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MBA Recruiting

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MBA Recruiting [#permalink] New post 10 May 2009, 21:54
Hi, any final year students able to comment on full-time recruiting conditions post MBA? I get mixed reports, even from top schools (eg. top 10) - some say it's down significantly, others say the pessimists are exaggerating and that there are still jobs out there.
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Re: MBA Recruiting [#permalink] New post 11 May 2009, 07:18
Overall on campus fulltime was better than internship on campus stuff. However, it really slowed down once the economy went completely south. I think numbers trail a normal year at all schools but by how much varies a lot. How bad it sounds really depends on who you talk to...if you talk to a wannabe banker who didnt get or accept an offer from their internship then it probably sucked. People who wanted to switch careers and didnt do internships in exactly the industry/function they wanted probably think it was terrible. I know 2nd years who got plenty of offers, and I know some who still haven't gotten their first. There are 2nd years I know who turned down offers but because it wasn't what they really wanted they are still looking. I would say most schools will have 10-20% fewer people employed at graduation than during a good year and then probably in the 5-15% fewer 3 months after graduation. Talking with most 2nd years, companies didn't improve their offer packages this year like during normal years. No 5% rise in salaries or anything like that...so salaries will look very much like last year.
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Re: MBA Recruiting [#permalink] New post 12 May 2009, 12:39
I can speak for two schools:

1st MIT Sloan: our employment survey for full time is finished compiling results and we are just a bit under 80% as of last month. As far as internships, those results aren't in, but I can tell you this is the year you don't want to kick back and let your friendly neighborhood career development office do all the work for you. With that being said our internship rate has to be over 80% paid, but not necessarily lucratively paid. Consulting and banking haven't been at all good this year. The reasons are obvious for banking but for consulting maybe not as much so. I spoke to quite a few people about the slow down in consulting and this is primarily due to many of the big firms taking on due diligence work over the last few gang buster PE years. Now with the market in a severe slowdown all those consultants added to meet that demand are sucking their thumbs, so most of the hiring is to replace manpower to balance the turnover.

2nd HBS: Official numbers as of just over a month ago with 80+% of the 2nd years reporting 78% had job offers in hand.
Re: MBA Recruiting   [#permalink] 12 May 2009, 12:39
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