<p>So are business school admissions going to be easier you think?</p>
<p>The Bell Curve.</p>
<p>This Bear Stearns, Lehman Brothers and Merrill Lynch fall-out may be bad news for the Harvard, MIT, Yale, and even the Indiana Investment Banking Workshop grads, but I doubt that it will affect all of business school hirings. Wall Street, while significant, is certainly not more than 1/2 of 1% of all new business hires nationwide. </p>
<p>The bigger concern is the general downturn in the economy–and the general credit crunch overall. This is undoubtedly the thing that is likely to drive down hiring of new graduates (in all fields) this school year.</p>
<p>the economy isnt bad right now. its only the financials that are suffering. if you look at consumer goods companies they are doing great despite whats going on in the economy.</p>
<p>^ Thank you, Mr. McCain.</p>
<p>I’m the first to admit that I am crap at econ, but I’m pretty sure finance has an effect on all aspects of the economy eventually, as their own ability to get access to capital for new businesses, expansion of old ones becomes more difficult.</p>
<p>Fortunately, biz grads in the Philippines as of today are experiencing great amount of job opportunities. Most posts I see on the classified ads of popular broadsheets in the country are from companies looking for business graduates; those that have experience in Management and Marketing. Lucky enough, I am a graduating business management student. Even though I got the course right, I still need to have the experience and the brains to be able to survive in the competition. </p>
<p>Opposite is occuring in the med field. It’s really in a different situation in the Philippines. Most nurses find it hard to be employed here so they seek jobs abroad. But those jobs abroad require them to have experiences in the field so they offer free services in the hospitals here. Medicine grads also have a hard time here so they study nursing and seek jobs abroad. They say we’re having “brain drain”. Professionals are moving because of difficulties in living.</p>
<p>All of these really brings us to one conclusion, in order to live a decent life, we should get a job. In order to earn a living, we must find a way. And it won’t really just come to us if we sit and watch TV.</p>
<p><a href=“http://www.insidehighered.com/news/2008/09/22/bschools[/url]”>http://www.insidehighered.com/news/2008/09/22/bschools</a> Did My Job Disappear? There will be some jobs on Wall Street, said Patricia Rose, director of career services at Pennsylvania who also works with Wharton undergraduates. Its not as if financial services are going to turn their backs on graduates. Still, if students feel that they want to work in financial services, we inform them that there are a range of opportunities. Clearly, weve been saying that fewer people will be hired on Wall Street this year. We think they should explore other options.</p>
<p>I hope people reflect on what caused this problem and who did it. There is a lesson in that, it seems to me.</p>
<p>hope this situation wil get better after few years =(</p>
<p>Seems to confirm “the best and the brightest” do enter the medical field.</p>
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<p>Sure they are above average, but I’m guessing average IQ of Phds is higher than average IQ of people with a professional degree like an MD. Or JD or MBA for that matter.</p>
<p>“Best and brightest” is probably an exaggeration. “Typically above average” would be more appropriate.</p>
<p>Funny to look back on this thread a year and a half after the original posts. I find especially laughable the comments about how “the economy isn’t bad right now. its only the financials that are suffering”. Yeah, I can see how that panned out over the longer term as capital goods companies tanked in gigantic numbers–and, of course, we all know the fate of Lehman Brothers (now out of business)–and other mortgage companies such as Countrywide Home Loan (now taken over by Bank of America).</p>