Competing with other graduates

Our graduates aren't competing just with graduates of other Big 10 schools, Wharton, MIT, and the rest. They are also competing with graduates in Vietnam, for example, who would work for a lot less money than our graduates:

World'Vest Base hires recent graduates with accounting or finance degrees, but no experience, for a starting salary of US$100...a month, little more than an unskilled factory worker earns in neighbouring China. [from this article]

Yes, I believe there's a difference between our graduates and the above graduates. And, yes, I believe that the difference favors our graduates. However, am I willing to say that our graduates are worth 40x as much in all cases? No, I'm not. I do believe that our graduates can prove themselves to be the superior long-term investment for many companies because of their potential for leadership and management.

Every BBA student should be able to answer the question "Why should I hire any Ross BBA and pay him or her $4-5000 per month when I can pay a company overseas much less than that to get the same work done?" I am guessing that the answer should do with the student's potential to advance in management, with the potential based on the student's demonstrated experiences in clubs and previous jobs. While developing these leadership and management skills, the student should be able to contribute to the daily work of the company with his or her analytical skills and ability to work in teams to complete projects and accomplish tasks. The quality of communication skills the student uses in presenting the pitch would be just as important to the potential employer as what is said because this is how the potential leadership and management skills would be expressed.

It is for the above reasons that I believe that leadership development and communication classes are among the most important courses that a BBA takes while at the Ross School. It is also why I believe extra-curricular activities are so important: they give students the opportunity to practice the leadership and communication skills that they are developing in class.