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01 Jan 2011, 12:20
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kalachashma
Interesting research! BofA also is buried with TARP money and Morgan Stanley refused to renew H1-B visa for two of my friends last year and both of them had to leave US. I can't predict the future but to reach at higher levels, one has to take risks. Does your research include data on how many Indians get into front-office IB work? If so, can you please share with me.
01 Jan 2011, 18:39
Kudos
Bookmarks
Hi gaga,
I think BofA has paid back the TARP money (https://investor.bankofamerica.com/phoen ... highlight=)
As to your second query, my analysis doesn't cover the number of people getting front office positions.
In any case will keep on doing research, and if I get something interesting I will post it here.
I think the best indicator for the future job market will be the current job market for classes of 2011 and 2013. In every step one takes there is a probability of success and failure attached to it. But I do need to get a fair bit of idea on the current situation before I put my 2 cents in (in this case $ 150K)
Thats why I feel I will need to get in touch with a current student or a CDO person to clarify.
Also am awaiting nink's response. And while we are at it, will also very much appreciate if nink can provide some stats on us aliens getting into a strategy consulting career.
Cheers!
I think BofA has paid back the TARP money (https://investor.bankofamerica.com/phoen ... highlight=)
As to your second query, my analysis doesn't cover the number of people getting front office positions.
In any case will keep on doing research, and if I get something interesting I will post it here.
I think the best indicator for the future job market will be the current job market for classes of 2011 and 2013. In every step one takes there is a probability of success and failure attached to it. But I do need to get a fair bit of idea on the current situation before I put my 2 cents in (in this case $ 150K)
Thats why I feel I will need to get in touch with a current student or a CDO person to clarify.
Also am awaiting nink's response. And while we are at it, will also very much appreciate if nink can provide some stats on us aliens getting into a strategy consulting career.
Cheers!
01 Jan 2011, 21:51
Kudos
Bookmarks
kalachashma
kalachashma, it's too early to answer your question. class of 2012 is just about to start their interviews for their summer internship starting this month. Class of 2011 - some secured jobs already (offers from summer employment; returning to previous employer as planned, etc) while others are still looking. In terms of listings for post MBA opportunities, people are finding a lot more opportunities compared to previous couple of years. Employers who may have not recruited for certain positions in the previous years are returning to campus (or even off campus)... International students specifically? Hard to tell this early. (not to mention, I don't know which of my classmates are international student on VISA, etc.) People who secured opportunities already (regardless of whether he/she is international or not) will easily disclose his/her post mba job to anyone who would listen, while people who are still looking - they tend to stay quiet.
Do not call CDO and say "I was admitted to YSOM for this upcoming Fall and I would like to find out how the international students are faring with their employment opportunities."
But what you can do is, you can contact CDO and say something like," i was admitted to YSOM for this upcoming Fall and I would like to receive more information on various resources available to international students like myself in terms of finding employment in US."
CDO staff does wonderful job in assisting current students with job opportunities. When you have small class every year, you get more individual attention compared to bigger programs.
That's why I bought BOA shares and currently running in huge loss. Oblivion was bliss! 
