Word: gwen
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...losing this job felt like falling off a cliff, Gwen said. I remember where I was last year, and I know Im still the same person; I still have that same capacity. But because the market changes, because your firm suddenly has all these implicit pressures on it, they just become ready to push you off the edge. They dont seem to care where youve come from, or where you can go in the future...
...students in the Class of 2002, the question has become just how distant those fifteen minutes might loom. In a year when the economy has plummeted and the whole country has been affected by terrorist attacks, Harvard students in their ivory tower have not remained immune. For students like Gwen are not alone. She says many students in her own firm have been demoted to secretarial positions and she knows of alums at Lehman Brothers, Morgan Stanley and Salomon Smith Barney who have lost their positions as well. But stress is nothing new for the typical Harvard student...
...beginning I just wanted to sleep during odd hours of the day, and I was almost ready to offer myself to the lowest bidding firm that would consider me for a position, Gwen said. However, with time I began to deal with these dramatic events by taking action to a degree that I never had before. I spend my time in the apartment, researching on databases, talking to others in my situation, and really looking into all the other options that could be out there for me in this industry. It really keeps me going knowing that Im not just...
...having a job is one of the most isolating experiences that I have ever endured, Gwen said. If you dont have a job, you dont even feel like a member of society anymore. I thought for a few days that that would be really hard in a community of employed and successful Harvard kids. But that hasnt been the case at all. This is happening to so many of us, and my peers from Harvard have been instrumental in helping to point me in the direction of valuable contacts My only fear with them has been that underneath...
...finding jobs in this market. According to Bill Wright-Swadell, Director of the Office of Career Services, 20 percent of students with e-recruiting offers in the Class of 2001 were deferred from employment for a year last spring, and things bode even worse for the Class of 2002. Gwen pointed to a phenomenon that is currently developing in the banking and consulting industries: companies without room to hire new students will layoff recent graduates to make room for graduating seniors. This trend stems from the intense need many employers feel to retain a relationship with Harvard and to keep...