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
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
"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
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