<p>Good advice here for how to deal with things:</p>
<p>"In general, I'd say the students are calm," she said. "There is no sense of panic. They are mindful and watching what is happening and processing what it means for them and we are helping them do that." </p>
<p>Still, for most business school grads, Wall Street is "definitely a dream," she said. "It's the prestige of the brand and all that comes along with it. Harder than making the switch is to switch gears in their brains." </p>
<p>Matthews encourages students to turn to their strengths, be determined and don't give up. </p>
<p>"Try to find something more stable, give it a year and after the presidential elections and things stabilize, the recruitment will start again and they'll have prestige with those good degrees. Like the housing market, it will rebound at some point." </p>
<p>"Network, differentiate yourself, leverage your past experience," he said. "It's still a good market."</p>
<p>it definitely is a tough time. I expect students enrolling in undergraduate finance and business majors to drop for the next year. After the dot-com bust, computer science enrollment halved.</p>
<p>(Subtitle: The Golden Age for Financial Services is Over)</p>
<p>are likely to continue to push those students who do stay in the business schools away from ibanking--and more into accounting or consulting instead.</p>
<p>Those that choose to major in finance will probably benefit from this lemming affect. MIS enrollment dropped by 2/3rds in my school after 2001. A few years later MIS salaries were back up and there were not enough candidates to fill jobs. Right now is not a good time to be in Finance (aside from Energy Finance), but if I were a freshman, I would care a lot more about the future than the present. I'd rather be one of the few that stays in Finance than one of the many that scurries to another business major like accounting.</p>
<p>Unlike Computer Science, I doubt the drop will be permanent, especially since we aren't outsourcing all out Computer Science related jobs to India.</p>
<p>hopefully this economic crisis will start clearing up in 4 years....but I'm going to play it safe and double major finance and accounting and minor in mandarin</p>