MBAs Confront a Savage Job Market
Adam Rosenberg did everything right. He got into a good school. He landed a great internship. He was even vice-president of two MBA clubs and a graduate teaching fellow. But when it came time for companies to hire this year, the 2009 graduate of New York University’s Stern School of Business (Stern Full-Time MBA Profile) was surprised to find out how little it all mattered. Says the aspiring real estate asset manager, now seeking employment: “I had to accept the fact that I was going to graduate from a top 10 business school without that job.”
He’s not alone. This spring, hundreds of unemployed business school students were likely thinking the same thing. Though it’s no surprise with the economy still on life support and national unemployment numbers still on the rise, MBA students have found
According to the latest data reported to BusinessWeek, 16.5% of job-seeking students from the top 30 MBA programs did not get even one offer by the time schools collected their final fall employment data three months after graduation. Last year that was true of just 5% of students. And despite the meteoric rise of salaries over the past several years, starting pay was down this year for the top 30, dipping from roughly $98,000 in 2008 to $96,500. For many programs, it marked the first time since the tech bubble burst that salaries didn’t increase. Signing bonuses, too, fell both in value and quantity.
Read More At businessweek
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
DeliveryEdge Tumbles Into The Deadpool
GM: The Case Against a Bailout
Yahoo Fat Farm: How Many People Does Yahoo Need To Fire To Get "Fit"?
Intuit buying Mint.com for 170 mln dlrs
Surviving The Storm
Comments
No comments yet.
Leave a comment