Unemployed MBAs Turn to Entrepreneurship

2009-06-23 23:06:40 (GMT) (WiredPRNews.com - Business, News)

A number of MBAs are choosing to start their own businesses after graduation.

More out of work business school graduates are choosing to start their own companies.

Wired PR News - Press Release Distribution – More business school graduates than ever are turning to starting their own companies as opposed to seeking full-time positions at established ones during the economic downturn. As reported by BusinessWeek Online, a number of MBAs who’ve had trouble finding employment and some current students who foresee difficulty in finding work after graduation are developing their own business plans in response to the challenges posed by the recession.

Bernhard Schroeder, who directs the Entrepreneurial Management Center at San Diego State University’s College of Business, is quoted in the report as stating, “Students are looking out over the horizon and saying, ‘You know what, there may be no job waiting for me when I graduate… This recession is showing them that they can’t trust anyone with their career.”

In response to the increase, several universities have added program offerings that provide increased support for students seeking to start their own venture.

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