Posted by Clear Admit on February 19, 2009, at 2:30 pm
Posted in:  Events , MBA News , School: Northwestern / Kellogg The Black Management Association (BMA) at Northwestern University’s Kellogg School of Management hosted its 22nd conference this past weekend, February 20th through 22nd. The theme of the three-day, student-led event was “Global Impact: Creating a Competitive Edge in Today’s Marketplace.”
“We saw a great opportunity to leverage the BMA conference as a place to build the toolkit for success we will need to remain competitive in a global job market,” said conference co-chair Regina Gywnn ’09 in a statement issued before the event. “We hope the audience will leave gaining a new perspective or a different approach to business that they had never thought of before,” she continued.
Amid a historic economic meltdown, BMA members are more concerned than ever about maintaining a competitive advantage in the face of cutbacks at many companies. Conference panels examined opportunities for MBAs in industries ranging from sports to health marketing.
The current job market, coupled with the inauguration of the country’s first-ever African-American president, make this year’s BMA conference especially poignant.
On Saturday afternoon, the conference featured an executive roundtable discussion showcasing the rise of President Barack Obama. Some of Chicago’s most prominent African-American business leaders participated, and Gwen Ifill, managing editor and moderator of PBS’ “Washington Week,” moderated.
Participants in the roundtable discussion included Cheryle R. Jackson, CEO of the Chicago Urban League; Martin Nesbitt, president of Parking Spot; Quintin E. Primo III, president and CEO of Capri Capital; and Jim Reynolds ’82, co-founder, chairman/CEO of Loop Capital.
Additional conference panels examined the role of black MBAs in the sports industry, the impact of the sub-prime crisis on the black community, multicultural marketing within the healthcare sector and business opportunities and challenges for people of color in emerging markets.
To learn more about the BMA Conference at the Kellogg School of Management, click here.
Posted by Clear Admit on February 19, 2009, at 3:00 am
Posted in: Campus Chronicles , General Welcome back to another edition of Campus Chronicles! This week we take a look at Chicago Booth’s MBA student newspaper, Chibus, to uncover what is happening on campus.
Chibus announces the Chicago Booth Philanthropy Club’s upcoming 4th Annual Non-Profit Fair, which is a large showcase designed to enable students and non-profit organizations to meet one another. At this showcase, students may familiarize themselves with opportunities to get involved, whether this is as a consultant or as a board member for an organization. Last year’s Non-Profit Fair drew over one hundred students from a range of fields, and as a result, “some students have joined boards, some have participated in projects to increase fundraising, and others have simply shared moments with others in need.” Participating organizations this year include the Alzheimer’s Association, Chicago Cares, Chicago Children’s Museum, Habitat for Humanity, and Guild for the Blind. A former management consultant and the current Executive Director and CEO of Inspiration Corporation, John Pfeiffer will be the Fair’s keynote speaker.
Another exciting event also marks Chicago Booth’s event calendar: the first Media, Entertainment & Technology (MET) Summit in Hyde Park. The High Tech Group (HTG) and the Media & Entertainment Group (MEG) are putting their resources together to host this conference with the vision of “bring[ing] together visionaries, media consumers and inquiring minds alike for a daylong dialogue about the trends, technologies and threats at play in new media.” MEG co-chair Tanya Loh stated, “We feel this is an opportunity for Chicago Booth to build upon both our program’s and the city’s reputations as hubs for innovation and tech development.” The Summit, themed “Competing for Attention: Setting the Pace of the Media Space,” will include talks by both industry and academic leaders on future disruptive technologies, evolving consumer expectations, and the meaning of this “fragmented media landscape.” While Los Angeles and Silicon Valley traditionally appear at the heart of entertainment and technology, respectively, this event will illuminate how Chicago Booth is also a center for thought leadership in these industries.
Be sure to stay tuned next week for a new edition of Campus Chronicles!
Posted by Clear Admit on February 18, 2009, at 2:30 pm
Posted in: School: Stanford As the U.S. film industry prepares for its annual Oscars awards ceremony this Sunday, Stanford Graduate School of Business (GSB) has chosen the occasion to highlight the growth of arts and entertainment offerings on its campus.
According to a recent post on the Stanford GSB Admissions Blog, membership in the school’s Arts, Media and Entertainment Club is strong and growing, with more than 140 current MBA students. Club members have held positions at MTV, Disney, Universal and Fox, among other entertainment powerhouses.
This year the club has focused its energies on a new initiative, a series of speaker discussions called “Breaking into the Industry.” The series features campus visits by industry insiders to share their experiences and insights into specific industry functions, such as production, digital media and corporate strategy.
Stanford GSB also offers a “Leadership in the Entertainment Industry” course each spring. Taught by Bill Guttentag, a two-time Oscar-winning documentary and feature film writer, producer and director, the course is designed to help prepare students for careers in the film, television and cable industries while examining innovations taking place within them.
Students examine the process of project development, production and marketing, as well as emerging technologies and their impact on the industry. The course also looks at the many roles that play a part in the creating and distributing of film and television productions, including those of studio and television executives, directors, film and television producers, writers, actors, agents, lawyers and more.
Though the most recent employment reports from Stanford GSB Career Services show that only 3 percent of Stanford GSB graduates enter the fields of media and entertainment, the list of school alumni in prominent positions within the industry is impressive. Among them are Jeff Bewkes ’77, president and CEO of Time-Warner, Inc.; Micheline L. Chau ’76, president and COO of Lucasfilm, Ltd.; Yair Landau ’89, president of Sony Pictures Entertainment; Ali Rowghani ’02, CFO and senior vice president of strategic planning for Pixar Animation Studios; Tom Staggs ’87, CFO and senior executive vice president of the Walt Disney Company; and Andrea Wong ’93, president and CEO of Lifetime Networks.
To learn more about the arts and entertainment at Stanford GSB, click here.
Welcome to another edition of Wiki Wednesdays, featuring a few snippets from the Clear Admit Wiki! Before highlighting some of the new content MBA candidates have been adding to this online repository, those who still have experiences to share should consider the following:
- Between now and next Tuesday, February 24th, the first 15 candidates that submit interview reports for Chicago Booth, Duke / Fuqua, Michigan / Ross or NYU / Stern will receive a $10 iTunes gift card!
- Even if you haven’t interviewed at these schools, every fifth piece of content (e.g. a school choices comparison, an interview report for a different school or a campus visit account) submitted for the Clear Admit Wiki will receive a $10 gift certificate to iTunes. (Please note, to be eligible for a prize, content must be e-mailed to wiki@clearadmit.com. Limit: one gift card per person.)
Several applicants have already participated and, in the last week alone, candidates for seven different schools – including Chicago Booth, Columbia Business School, MIT / Sloan, NYU / Stern, UNC / Kenan-Flagler, UCLA / Anderson, and, last but not least, IESE – have shared their interview experiences in the Wiki! Let’s take a closer look at some of the latest interview reports…
An IESE candidate shared the following questions from an adcom member:
- Briefly introduce yourself.
- I noticed that you did not mention your wife. Tell me more about her.
- How was your childhood?
- Tell me more about your parents and grandparents.
- What do you know about IESE?
- What role do you normally take in a team environment?
Additionally, a Round 1 candidate for MIT / Sloan shared these queries from an alum:
- Tell me about something you’ve done that you’re proud of.
- Tell me about a time you failed.
- Tell me about a time you convinced others to follow your plan.
- What do you do for fun outside of work?
- What do you wish I had asked?
On the West Coast, a couple of Anderson hopefuls faced the following questions:
- Has anyone ever been critical of you in a work setting? How so? What do you now do to avoid doing it again?
- Give me an example of when you failed to accomplish an objective?
- What do you like about your current job?
- What do you do for fun?
- What types of clubs or organizations would you join at Anderson?
Thanks for stopping by Wiki Wednesdays and to all those who have contributed to the Clear Admit Wiki! Tune in next week for more highlights of the latest additions to the Clear Admit Wiki and, as mentioned above, keep those reports rolling in for a chance to win an iTunes gift card! Best of luck to those undergoing Round 2 interviews!
Posted by Clear Admit on February 18, 2009, at 3:12 am
Posted in: Poll
 Loading ...
Kenan-Flagler Business School at the University of North Carolina will lead development of the Reaching Out 2009 Lesbian, Gay, Bisexual and Transgender (LGBT) MBA Conference, designed to help connect companies with LGBT MBA students.
Kenan-Flagler’s bid to organize the conference showed “the most thoughtfulness in trying to move the conference forward in terms of content and networking opportunities for students,” said Elizabeth Davis, a member of the organizing committee for the 2008 conference and a second-year MBA student at Georgetown’s McDonough School of Business.
UNC Kenan-Flagler will work jointly with three other business schools to develop and organize the Reaching Out 2009 Conference, which will take place in October 2009 in Atlanta, Georgia. Other organizing schools include Emory University’s Goizueta Business School, Duke University’s Fuqua Business School and the Georgia Institute of Technology’s College of Management.
The conference has as secondary goals to build the LGBT community and heighten the visibility of this community and make it more a part of the general work experience. “Mentoring students is a big part of it as well – helping them to decide on future careers and learning more about each of the industries they might consider working for,” Davis added.
This year’s conference attracted 900 attendees and 80 companies, and hopes for the year ahead are to draw more than 1,000 attendees. The 2009 conference, open to all MBA students and alumni, will include the launch of a new workshop to support emerging LGBT student groups at business schools and to help expand an existing MBA admissions recruitment event targeting LGBT students.
Successful career panels from the 2008 conference will be repeated next year, including Media and Entertainment, Finance and Investment Banking, Entrepreneurship, Technology, Retail and Microfinance and International Development. Two new career panels, one focused on human capital consulting and the current direction in human resources and another focusing on nonprofit careers, also will be added.
Previous Reaching Out conferences have been organized by students at the business schools of University of Virginia, Stanford University, Columbia University, Harvard University, Purdue University, Northwestern University, Dartmouth College, the Massachusetts Institute of Technology, Yale University, Cornell University and the University of Pennsylvania.
To learn more about the Reaching Out 2009 Conference or to register, click here.
Posted by Clear Admit on February 17, 2009, at 2:54 am
Posted in: School: Northwestern / Kellogg , Trivia Tuesday Welcome to another edition of Trivia Tuesday! This week let’s take a look at Kellogg’s popular Global Initiatives in Management, or GIM, program.
Kellogg’s international programs are coordinated by the International Business & Markets Program, which runs the Global Initiatives in Management course, one of Kellogg’s most popular electives. Over two-thirds of Kellogg students enroll in the course each year, usually during the winter or summer quarters. Each class section chooses a country of focus, and individual students choose target industries or economic sectors to study. Recent courses have focused on countries on six continents, with students studying industries ranging from e-commerce and pharmaceuticals to ecotourism and microenterprise. The class then works with a faculty advisor to plan the 10-week curriculum, invite relevant guest speakers from the country and from campus, and organize an intensive 2-week study trip to the country at the end of the quarter. During the study trip, students meet with business and government leaders, conduct research on their target industry in preparation for a final presentation, meet Kellogg alumni in the region, and are immersed the local language and culture. Kellogg views the program as a cornerstone in its efforts to build students’ awareness of the global business environment.
In the summer of 2007, Kellogg ran several GIM trips. Among them, the GIM-South America class visited Argentina, Brazil and Chile to explore the forces driving South America’s economic and political development. The trip’s tagline: “Business by day, Samba & Tango by night.” Another 2007 GIM class traveled to Turkey and Dubai, enabling students to gain an invaluable understanding of two countries that will be critical to the expansion of European business in the years to come.
For more information on Kellogg’s international opportunities and special elective options, be sure to check out the school’s website or the Academics & International Focus sections of the Clear Admit School Guides!
Posted by Clear Admit on February 16, 2009, at 5:28 pm
Posted in: General , School: London Business School London Business School (LBS) today announced the launch of a new educational initiative developed for professionals in the global carbon and energy markets.
Through partnership with Point Carbon – a leading provider of news, analysis and consulting services for European and global power, gas and carbon markets – LBS hopes to create a comprehensive professional training initiative that will provide participants with a foundation for carbon finance, trading, analytics and risk management.
The new Carbon Finance and Analytics Programme was developed in response to ever-increasing attention to climate change and the resulting rapid growth of the global carbon market, both in terms of geography and financial sophistication. Proliferation of emissions trading schemes and substantial growth in the value of volumes traded is having wide impacts on the energy and equity markets.
The new program, drawing on the expertise of LBS faculty and staff and an extensive network within business and policymaking, will give participants unique insight into the foundations and operations of carbon markets.
Upon completion of the program, participants will be able to identify key carbon risks, develop and analyze carbon price scenarios and analyze the risks, performance and value of carbon offset projects. They also will be able to analyze interactions between carbon and energy prices, understand the policy risks of low-carbon investments and evaluate the implications of international climate negotiations.
“This year is crucial in establishing the future direction of the carbon markets,” said Professor Derek Bunn, academic director of the Carbon Finance and Analytics Programme, in a statement announcing the program’s launch.
“The emergence of carbon as both a new commod¬ity and asset class has introduced new and strengthened existing interrelationships reaching across the spectrum of energy commodities such as oil, gas, coal and power,” he continued.
The new program, which will be offered over four short seminars beginning in May 2009, is designed to provide the most in-depth, practical professional training available on carbon markets today.
“To be successful in this new market, it is crucial for business professionals to recognise its political motivations and institutional dynamics at the international, regional and national level,” Bunn said.
To learn more about the Carbon Finance and Analytics Programme, email energy@london.edu or cfap@pointcarbon.com.
Posted by Clear Admit on February 16, 2009, at 3:00 am
Posted in: Admissions Tips , General Though many business school applicants know exactly what they want to do – and how much they hope to make – after they graduate from an MBA program, a surprising number apply to school without thinking about how they’ll pay for this expensive degree. While some students do foot the entire bill themselves or receive scholarship support from the school or an outside institution, the vast majority of MBA students borrow funds to cover their tuition and living expenses. With this in mind, we wanted to cover some very basic information on loans for the benefit of both recent admits entering school this fall and early birds entry just beginning to think about their applications for Fall ’09.
The primary source of funding for U.S.-based applicants will be federal loans or alternative education loans. The main federal loans, available to U.S. citizens or permanent residents, are the Federal Stafford Loan (subsidized or unsubsidized), the Federal Perkins Loan and the GradPLUS Loan. Full-time students, usually those enrolled in two or more courses per semester, can borrow as much as $20,500/year through the Federal Stafford loan program. Perkins Loans are low-interest (5 percent) loans with a maximum annual loan amount of $8,000/year for graduate students. The Grad PLUS Loan can be used to pay for the total cost of education less minus aid you’ve already been awarded. Those interested in applying for federal student aid should check out the Free Application for Federal Student Aid (FAFSA). When federal loans are not enough, private loans can help bridge the gap in education costs. Students might contact their local bank or look into lender programs, such as SallieMae, Access Group or GradLoans, for details on borrowing eligibility.
International students are not eligible for federal loans, but may consider private loans as a financing option. The International Student Loan Program (ISLP), for instance, offers a credit-based loan of up to $45,000 to international students who are looking to finance their education in the U.S. However, as with most private loans, this loan requires a U.S. citizen or permanent resident to co-sign. International students can also visit International Education Financial Aid (IEFA) to search for funds (as can U.S. citizens planning on studying overseas). Finally, most of the leading MBA programs offer private loans to their students in partnership with a particular financial institution – some of which do not require a co-signer – so this might become an option after one is admitted.
Many need-based loans are classified as subsidized, meaning that interest does not accrue while the borrower is enrolled in a degree program (whereas interest begins to accrue immediately on unsubsidized loans). Typical timelines of loan repayment can extend from 5 to 30 years, depending on the lender’s conditions of deferral and the amount of funds borrowed. After graduation, students usually have a 6-month grace period before monthly repayment begins. While schools’ admittance packages usually include detailed information about financing the MBA, incoming students and applicants should not hesitate contact the school’s financial aid office for further information on available need- or credit-based loans.
Posted by Clear Admit on February 13, 2009, at 2:00 pm
Posted in: General , MBA News , School: Virginia / Darden Amid reports of a major business school recruiting slump, Robert Bruner, dean of the University of Virginia’s Darden School of Business, devoted a recent post on his blog to reassuring students that he is doing everything he can to drum up job opportunities for graduates.
“Last week, I wrote to all of our 9,000 alumni asking for their assistance in finding positions for our MBA students,” he said. Eight replies came in within an hour, 15 new job postings went up the first day, and more have been coming in each day since, he said.
 Darden Dean Robert Bruner works to generate job leads for students Darden also has launched a new program, “Generating Offers and Leads” (GOAL), in which students, faculty and administration come together to share leads, contacts and ideas with one another. Extending this program even further is a new lead-sharing website on the Darden portal.
Bruner is also taking his show on the road. “In my travels to every major city, I call on companies who have not recruited at Darden recently, or ever,” he wrote. So far this year he has visited 38 prospects, pitching the quality of the Darden program and students and inviting the companies to consider Darden students for employment. “Not one company has turned me down,” he wrote.
Finally, the school’s Career Development Center (CDC) is taking actions to make it easier for recruiters to meet Darden students. In late March, the CDC will participate in the Southeastern MBA Interview Forum with four other regional MBA programs. And in mid-April, it will host a Darden Career Fair near Dulles airport, attracting recruiters who might not make it all the way to Charlottesville.
Darden’s recruiting numbers do reflect that hardships most business school programs are reporting right now. According to Bruner’s post, 67 percent of second-year students have firm job offers, compared with 81 percent and 79 percent in 2008 and 2007 respectively at this time. “Would we like it to be better?” asked Bruner. “You bet. But in times like these, you have to play the cards you are dealt. And so far, our cards look pretty good.”
Posted by Clear Admit on February 13, 2009, at 3:00 am
Posted in: Fridays from the Frontline Welcome to the Friday the 13th edition of Fridays from the Frontline. On this day of superstition, we bring you the latest news from the MBA blogosphere. All of a sudden it is mid-February, and we find b-school applicants in various stages along their journeys. Some are rejoicing in recent acceptances, others are making decisions, while still others are waiting for news.
This week brings good news for ISB applicants. MBAlmighty is celebrating his acceptance into the ISB class of 2010! In addition, MissionMBA received news of his acceptance into ISB, but now must decide between ISB and Goizueta. For applicants who have already decided on a school, this is great time to get to know their future classmates a bit better. TieneyChesney shares his experience meeting CBS classmates and alumni at the CBS Alumni Club of D.C. Happy Hour. Mike has decided to join the Kellogg class of 2011 after a great time ‘drinking from the firehose’ at Kellogg’s admit weekend. D.G. shares an in-depth description of the alumni panels, scavenger hunts, and closing ceremony of the Kellogg admit weekend.
While some bloggers have made the decision already, others are still awaiting news. Choc Heaven has come up with a number of creative things to do while waiting, including baking and swimming! Ameya found out he was waitlisted at Darden and zapped from ISB but has shared the details of his ISB telephone interview. Omne has been waitlisted at UNC and is now experiencing the frustration of having to wait to decide between UNC and Wake Forest.
Turning our attention to first-year MBA student bloggers, Wharton ’10 tinydancer discusses ‘DIP,’ interviewing, and self doubt, but is fortunate to have received an internship offer! Darden ’10 Oren discusses the Darden learning experience and the improvement he has noticed in his class discussions. McCombs ’10 paragon2pieces expresses her continued frustration with the UT copy center. Darden ’10 MechaniGal contemplates the integrated curriculum, the case-study method, and pizza with bloggers. LBS ’10 N.A.S. is exhausted after an endless interview season, but excited to report that he has an investment banking offer.
’09ers had a lot to say this week. Darden ’09 mmm292 discussed the value of diversity and his experience with diversity at Darden. After a long break, Duke ’09 MBAstarter is back to discuss studying in Bangkok at SASIN Business school on an exchange program. LBS ’09 Don posts an informative, and admitedly subjective, Q&A with a LBS prospective. Darden ’09 Mandy answers questions for incoming students about other UVA programs and her experience with the case-study method. McDonough ’09 Hairtwirler ponders why women feel the need to apologize so often, while Booth ’09 MaybeMBA contemplates how everyone handles pregnancy differently.
That’s all the news we’ve got from the frontlines on this very superstitious Friday! Make sure to stay away from black cats and walking under ladders until we’ve safely moved on to Saturday the 14th! We’ll see you next week as we hear more about the happenings and quandaries in the MBA blogosphere.
Posted by Clear Admit on February 12, 2009, at 11:13 am
Posted in: MBA News , School: Northwestern / Kellogg Competing against students from top business schools around the globe, a team from Kellogg School of Management took first place in the 2009 Kellogg Biotech & Healthcare Case Competition. Home-team advantage? Perhaps. Part-time advantage? For sure.
 Kellogg part-time MBA team takes first place in biotech case competition (Photo by Rich Foreman, courtesy of Kellogg) “Having professional experience in different functional areas [of biotechnology and healthcare] allowed us to take a holistic approach to the case,” said Deepika Singh, who served as the winning team’s captain. “We had complementary skill sets.”
“The winning team had both depth and breadth of knowledge of biomedical marketing,” said Alicia Löffler, professor and director of the Kellogg Center for Biotechnology. “They had the sophistication to apply that knowledge toward solving a very complex problem in a very innovative way.”
In fact, parameters of the competition were designed to eliminate home-team advantage. Students were charged with determining the pros and cons of launching Renvela – a calcium-free phosphate binder product for chronic kidney disease patients produced by Boston-based biotech company Genzyme – and developing a pricing strategy and marketing plan for the launch. They presented their proposal before a panel of judges that included several Genzyme executives, but the judging was blind and the teams didn’t reveal which business school they came from.
The first-place team won $5,000 and a trip to Genzyme. The $1,500 second-place prize went to a team from the University of Chicago, and the $500 third-place prize went to a second Kellogg team. Other participating schools included London Business School, Duke’s Fuqua School of Business, the Haas School at the University of California-Berkeley and the Ross School of Business at the University of Michigan.
“This was, by far, the most competitive year ever,” said Löffler. “Of course, we are very proud of Kellogg’s performance. But the best part of this competition is that biotech and healthcare students from top business schools get the chance to meet and learn from each other.”
To learn more about the Kellogg Center for Biotech, click here.
To learn more about Kellogg’s part-time MBA program, click here.
Posted by Clear Admit on February 12, 2009, at 2:53 am
Posted in: Campus Chronicles , General It’s another Thursday, which means that it’s time for another edition of Campus Chronicles, our weekly look at the MBA student newspapers. This week we take a look at The Monroe Street Journal at the Michigan Ross.
This past weekend, hundreds of Ross MBA students gathered to watch the production Follies 2009, A Rosswork Orange – a 23-year-old Ross tradition. Put on by first- and second-year MBA students, the production featured a series of videos and live sketches that poked good light-hearted fun at life at Ross. A good number of Ross professors – including Jeffrey Sanchez-Burks, Christie Nordhielm, and Gautam Kaul – made cameos in the hysterical skits alongside Ross students, drawing a great many laughs from the audience. Live acts and videos included a series of Southwest Airlines commercial spoofs and spoofs of the early 80s commercials “My Buddy and Me,” Bollywood-style dance scenes, and songs in which students relived fond memories from their time at Ross. The production closed with a grand finale: a video of Dean Robert Dolan singing and dancing around the new Ross facilities as he reveled in all of the features. According to Ross students Robyn Katzman and Maggie Sadowski, Follies 2009 was a “beautiful tribute to b-school humor and a wonderful showcase of all of the talent [they] have at Ross.”
The current financial crisis is affecting recruiting and hiring at all MBA schools, as students are finding it harder to secure offers this year than last year. However, The Monroe Street Journal reports that Michigan Ross is taking steps to ensure that graduating MBA students gain the career support they need to weather the job search process in these difficult times. Dean Dolan is planning personal outreach to not only alumni board members but also Ross friends and prominent business leaders to gain additional insight regarding what else students might do to supplement and deepen their searches. The Office of Career Development’s Recruiting Team is also continuing to follow up with companies that posted job positions in the past in order to highlight the resumes of students who have not yet completed their job searches. Ross is also offering a series of workshops, career forums, and appointments to provide students with all of the guidance and help that they need to successfully secure the job that they desire.
Stay tuned next week for another edition of Campus Chronicles! In the meantime, happy reading!
Posted by Clear Admit on February 11, 2009, at 4:00 pm
Posted in: General , MBA News , School: CMU / Tepper , School: Dartmouth / Tuck The Wall Street Journal in an article earlier this week reported bad news for current business school students: The recruiting season is proving even worse than anticipated.
Citing data from a January survey by the MBA Career Services Council, an association of business-school career offices, the Journal reports that 56 percent of business schools have seen recruiting drop significantly this winter.
Job postings, too, have declined. Of the schools surveyed, 70 percent report more than a 10 percent drop, and 20 percent say activity was down by as much as 20 percent. Even recruiting for summer internships has fallen off, which further diminishes job prospects upon graduation since full-time job offers can often stem from successful internships.
At Carnegie Mellon’s Tepper School of Business, only 61 percent of the graduating MBA class had accepted full-time job offers by January, down from 81 percent last year, according to the Journal report. “We knew the financial-services marketplace was devastated in August but didn’t understand the impact on the rest of the economy,” Ken Keeley, executive director of Tepper’s career center, told the Journal.
As for internships, 50 percent of schools responding to the survey anticipate a decline in internship opportunities for first-year students seeking positions in investment banking. For positions outside of banking, 62 percent of schools expect at least a slight decline, down from 31 percent in the fall.
There were some brighter spots amid the survey data, the Journal reports. Some sectors, albeit lower-paying ones, have seen an increase in recruitment activity. Health care, alternative energy and nonprofits or government are all areas experiencing growth.
“There’s been a massive shift,” said Ted Wilson, an MBA student at Dartmouth’s Tuck School of Business. Wilson told the Journal that the Tuck Energy Collaborative, which he helped start last year, has doubled in membership. Tuck’s career center, meanwhile, is focusing on identifying additional energy recruiting opportunities, he added.
To read the complete Journal article, click here.
|
Comments closed