| Topic Name: |
MBA 2001: A Jobless Odyssey |
| Message Name: |
Beg to differ. |
| Date Posted: |
04/08/2001 |
| In Reply To: |
NO JOB!
I'm just as bitter as the next guy now that I have spent SO much money for my Sloan MBA and all the tech companies I wanted to work for are either in a hiring freeze or don't exist anymore.
So I went to consulting firms...nothing. Their filled to the brim already and can barely find enough work for the people they do employ.
Then I went to i-banks and got an offer at JP Morgan Chase. If you had told me I was going to go to MIT to get my MBA only to work at Chase a few years ago, I'd laugh in your face. Looks like I will end up there so long as they don't rescind my offer (as JPM did to many of my classmates during the merger earlier this year).
I'd say, conservatively, that only around half of my classmates have offers in hand as of today. And half of those are far below the offers that "newly minted MBAs" have come to expect for the return on this enormous investment of time and money.
MIT has also traditioanlly been the place for networking with peers and faculty to start new ventures. With all the funding dried up, I personally know not a single soul who has the balls and brains enough to venture out all alone in this catastrophic economic environment.
Somebody please help me! I am drowning in self-pity. Who is to blame but me for thinking I could come to this country, get a degree, and be on my way to making six or seven figures a year. |
| Message: |
Dude,
I'm in the class of 2001
at Sloan, and I think you're
completely and utterly
mistaken about the job
environment at Sloan.
Guess how many full-time
offers McKinsey made at
Sloan - nearly 50. That's
out of a class of 350. I mean, come on, nearly 15% of our class has an offer from the big M. The highest percentage among
all B-Schools, I'm willing
to bet.
High-tech jobs are harder to come by this year
than the last, but come on! I know people going to
Microsoft, Cisco, Dell, Sprint, Siemens, Siebel .... and of course a ton of startups.
If you had gone on the Silicon Valley trek this year, you'd have gotten interviews lined up with some awesome companies.
Re companies being started by Sloanies,
have you seen the semifinalist teams
in the 50K this year?
Out of the 33 semifinalists, around a dozen
have Sloanies as part of the
founding team. And I personally know that
at least 3 of those teams
are extremely close to getting funding.
It appears that you have the attitude of "sit back and watch the offers roll in". I don't think that's gonna happen just because you're at a top school.
If you had taken full advantage of the opportunities available to you at school, getting a desirable job would have been a walk in the park.
Sloan MBA 2001
|
|
