How Will Wall Street's Shortcomings Redefine The MBA Curriculum? - A blog by Aman Singh
Aman Singh is the CSR Editor at Vault.com, where she focuses on how corporate diversity practices and sustainability translate into recruitment and strategic development. Her blog, In Good Company, discusses on many of these issues.
How Will Wall Street's Shortcomings Redefine The MBA Curriculum?
In November last year, MBA candidates at three business schools across the country decided to initiate oaths of ethical conduct for all graduating students. While the oaths were student-sponsored, these almost-socialistic self-administrations rang hollow amidst a recession. As I wrote at the time, it spoke of an identity crisis for business schools, which were beginning to look inwards at their curriculum for reasons behind the failed leadership on Wall Street.
Management curricula at business schools have always been the subject of much debate and discussion. It has had to modify and adapt to constantly changing economic demands but 2010 might just be the most game changing yet. As co-blogger on Forbes.com's CSR blog, and Director of the Allwin Initiative for Corporate Citizenship at the Tuck School of Business, Patricia Palmiotto wrote recently, "Students learned these [corporate responsibility] are not simple or insignificant words and if leaders don’t pay attention, then the ice cream dripping down their chins will be the least of their worries." She was referring to a debate between MBA students at Tuck about Goldman Sachs' current situation, which many continue to regard as the poster child for the increasing lack of ethical conduct on Wall Street.
