The economic climate has brought with it a very competitive graduate jobs market, and many graduates are now looking to start their own businesses instead. MBA graduates are reaping the advantages of the recession, which include cheaper premises, less temptation to overreach with borrowing, and learning how to manage a business on a budget, the Times reports. Andrew Burke, director of graduate programmes at Cranfield School of Management, told the publication that research is being conducted which shows that it is more beneficial to start a business when the economy is in a trough, rather than a peak. He added: "Usually, very few would start up on their own straight after an MBA - it would be as low as seven per cent. But this year between 12 and 15 per cent are going it alone." One of those is Jason Millard, who has set up his coaching service Capitalise Change after graduating from Cass Business School in London. "People thought I was nuts but it turned out to be perfect timing," he told the newspaper. Technical entrepreneurs from Edinburgh University have recently received a boost to setting up their own businesses after the higher education establishment announced £29 million worth of funding.
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