Why MBAs are Going East | Hacker News Reader

Why MBAs are Going East

businessweek.com

16 pointsknown12 comments

Article summary:

Because it’s where the money is (supposedly). Each era of MBA graduates have their defining characteristics. The ’80s conquered Wall St, the late ’90s conquered Silicon Valley, and now they’re off to dominate Asia. MBA graduates taking jobs in Asia has doubled in the last 5 years, growing from 5% to more than 10%, and it’s the promise of rapid growth which is drawing them there. Experts say the percentage of graduates taking international jobs typically increases during a recession, however the number of graduates now asking for assignments in China, Vietnam, and India right now is unprecedented.

The geographic arbitrage is paying off well for these MBA grads, allowing them partake in the upper-crust Manhattan type lifestyle of having food delivered to them daily, maids clean up after them, and skipping around to different Asian cities, all for the cost of living in the cheapest of cities in the US.

Chinese firms didn’t used to recruit talent from United States universities, but that is starting to change. Large Chinese firms are showing up at recruiting events at America’s top business universities in increasing numbers.

http://hnsummary.com/2010/03/29/why-mbas-are-going-east/

The job candidates and recruiters may be leaning in the direction of Asia. The experience once they get there may be underwhelming. I know many young investment bankers in Shanghai that have lost their high paying jobs in the last year with no outlook for improvement. The major finance hubs in Asia are anything but cheap for comfortable Western standard living.

Now this seriously has to be some of the best news. Ever.

What more could MBA's do for us, but to all leave for east, thus ensuring another century of western dominance.

On same note... Now I'm convinced that China will be the next bubble to burst.

"Looking to trade: American MBAs for Chinese hackers."

My thoughts exactly. This is just the sort of subterfuge needed to level the playing field while the US catches up. The MBAs can spend the next few decades pillaging the Asian economies, and in the meantime we will lead a relatively peaceful and prosperous existence, free of the Lehmans, Bears and AIGs.

Well, one can wish anyways :)

Because they've sucked dry their hosts in the West, and globalism allows them to move on to another region.

With "vertical transmission", a parasite must stick around to deal with the consequences of its actions to the host, so such arrangements evolve into benign symbiotic relationships.

With "horizontal transmission", a parasite is free to kill its host and move on to another. Such parasites are noted for their virulence.

Most of the evidence used in the article was focused on MBA's attempting to get into China. Is there a serious demand for MBA level jobs in India/Vietnam, by non-native MBA grads? I mean, going to Vietnam after dropping 100K on b-school would a pretty big risk IMO.

"If you ever want to be at a C-suite, you have to have a global skill set and you have to have significant international exposure,"

Can someone translate this? What does it mean?

Corporate doublespeak is a revolution in communication. It means that anyone with even a weak command of the language can make it in corporate America.

I think it is inspiring.

"If you ever want to be a CxO, you have to have experience working overseas."

I don't know why they're going, but seriously, if they all want to stay over there we won't miss them.

Wahoo!!!

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