Lumine

"Of course, the invisible hand of the marketplace will put all those new BBAs to work outside of Wall Street.

Expect to see significant reductions in order processing time at Burger King, Pizza Hut, et al."

Way to find the silver lining

ilovebagels

There are not enough neurons in my head to fully enjoy all the schadenfreude I am feeling right now

beatlesguy1234

now, illegal immigration proponents are going to have a hard time using their "doing jobs americans won't do" excuse.

haha

kguo7

wall street guys standing outside of home depot? i don't think that is ever going to happen unless we have a depression.

Sligh_Anarchist

Where is your source for this information? Just curious...

NY_Democrat

So are business school admissions going to be easier you think?

CoffeeBreak=)

The Bell Curve.

Calcruzer

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.

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.

kguo7

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.

ilovebagels

^ Thank you, Mr. McCain.

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.

aline

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.

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.

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.

csleslie51

http://www.insidehighered.com/news/2008/09/22/bschools 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. “It’s 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, we’ve been saying that fewer people will be hired on Wall Street this year. We think they should explore other options.”

nocousin

I hope people reflect on what caused this problem and who did it. There is a lesson in that, it seems to me.

kawaiigurl

hope this situation wil get better after few years =(

cbreeze

Seems to confirm "the best and the brightest" do enter the medical field.