Not all jobs are created equal–Bill Aulet and Fiona Murray

MIT Sloan Prof. Fiona Murray

From the Boston Globe

October 17, 2012

We heard the presidential candidates discuss their views again Tuesday night, and it is clear that they agree on at least one thing: jobs and job creation policies are critical to the future of the economy. Yet like many politicians, policy makers, and pundits, the candidates continue to gloss over what both men certainly know to be true: Not all jobs are created equal.

Based on our work at the Martin Trust Center for MIT Entrepreneurship, we see two clear and distinct routes to new job creation.

MIT Sloan Sr. Lecturer Bill Aulet

There are small- and medium-sized companies created to offer traditional goods and services to a local or regional market. Think “mom and pop” operations. They include your yoga studio and the pizza place down the street. While valuable to the economy in general, these companies are not large enough to serve as a growth engine for the entire economy. They do, however, offer important opportunities for employment and provide valuable services. Read More »

John Minahan on Action Learning: How Master of Finance students apply classroom skills to real problems

MIT Sloan Sr. Lecturer John Minahan

MIT Sloan Sr. Lecturer John Minahan

How has the 2011 European sovereign credit crisis changed the pricing relationship between sovereign bonds and credit default swaps written on those bonds? Why do 401(k) investment options offer daily liquidity when such liquidity is expensive and unnecessary? If one wants to back-test a long-short investment process, how should the fall of 2008 – when shorting in many stocks was banned – be treated in the back-test?

These are just a few of the many fascinating questions our Master of Finance students will study in the 2012 Finance Research Practicum. The Practicum is an action learning course in which students work on research questions posed by external clients, clients for whom an answer to the question is a key element of an important business decision.

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