I picked up a copy of a hefty study just out called "Are They Really Ready to Work?" It lays out in detail what employers think of the next generation work force. Bottom line? They don't think much of the people entering the work force now and don't have much faith in the ones coming into the force over the next 10 years. Not only are these future workers considered deficient in basic skills like math and written and oral communication but they come up short in skills employers find vital to meet the demands of a knowledge based economy. Even 20 years ago, the value of a company was in brick and mortar - its buildings and inventory. Today, 80% of a company's value rests with the knowledge of its workers.
If you want to play on the "A" team in business now, you'd better be nimble. You'd better be quick. You'd better know a dozen ways to get over that candlestick. You should be able to play well with others. You've got to be a critical thinker, have a passion for lifelong learning and a strong sense of ethics. Don't have those skills? Then consider yourself benched.
And if you lack the key competency - an ability to innovate - you're dead in the water. Businesses don't want you. Today's leaders peg the ability to innovate as the single most important skill in maintaining U.S. competitiveness. In short, businesses are looking for people who are inventive and original. And they're not finding many, even among recent grads. So if you think you're prime meat for today's business market simply because you're armed with an MBA, don't be too cocky.