MBA & JOB OPPORTUNITIES 2009
This weekend, I had a scary discussion with a soon-to-be Wharton business school graduate. He told me that, in his estimate, 50% of his graduating class doesn’t have jobs; while they have to start repaying loans in September, he expects many of them will simply default. Surely, their parents are making less money and many will have families of their own to support. There’s never before been a time when a Wharton MBA graduate didn’t have an immediate job opportunity.
Unique times indeed.
Ronn Torossian
May 5th, 2009 at 1:23 am
I’m sure the Wharton grads will be fine. Sure, they’ll have to do unsexy jobs for a couple of years and earn $60,000 instead of twice that (actually I don’t have any idea what someone like that might earn during an inflationary economic period), but when this recession ends, they’ll reap the rewards of growth sooner and more than almost anyone else.
May 5th, 2009 at 6:08 pm
Jim Rohn says that “Formal education will make you a living; self-education will make you a fortune.” I think that these days, most formal education is even more overrated than Jim Rohn had originally speculated.
With that said, I’m still interested in going through Dental School. I’ll rip out teeth for sacks of potatoes if things get bad enough with the economy.
May 20th, 2009 at 10:29 pm
If the “unsexy” 60, 000 dollar jobs are going to wharton grduates, then those aiming for sity grand only have a shot for half that amount!
I dont underestimate the value of fomal education, however, I think that job applicants in these unique times will have to be really really aggressive if they want to get anywhere. The hungirer you are, the further you will go!