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If you were a MBA grad in current market....

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SVP
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Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400
Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
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If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 08:52
Imagine this for a moment....

Two years ago, you applied to the most prestigious MBA program of your dreams and got accepted. When you saw that you were indeed accepted, you jumped up from your cubicle and screamed out of joy. While ignoring your stunned colleagues, you walked straight into your boss’s job and told him/her that you had enough of him/her. Then you gathered your belongings and shouted sayonara to your old job.

You arrived on the campus that fall, and devoted yourself to your studies. You worked harder than ever and decided to forget about the huge student loan that financed your MBA.

Now suddenly, your prestigious post MBA job was rescinded due to recession and company cut-backs. You are suddenly out of school, heavily in debt, in a recession….

If banking or consulting is not one of your options, what other career choices would you take on and why?
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SVP
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Re: If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 10:00
out of curiosity, is this one of your essay questions?
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Status: Burning mid-night oil....daily
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Re: If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 10:10
ac8706 wrote:
out of curiosity, is this one of your essay questions?


Nope. I am done applying.

This is just something I've been debating since reading about recent Booth grads without jobs in Businessweek article.
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Re: If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 11:10
What do you actually want to do? Most people don't see ibanking/consulting as the ultimate endgoal of their career, its a step towards their ultimate long term goals.
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Status: Burning mid-night oil....daily
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Re: If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 11:35
Meowzilla wrote:
What do you actually want to do? Most people don't see ibanking/consulting as the ultimate endgoal of their career, its a step towards their ultimate long term goals.



MOST people don't see ibanking/consulting as the ultimate endgoal? Well it might not be the ultimate endgoal but for post MBA job, ibank/consulting/and other fin service related jobs account for at least 50% in every top MBA program if not higher. I am simply asking for what other options (for POST MBA job) others will consider....account for factors such as huge student debt, bad economy, etc etc.

International students might also worry about sponsorship as well.
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Schools: Chicago (Booth) - Class of 2009
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Re: If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 16:44
What a fun thread to read considering I'm a 2nd year... I guess my answer is, uhm, ask me again in six months? :(

Although the thought of not having to go into consulting or banking is actually a positive for me, not a negative. I was worried I'd end up in consulting this year out of necessity. Although the fat 125K salaries and 20-40K sign on bonuses are tempting, I'm actually glad thats not where I'm going.
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Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400
Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
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Kudos [?]: 685 [0], given: 548

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Re: If you were a MBA grad in current market.... [#permalink] New post 01 Dec 2008, 20:37
rhyme wrote:
What a fun thread to read considering I'm a 2nd year... I guess my answer is, uhm, ask me again in six months? :(

Although the thought of not having to go into consulting or banking is actually a positive for me, not a negative. I was worried I'd end up in consulting this year out of necessity. Although the fat 125K salaries and 20-40K sign on bonuses are tempting, I'm actually glad thats not where I'm going.


That's tough. Most students expect that their starting salary (post grad) plus signing bonus is where one can offset their huge student loans for MBA....

Good luck regardless. You can't control macro-level variables in our economy. The thing you can control is your studies.....keep up your hard work. You won't have another chance to do your MBA. :!:
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Re: If you were a MBA grad in current market.... [#permalink] New post 02 Dec 2008, 12:23
I'd probably just skip that step in my career goals essay and move on to my long term goals. I think GM and GE would both be really interesting places to work because of the reorgs they're doing. Also anything infrastructure related is gonna have some great opportunities for growth in the next 2 years, like IBM.
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Status: Burning mid-night oil....daily
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Posts: 2400
Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
Followers: 71

Kudos [?]: 685 [0], given: 548

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Re: If you were a MBA grad in current market.... [#permalink] New post 05 Dec 2008, 08:10
A company called MBA Focus is launching a service that will allow employers to post their job offerings directly to all Top 50 MBA program students/alumni.

In this competitive and tough job market, how much do you think this can change job prospects for current MBA students without concrete job offers?

http://www.prweb.com/releases/2008/12/prweb1701774.htm
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Re: If you were a MBA grad in current market.... [#permalink] New post 03 Sep 2012, 08:56
Great post nink!

It is still actual in today's difficult economic environment.
Is oanyone of my followers would reply to this question?
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Re: If you were a MBA grad in current market....   [#permalink] 03 Sep 2012, 08:56
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