Andrew Newton 
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The results are in on who MBA students regard as their future employers of choice.
Following a financial crisis that is expected to result in over 55 million people thrown into extreme poverty and starvation, and to result in the deaths of hundreds of thousands of infants before their first birthdays, working in investment banks might have lost its sheen, no?
No. The latest IDEAL employer survey finds that Goldman Sachs and Morgan Stanley have come in as 3rd and 14th most popular choice for future employer. Both these firms are under investigation for alleged fraud involving the mortgage derivative products that provide a crucial link in the causal chain that led to the crisis.
And remember that movement for an MBA oath of social responsibility in business? That, also, now begins to look like a fleeting moment of conscience.
Looks like it is back to business schools as usual.
While the NOTHING PERSONAL project continues to put a face on the more obvious pain inflicted by the global financial crisis, new research details trouble beneath the surface.
On APEsphere we have often noted the negative impact on happiness of contemporary business practices, but the global recession has made the problem all the more acute within the workplace itself.
According to the research by UK mental health charity MIND, one in fourteen British workers is now on anti-depressants. Other findings include: 10% have seen a doctor as a result of work-related stress; 8% left work last year because of job-related stress; 5% of staff have seen a counselor; half of those questioned reported staff morale as low; antidepressant prescriptions rose from 35.9 million in 2008 to 39.1 million in 2009.
Meanwhile, research by the Shaw Trust found that half of UK managers think their staff do not suffer from mental illness.
Mooted solutions include:
- ensuring staff take breaks
- giving staff opportunities to raise concerns without fear of reprisal
- better availability of psychological therapies as well as medication
- counselling services
- more innovative approaches, such as BT's vegetable garden
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