Word: mba
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...sustainability, which is through philanthropy efforts, is ineffective. “It’s kind of silly. Why do you have to do your good stuff on the side? Why can’t it be part of who you are?” he asked. Some MBA students were surprised—and reassured—by Werbach’s pro-business tone. “It’s interesting he advocates that the way to move forward is to be agents of change within organizations,” said Jenny Chiu, a second-year MBA...
...those who have never faced a prolonged market decline. Andy Chan, Assistant Dean and Director of the Career Management Center at the Stanford Graduate School of Business, says he sees some students going through a kind of grief cycle, first coping with shock, then denial and disappointment. Many current MBA students graduated from college as the tech bubble was bursting, Chan points out, so they're frustrated at the prospect of once again graduating into a cold job market...
...between their first and second years of school, MBA candidates typically intern in the hopes of securing a promised position after graduation. But this year, more students than usual are in a holding pattern, even after successful internships. Firms want to see how the economy looks at year's end before committing to a new class of recruits. "There's likely to be more 'as-needed' hiring," says Regina Resnick, Assistant Dean at the Columbia Business School, where about half of the graduating class typically pursues employment in financial services, whether in venture capital, private equity, investment banking or something...
Here are some other trends affecting MBA grads in the current climate for better or worse: •Opportunistic Recruiting MBA career advisers say smaller firms and boutique investment companies are taking advantage of Wall Street's weakness to try to snatch up the smartest young talent. • Geographic Retrenchment Some financial firms that do have slots to fill this fall will cut back on the number of schools they visit. Rather than covering all corners of the country, some firms are focusing on a smaller core group of schools. That may hurt schools further afield that ordinarily benefit from companies...
Postscript: I'm witnessing the MBA scene firsthand this year as a second-year MBA fellowship student at the Columbia Business School. Even as my classmates relish their classes and the study-hard, play-hard nature of school, some sound concerned when the subject turns to their job hunt. At the Harvard Business School, a second-year MBA candidate recently posted a blog entry poking fun at the euphemisms business school students use to explain why one internship or another hasn't yielded a full-time offer. What they say is "There wasn't a cultural fit," or "I wouldn...