<p>Just an interesting viewpoint as to the effect of the credit crunch on the MBA... is the demand still the same? Will salaries be lower?</p>
<p>It means that for the next few years, sectors like investment banking, hedge funds, and private equity are going to get slaughtered! </p>
<p>Don't get me wrong. I think this needed to happen. The pay packages that people were making in those fields was simply becoming absurd, especially the latter. For example, rumor has it that last year, some private equity firms were offering to the top Harvard MBA's, including bonus, over $450k just to start, and that's not even including an equity percentage. It reminded me of the absurdities of the dotcom boom era where some people I know who hadn't even graduated from high school were not only being offered 6-figure salaries, but were also being offered stock options packages that were turning them into multimillionaires (at least on paper).</p>
<p>Demand will be lower. Salaries will be lower. It will be a good thing.</p>
<p>Demand will be lower, salaries will rise somewhat but bonuses will be lower. We will see more demand overseas, particularly Asia and South America.</p>