Recruiting from Smeal...seniors, recent grads?

Colleges and Universities A-Z Penn State
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<p>My nephew will graduate from Smeal in May, with honors, over 3.5, (I believe almost 3.7). Finance is the major.</p>

<p>So far he's blanketed the internet with applications, has had some phone interviews, but nothing concrete yet. He didn't have a summer internship (worked at a law office). Some of his friends with the highest gpas have great jobs in NYC etc lined up for a while now.</p>

<p>How competitive is the job market for Smeal grads? Is this a good year? I'd assume there's a lot of on-campus recruiting? Is not having an internship a big strike against him? Basically, how's it going for those in the hunt for jobs?</p>

<p>He's loved Penn State and is sad to leave.</p>

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<p>Senior finance major I know has a good job lined up. High 3s GPA but had two internships (summers after soph and junior year). Internships REALLY help.
My s is at PSU and is having no luck getting a summer internship for after his second year - very little interest unless you're a junior and the opportunities are hard to get. He'll study abroad this summer instead.
I would think the current economic conditions will begin to make it tougher for everyone - except for those tippy top kids who can always write their own tickets.</p>