|
|
MBA Tales: Searching for Work in a Recession
When members of the MBA Class of 2009 descended on business school two years ago, their expectations were high. The classes before them had been showered with high-paying jobs and lucrative benefits packages upon graduation, and the '09ers had no reason to think that things would be any different for them. But soon after they set foot on campus, things began to change. The economy tanked, internships weren't as easy to find, fewer students came back for their second year with a job offer in hand, and the on-campus recruiting pipeline dried up. Those who were lucky enough to secure a job offer were constantly worried that their start date might be pushed back, or worse, that the offer would be rescinded altogether. Now, a month after graduation, many are still looking for full-time employment.
To the MBA Class that graduated in 2002, the experience sounds eerily familiar. They were the ones who witnessed firsthand what September 11, Enron, and the dot-com bust did to the job market during their two years in B-school. At some schools, five and six job offers to each student dipped to one offer per three students. Many had to put dreams of switching careers on hold. Others accepted positions that were lower on the corporate ladder than expected. For some it took more than a year to find a job, but they survived to tell the tale.
Comments (0)
Add Your Comment
|