The World around Us. Любинская Н.А. - 7 стр.

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– on the one hand, on the other hand;
– in particular;
– It’s considered;
– This is partly right, but…
– It can be argued that…
Unit 2. MBA Schools
Lead in
1. What does the abbreviation MBA mean?
2. When did you enter the Economic Faculty?
3. Was there a competition?
4. How did the enrollment
*
change during the last several years?
MBA Schools Face Harder Times
After two decades of growing student enrollments and economic prosper-
ity, business schools in the United States have started to face harder times. Only
Harvard’s MBA School has shown a substantial increase in enrollment in recent
years. Both Princeton and Stanford have seen decreases in their enrollments.
Since 1990, the number of people receiving Masters in Business Administration
(MBA) degrees, has dropped about 3 percent to 75.000, and the trend of lower
enrollment rates is expected to continue.
There are two factors causing this decrease in students seeking an MBA
degree. The first one is that many graduates of four-year colleges are finding
that an MBA degree does not guarantee a plush job on Wall Street, or in other
financial districts of major American cities. Many of the entry-level manage-
ment jobs are going to students graduating with Master of Arts degrees in Eng-
lish and the humanities as well as those holding MBA degrees. Students have
asked the question: “Is an MBA degree really what I need to be best prepared
for getting a good job?’ The second major factor has been the cutting of Ameri-
can payrolls
*
and the lower number of entry-level jobs being offered. Business
needs are changing and MBA schools are struggling to meet the new demands.
(An Economist. 2004. 3 April)
*
Enrollment – the number of students admitted for the first year of a college or a University.
*
Payroll – a list of employees and amount of money to be paid to each of them.
7
        – on the one hand, on the other hand;
        – in particular;
        – It’s considered;
        – This is partly right, but…
        – It can be argued that…


                                   Unit 2. MBA Schools
Lead in
1.   What does the abbreviation MBA mean?
2.   When did you enter the Economic Faculty?
3.   Was there a competition?
4.   How did the enrollment * change during the last several years?

                       MBA Schools Face Harder Times
       After two decades of growing student enrollments and economic prosper-
ity, business schools in the United States have started to face harder times. Only
Harvard’s MBA School has shown a substantial increase in enrollment in recent
years. Both Princeton and Stanford have seen decreases in their enrollments.
Since 1990, the number of people receiving Masters in Business Administration
(MBA) degrees, has dropped about 3 percent to 75.000, and the trend of lower
enrollment rates is expected to continue.
       There are two factors causing this decrease in students seeking an MBA
degree. The first one is that many graduates of four-year colleges are finding
that an MBA degree does not guarantee a plush job on Wall Street, or in other
financial districts of major American cities. Many of the entry-level manage-
ment jobs are going to students graduating with Master of Arts degrees in Eng-
lish and the humanities as well as those holding MBA degrees. Students have
asked the question: “Is an MBA degree really what I need to be best prepared
for getting a good job?’ The second major factor has been the cutting of Ameri-
can payrolls * and the lower number of entry-level jobs being offered. Business
needs are changing and MBA schools are struggling to meet the new demands.
                                                   (An Economist. 2004. 3 April)




*
    Enrollment – the number of students admitted for the first year of a college or a University.
*
    Payroll – a list of employees and amount of money to be paid to each of them.
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