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This is a short story I heard on NPR featuring some interesting interviews with B-school career services and MBA students on the job market. Most say it's slowing down, obviously, and signing bonuses are lower, but that firms are still hiring and trying to keep the "pipeline of talent" clear after not doing so during the last recession and hurting afterward. 4 min long.
It sounds like at least the management consulting companies are planning on still hiring, according to the major news sites that are profiled on our MBA admissions blog. When the economy inevitably rebounds, BCG and McKinsey, etc., won't want to be caught short-handed.