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MBA Interns Going Unpaid 03 Apr 2009, 18:32
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MBA Interns Going Unpaid

In a sign of the times, a small but rising number of B-school interns—once coveted by companies—will work for free this year

https://www.businessweek.com/bschools/co ... =rss_daily
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With the financial crisis forcing internship hiring down 21% for this coming summer, a rise in unpaid positions isn't exactly surprising. But until now, unpaid work for MBAs was largely unheard of.
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Darden School of Business, says in a typical year unpaid internships make up less than 1% of placements. This year? Think closer to 5%, or possibly as high as 10%.
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McCombs School of Business. Usually McCombs sends 5% of students to unpaid internships, but Rudnick predicts many schools will be sending at least 10% down that path this year......McCombs will solicit companies for unpaid work this summer
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Private equity firms, hedge funds, and other fairly large companies have all expressed interest in unpaid labor
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While the trend toward unpaid internships is pervasive across sectors, not every school is seeing an uptick—New York University's Leonard N. Stern School of Business hasn't seen an increase. At Cornell University's S.C. Johnson Graduate School of Management, there's been a rise in unpaid positions on job boards, but only up to about five postings.
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spgny
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MBA Interns Going Unpaid 09 Apr 2009, 14:47
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MBA Interns Going Unpaid

In a sign of the times, a small but rising number of B-school interns—once coveted by companies—will work for free this year

https://www.businessweek.com/bschools/co ... =rss_daily
Quote:

With the financial crisis forcing internship hiring down 21% for this coming summer, a rise in unpaid positions isn't exactly surprising. But until now, unpaid work for MBAs was largely unheard of.

Quote:
Darden School of Business, says in a typical year unpaid internships make up less than 1% of placements. This year? Think closer to 5%, or possibly as high as 10%.

Quote:
McCombs School of Business. Usually McCombs sends 5% of students to unpaid internships, but Rudnick predicts many schools will be sending at least 10% down that path this year......McCombs will solicit companies for unpaid work this summer

Quote:
Private equity firms, hedge funds, and other fairly large companies have all expressed interest in unpaid labor

Quote:
While the trend toward unpaid internships is pervasive across sectors, not every school is seeing an uptick—New York University's Leonard N. Stern School of Business hasn't seen an increase. At Cornell University's S.C. Johnson Graduate School of Management, there's been a rise in unpaid positions on job boards, but only up to about five postings.
Show more

I can't see this as a rising trend...economy will turn soon..and MBAs will be at the front of the hiring line...
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