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Re: Calling all Wharton Fall 09 Applicants [#permalink]
27 Oct 2008, 09:40
xerox, R1 was 9 October. When do you think they start calling for interviews?
also how is the recruiting for banking internships for 1st years going?
I heard loud and clear from one of the senior people on the admissions team a while ago that they "are interviewing a lot of interesting candidates" and that a lot more are "in the pipeline" make what you will of it. I think, they will do their absolute best to interview the best candidates early enough to ensure the maximum competitiveness of the school on the general MBA market. I have no doubt about this whatsoever - this super efficient adcom is arguably the best in the world.
The recruiting for banking internship is going and that is what matters. Although I am not recruiting into banking myself, I crashed an investment bank recruitment reception last week, and they really needed Wharton MBA's. The logic is to snap people now when the competition for their skills among the employers has subdued somewhat. Having said that, there are obviously not as many jobs as would have normally been out there, but people who are focused on finance do not seem to shift their main focus as they realize that there will always be a need for financial services in one form or another, and banks will always need people.
Most people have no doubt that competition for banking jobs in the US, and consequently for consulting and GM jobs will be tougher than usual because of the shift in demand for the latter types of job. One solution is to explore employment opportunities in the overseas subsidiaries/branches of the banks that might not be as successful in the US at this time. In this case, the brands are of course of key consideration, e.g. you do not want your first banking job to be in a major Mongolian bank for example as the skills you'll get there are not readily transferable to North America or Western Europe, so you will find it very hard to make the transition once the job market stabilizes again. All in all, people are mapping out creative alternative strategies right now.