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Monday, November 1, 2010

How to face the Reality: Our Economy Needs More Engineers and Fewer MBA’s

Recently, MBA has becoming a trend worldwide not only because of the high demand for a professional manager in the past but also because of the dream-worthy salary that you can have, at least according to some sources. We come, we learn but are we sure about what we will do in the future?



 The United States economy is in serious danger from a growing mismatch between the skills that will be needed for jobs being created and the educational backgrounds (or lack thereof) of would-be workers. That is the conclusion of a mammoth analysis of jobs data being released today by the Georgetown University Center on Education and the Workforce.
The new report says that the United States is "on a collision course with the future" since far too few Americans complete college. Specifically, the report says that by 2018, the economy will have jobs for 22 million new workers with college degrees, but, based on current projections, there will be a shortage of 3 million workers who have some postsecondary degree (associate or higher) and of 4.7 million workers who have a postsecondary certificate.
The colleges that most students attend "need to streamline their programs, so they emphasize employability," said Anthony P. Carnevale, director of the Georgetown center. Carnevale acknowledged that such a shift would accept "a dual system" in which a select few receive an "academic" college education and most students receive a college education that is career preparation. "We are all offended by tracking," he said. But the reality, Carnevale said, is that the current system doesn't do a good job with the career-oriented track, in part by letting many of the colleges on that track "aspire to be Harvard." He said that educators have a choice: "to be loyal to the purity of your ideas and refuse to build a selective dual system, or make people better off."
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Above all, do we really have to learn something that we don't know whether it will help us with our future?


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