. Not anymore are they the only opportunities for the young bright graduates. People are commencing to look at classic online business degrees like before.
For many recent years, if you looked to make money for yourself, you didn’t start your business. You entered the investment world. You became a day trader. You messed around with percentages of percentages that had no clear link to the actual market, because they’d been "worked over" so many times as to be unrecognizable.
Getting Back to the Basics of Business
But now, is that the road you want to take, still the direction that the enthusiastic young worker wants to take? Unlikely. In fact, we’re going to note a big uptick in business degree enrollment–small-to-medium sized business, for example. So this is the best time to get in on the ground floor.
The best and the brightest, the same people who would normally–if hedge fund management hadn’t come along–go on to begin successful startups after their education, they’ve all recently finished various finance degrees that are no longer perfect fits in a financial market that has no jobs for them.
Why A Recession Means It’s The Best Time to Be In Business
To put it bluntly, there has never been a more opportune moment to be in business. There have been easier times, sure, but if you take a look at the great depression, many of the most solid, durable organizations grew out of the fundamental ‘where do we go from here’-type thinking of that time in history.
So: if you’ve been considering a business degree, don’t put it off until everyone is exploding with energy and the markets is once again saturated with workers. Job losses have been very high for months. Literally tens of thousands of people, highly skilled people, have no jobs. You can have access to a better workforce than ever before.
What the Eventual Recovery Will Depend On (Hint: It Has Something to do With You)
When the turnaround arrives, it’s going to depend mainly on the work of real people doing meaningful business, not just crunching numbers designed to rake in ridiculous amounts of cash.
Get going: you’re already checking out the probabilities of a business degree. Look some more. There’s never been a nicer opportunity. The market isn’t going to stay in a recession forever, and when it eventually jumps back up, you want to be in the right spot to get the most of the benefits of your hard work. Find a degree, start studying, and do it!
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