Word: mbas
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...example, says M. Scott Daubin, a former Student Association co-president and a member of the MBA Class of 2010, Light injected additional funding for the MBA Career and Professional Development Office to help soon-to-be MBAs find employment in a much-weakened job market and allocated a larger budget to subsidize the salaries of new graduates who chose positions at non-profits...
...failures in the financial sector took down the larger economy last year, many critics blamed the MBAs working at major financial firms for the current economic recession...
...MBAs so concerned with increasing their personal wealth that they ignore ethics and their responsibilities to society?” So asks the introduction to the MBA Oath, a code of conduct written and publicized by a group of second-year students at Harvard Business School this spring. By becoming a signatory, MBAs pledge, among other noble things, to “act with utmost integrity and pursue [their] work in an ethical manner.” As of yesterday, about 40 percent of the approximately 900 members in the HBS Class of 2009 had signed the online oath...
...According to psychologists James Konow and Joseph Earley, income really only provides happiness at the lower levels of the earnings spectrum—when paying for necessities. So MBAs and others who egoistically seek to maximize income as a path to happiness are likely taking the wrong approach. Unethical or immoral behavior as a means to increase income, therefore, is probably not the right way to attain overall happiness either...
...this research suggests that while there may be trade-offs between ethical behavior and the pursuit of wealth, morality no longer seems so difficult when we change the goal to be the pursuit of happiness instead. Perhaps the best way to encourage ethical behavior among MBAs is not to frame “acting in an ethical manner” as a sacrifice—in which wealth is exchanged for virtue—but rather as an opportunity for gain through happiness. Ethical behavior (just like unethical behavior) can be born of self-interest. For everyone?...