Most people I know of that are out of work have decided to go back to school, either to law school or a PhD.

Ditto. My MBA application goes in on Tuesday. I'm hoping that the investment will pay off in a better market two years from now. And that I'll be able to pay off the bill from a higher salary. Anyone know where I can get a scholarship?

I beg to differ...

There are many jobs in this country... but folks are only thinking about the big three - Hotel, Banks or Government.

What about Bristol or Burns House...
In good or bad times, these businesses make lots of money....
The market is not only for tourists but locals as well..... We Bahamians love to drink..

I'm wondering about the future of Bristol as Bacardi is now closing. Anyone know how this will affect things there?

In fact, no matter how "bad" the economy gets, these three businesses will still make a profit

1. Wines & Spirits ( Brisotl, Burns House)
2. The Numbers Business
3. The Church

just my three cents

Seriously, if you're working for a liquor store/distribution, your job may still not be secure, no matter how much that entity makes; and unless you related to the numbers man, don't count on that either. Nassau has too many churches as is, and these people aren't really called by God, just money. The potential to earn via the church is awesome, but just as unsavory.

1. I Believe we will find all jobs available are already taken by foreigners and the ads in the paper are just a formality.

2. Bahamians do not really wish to work full-time

3. Refer back t 1 and 2

I'm wondering about the future of Bristol as Bacardi is now closing. Anyone know how this will affect things there?

Bristol will do just fine, judging by the deep pockets that run the company unlike its competitor. Looking at the market, Bristol has a good product and the atmosphere is more pleasant compared to the typical Burns house experience.
The margins of profit is always grossly higher on wines & spirits than beer... and this is where Bristol rein supreme.

Seriously, if you're working for a liquor store/distribution, your job may still not be secure, no matter how much that entity makes; and unless you related to the numbers man, don't count on that either. Nassau has too many churches as is, and these people aren't really called by God, just money. The potential to earn via the church is awesome, but just as unsavory.
Is any job really secure? The only point I am trying to make.. is that these three entities have the odds in its favor regardless of the fickleness in the market. Just my two cents

I'm wondering about the future of Bristol as Bacardi is now closing. Anyone know how this will affect things there?

Bristol will do just fine, judging by the deep pockets that run the company unlike its competitor. Looking at the market, Bristol has a good product and the atmosphere is more pleasant compared to the typical Burns house experience.
The margins of profit is always grossly higher on wines & spirits than beer... and this is where Bristol rein supreme.

Seriously, if you're working for a liquor store/distribution, your job may still not be secure, no matter how much that entity makes; and unless you related to the numbers man, don't count on that either. Nassau has too many churches as is, and these people aren't really called by God, just money. The potential to earn via the church is awesome, but just as unsavory.
Is any job really secure? The only point I am trying to make.. is that these three entities have the odds in its favor regardless of the fickleness in the market. Just my two cents

Bristol, bunch of Cheap Bastids like everyone else on this island. :hammer:

People selling Liquor are killing Bahamians, they just as bad a s DRUG DEALERS .. :hammer:
They too stupid to do any other job that is worth while :hammer:

Ditto. My MBA application goes in on Tuesday. I'm hoping that the investment will pay off in a better market two years from now. And that I'll be able to pay off the bill from a higher salary. Anyone know where I can get a scholarship?

Unless you get accepted to the right school, you're wasting your money and time.

Little Fisherman:

Number 2 is sad but true. Bahamians operate on a 30 hour work week even when they're paid for 40.

Two words. GRAND BAHAMA!!

Would think about it.

What do you think of a Federation? Groups of islands under a regional adminstration providing the rudimentary infrastructure and support at least?

Its our culture for the most part and not our administrative system. Its our approach to the issues and not the structure around the issues.

Unless you get accepted to the right school, you're wasting your money and time.

The right school? That sounds expensive.

The right school? That sounds expensive.

Just google "Top MBA programs" or "Top Business Schools".

They are expensive, but if you get in you could quality for a loan - most of these schools realize that their graduates can or will earn more than enough to pay off their tuition in a year or two.

But this is the catch 20-20 scenario many find themselves in, including myself.

Presently, I only have a Bachelor Degree with summa C.um Laude credential. I had the opportunity to spend several years in America and in Europe gaining coveted international experience before returning to the Bahamas just a few months ago.

I managed to secure a senior position, that syncs well with future career goals.
Eventually, I will be attending an Ivy League MBA program ( Harvard, Wharton, Yale, Dartmouth...etc)...

However, spending north of $150K for two years leads an individual with no other choice but to set his or her sights and future plans far away from the Bahamas... continuing the cycle of brain drain...

But this is the catch 20-20 scenario many find themselves in, including myself.

Presently, I only have a Bachelor Degree with summa C.um Laude credential. I had the opportunity to spend several years in America and in Europe gaining coveted international experience before returning to the Bahamas just a few months ago.

I managed to secure a senior position, that syncs well with future career goals.
Eventually, I will be attending an Ivy League MBA program ( Harvard, Wharton, Yale, Dartmouth...etc)...

However, spending north of $150K for two years leads an individual with no other choice but to set his or her sights and future plans far away from the Bahamas... continuing the cycle of brain drain...

Perhaps you should have stayed......I came back due to visa issues. But, have the option to return to Europe by years end.

If I can't break in solidly to get my ball rolling, I have no choice if I would want to do better for myself. What digs at me however, is that we have people, with barely an HS diploma, working in 40-50k jobs right now- some even higher.

People have said to me through my MSc. stint "oh, no, come back home...you can find a good job"; mother, former girlfriend, her friends and even a school mate of mine, who was in Uni the same year I was just recently "oh, you can find a job...its not like that in the Bahamas"- she has a job now. A high profile entry position too. Right out of Uni in a place of power, you would only be able to dream about- in fact, she was working before she left Uni...I have been here for about 5 months now and NOTHING. A few interviews, a promise here and there from the civil service and private entities- nada. I did all the neccesaries...send applications in a few months before I was scheduled to leave, spoke to people at my own expense from abroad...set up telephone meetings with folks. Nothing. Nothing but airbagging and "restructuring talks"....all the same time, my bills are piling up. No one's fault but I have an urgency, to get some money coming in...

For frigs sake, I can't even get my business started- which is something I had planned to do by mid-year. You know exactly how Bahamian businesses and professionalism is---you need to get planted solid, or else nothing is happening for you or your business; advertisement and money to roll around to events- wthout putting yourself in debt unneccesarily and not to be flim flammed around by the BAIC or the Development Bank. That's on hold, needless to say- for now and hopefully only shortly. Credit squeeze has got the country and simply no money of my own- God has strung me along this far, so, I can't complain. But, this country is supposed to be doing, BETTER! I don't see it.....as with the stop, review and cancel, hehehehehehe, God has me on stop and review- I hope to God not cancel!
:taped2:....hehehehehehehe

The labour market is way distorted in this country. Its not for someone who is outside of the loop, or not a foreigner.

That's the way I see it.....

Just google "Top MBA programs" or "Top Business Schools".
They are expensive, but if you get in you could quality for a loan - most of these schools realize that their graduates can or will earn more than enough to pay off their tuition in a year or two.

Getting the loan seems to be another hurdle. Since the docmestic programs are so "cheap", qualifying for amounts higher than average is proving challanging. Also, these banks here treat these as consumer loans, i.e. 14% rate of interest. Is it possible to qualify for a US loan as a non-resident? Anyone ever tried?

Paradise Found:

A catch 20/20?? Do you mean catch 22??

BAHMIA:

Have you taken the GMAT?? Depending on your score - the price tag will not be an issue. Well, I think your undergrad GPA and interview might have something to do with it. Or, just go straight into a PhD program then after two years opt out for the master degree. Also, some universities offer a one year program - an Ivy league university isn't necessarily the way to go. For example Austin and Indiana University have top 20 programs and their graduates earn in the 110 to 140 range, right out of the program.

Paradise Found:
A catch 20/20?? Do you mean catch 22??
BAHMIA:
Have you taken the GMAT?? Depending on your score - the price tag will not be an issue. Well, I think your undergrad GPA and interview might have something to do with it. Or, just go straight into a PhD program then after two years opt out for the master degree. Also, some universities offer a one year program - an Ivy league university isn't necessarily the way to go. For example Austin and Indiana University have top 20 programs and their graduates earn in the 110 to 140 range, right out of the program.

European and Asian MBA's are worth your nickel and dime as well. Particularly in India, China, France, Spain and Oxbridge....central London as well; Cranfield, LBS and Imperial.

Thunderbird and Darden have good program's as well as Carnegie Mellon.

Alien- where u been? there has been an unemployment problem in the bahamas i would say since the late 90's.

why? becuase nassau is the bahamas and the bahamas is nassau.

nassau is only so big with so many jobs, it pains me that the leaders of the bahamas are doing NOTHING to address the fact that nassau, bahamas is TAPPED OUT. IT IS MATURED. and sticking bahamar, tiger woods crap, and atlantis phase 100 is only going to agrivate the problem.

every year the bahamian work force grows by literally 3-6 thousand. thats thousand.

i still contend that both governments are either lying about the unemployment rate or they are not measuring properly. an outside firm needs to come in and measure the unemployemnt.

why? becuase yet again these jobs are filled with people who dont know nothing, they only their based on favours

as said in a previous thread what ever little trickle of oppurtunity is left is snapped up based on who you know not what you know. hence the reason your friend got a job.

i would say 1 out of 10 university students that rreturn to the bahamas gets a fair shake. hence the reason most does roll out after a while.

presently the majaority of bahamians going to further their education is wasting their time unless they are nurses, teachers, doctors, or lawyers. anything else you wasting your time.

its so sad that most bahamians are so blissful unaware of the state of unemployment that they gleeful rejoyce plenty jobs roun here.

on the non higher education level. there are plenty hotel jobs however bahamians would be surprise to know how many people in nassau in those hotels only working 2 and 3 days per week. so yeas there are some periods where they are making money but when you average it out over they year. these people aint making no money.

over all you are dead on the money, there are no jobs in the bahamas