<p>Some people say that the nation will not be that dependent on Wall Street as it used to be, and the Wall Street-Wharton complex will be changed. So what does this mean to Wharton? For most of the people getting jobs after graduation is a very practical thing, since not all the people just go out there and start their own businesses. </p>
<p>Does the recession only negatively affect students in Wharton, or is there anything new emerging from the economics crisis?</p>
<p>I have many senior friends in Wharton, and none of them have jobs. On campus recruiting has come to almost a halt since the 2006 high. </p>
<p>Quoting my friend, “Wharton is the worst investment I’ve ever made.” </p>
<p>Wharton also went down 2 ranks in the BusinessWeek Undergrad B-school survey this year almost entirely due to its bad on campus recruiting.</p>
<p>Technically speaking, it’s still far better than the top two schools in the survey even on-campus recruiting wise, but since wharton kids have such high expectations, they were bound to be disappointed after most of them got crappy or no jobs. Thus, they filled the survey as such.</p>
<p>i think saying that “wharton is the worst investment i’ve ever made” is a pretty ridiculous statement.</p>
<p>a recession is a recession, it’s not the first time the economy is bad and obviously it doesn’t mean wharton is suddenly going to collapse and people won’t respect it anymore. recruiting for jobs is difficult at wharton now, but that’s true at almost all colleges today.</p>
<p>perhaps some high schoolers might feel less inclined to study business… i don’t frankly see why a recession would change someone’s mind, however–it’s a bit nonsensical.</p>
<p>to put it in perspective, many people who are in the workforce are actually trying to get into b-schools like wharton because of the recession. thus, applications for the mba program have been skyrocketing.</p>
<p>luake I read that wharton went down 2 spots because they’ve been boycotting the student section.</p>
<p>Well, if people listened in Econ, they’d know we are in a contraction. The perfect time to go get a business degree, and [hopefully] come out during the expansionary part of the business cycle. and count dem stackz. :D</p>
<p>I see this in my crystal ball:</p>
<ol>
<li>Wharton experiences a dip in applicants (briefly)</li>
<li>This dip ends soon as the following happen:
2.i. students who would have otherwise thought Wharton was too much of a crapshoot to bother applying will apply
2.ii. wharton will retool to attract more entrepreneurs as opposed to future financial titans
2.iii. the financial sector will recover (while still never returning to its Gilded Age) and Wharton will still be the best place to go for that (still lucrative, but not as much as before) career track.</li>
</ol>
<p>There’s no doubt that this is a bad year to be graduating. However, the smart students will realize that this is a great time to be going to school. The economy will turn around, and there is no better time to enter than at the bottom. </p>
<p>On a side note, Businessweek rankings are a joke. McIntire and Mendoza ahead of Wharton, Sloan, and Haas? I’ll believe that when people start turning down UPenn and MIT for the University of Virginia and Notre Dame.</p>
<p>If Wharton seniors are having a hard time getting a job, do you really think students at other business schools are doing any better?</p>
<p>Student survey was the main reason for Wharton dropping… not on-campus recruiting…</p>
<p>Read what I wrote -</p>
<p>“Technically speaking, it’s still far better than the top two schools in the survey even on-campus recruiting wise, but since wharton kids have such high expectations, they were bound to be disappointed after most of them got crappy or no jobs. Thus, they filled the survey as such.”</p>