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Options for MBAs without Jobs

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SVP
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Status: Burning mid-night oil....daily
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Options for MBAs without Jobs [#permalink] New post 15 Apr 2009, 06:21
http://www.businessweek.com/magazine/co ... =rss_daily

Jack and Suzy Welch states various options for new grads.

However, their favorite advice - start a new business - sounds unrealistic to many graduates because many HAVE to work because of huge loan they have to repay...
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SVP
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Status: Burning mid-night oil....daily
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Sloan Class of 2009 - Alternative Careers [#permalink] New post 04 Jun 2009, 11:33
New MBA Grads Looking at Alternative Careers

How the global financial crisis is changing the professional paths of the MIT Sloan Class of 2009


http://www.businesswire.com/portal/site ... ewsLang=en
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Re: Options for MBAs without Jobs [#permalink] New post 04 Jun 2009, 17:12
Its not just MBAs who are broadening their horizons... elite undergrad students as well. Whereas formerly ivy league students would all become bankers, TFA/Peace Corps/Nonprofit apps have skyrocketed. Interesting articles though, thanks.
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Re: Options for MBAs without Jobs [#permalink] New post 05 Jun 2009, 00:00
Expert's post
nink wrote:
http://www.businessweek.com/magazine/content/09_17/b4128000948572.htm?campaign_id=rss_daily

Jack and Suzy Welch states various options for new grads.

However, their favorite advice - start a new business - sounds unrealistic to many graduates because many HAVE to work because of huge loan they have to repay...



Good point. Even though there are usually there is a 6 months "grace period" after graduation or graduated payment plans, the fact that you would have zero start up capital of your own (assumption), limits the opportunities significantly.

I was in this boat - my classmate and I had trouble landing the jobs everybody told us we would get (sound familiar?), so we opened an online Jewelry Store (never expected it to be the big hit, but just something to put our time into with while we were job hunting - we figured it sounded better than "I am unemployed," and was also a good conversation starter - Gold demands respect). Were able to do it with low start up costs. However, it was not a very easy business - we had to work for most sales as not many people are willing to spend hundreds or thousands of dollars at an unknown online jewelry store. Shut it down within 6 months as we could not handle day jobs and the business.

So I would say starting a business right out of MBA is tough taking into consideration your last pay check came in 18 months ago.
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Re: Options for MBAs without Jobs [#permalink] New post 05 Jun 2009, 05:44
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Taking unemployment advice from two people who have never been unemployed in their professional lives and are worth over $100 million (easily) seems a bit odd. I'll listen to Jack Welch talk all day about performance management, but he's seriously unqualified to tell me what I should do now that I don't have a job and have $120k in debt.
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Re: Options for MBAs without Jobs [#permalink] New post 05 Jun 2009, 07:27
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msday wrote:
Taking unemployment advice from two people who have never been unemployed in their professional lives and are worth over $100 million (easily) seems a bit odd. I'll listen to Jack Welch talk all day about performance management, but he's seriously unqualified to tell me what I should do now that I don't have a job and have $120k in debt.



HAHAHA! So true. :-D
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Re: Options for MBAs without Jobs [#permalink] New post 05 Jun 2009, 08:41
Expert's post
msday wrote:
Taking unemployment advice from two people who have never been unemployed in their professional lives and are worth over $100 million (easily) seems a bit odd. I'll listen to Jack Welch talk all day about performance management, but he's seriously unqualified to tell me what I should do now that I don't have a job and have $120k in debt.



+1!
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Re: Options for MBAs without Jobs [#permalink] New post 08 Jun 2009, 06:01
It's actually something I've started to do, albeit, I haven't actually finished b-school yet. New company should be formed this summer if all goes to plan, and hoping to be operational by fall.
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Re: Options for MBAs without Jobs [#permalink] New post 09 Jun 2009, 13:00
Start an entrepreneurial venture.
Re: Options for MBAs without Jobs   [#permalink] 09 Jun 2009, 13:00
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