Thursday, November 27, 2008

the impact of financial crisis on MBA

A lot of people asked me how the global crisis affect a MBA. In fact, the impact is much bigger than expected. A lot of companies canceled their campus recruiting, while even companies came are hesitated to give a full-time offer. I heard a lot of consulting firms only hire one or two people in a regional office, which is much fewer than they used to hire. Not to mention banks and private equities. I had lunch with a friend today, and our conclusion is that the MBA job market will not recover quickly even if the economy turns better.

People started talking about how difficult to get a job now, though Stanford MBAs don't usually take the offer from campus recruiting. Entrepreneur career seems more attractive since at least you can start cheap. Luckily, I am on this trek.

No comments: