State of the MBA Job Market
The WSJ reports that some schools are starting to see a rise in hiring from 2009, but others, like New York University’s Stern School of Business and the McCombs School of Business, say the numbers are pretty steady with last year.
However, the way that students come across jobs is changing. According to the article, one major change in the job search has been the time frame for hiring–companies that previously hired months in advance are now hiring only weeks in advance as they realize their personnel needs in the moment.
Another change is the up-tick in rotational program positions available.
Stacey Rudnick, director of M.B.A. career services at University of Texas-Austin, says 27% of offers accepted by its current students are for rotational programs at major corporations. In most years, that figure would be closer to 18%.
Franklin Fuchs, who will graduate from University of Texas-Austin’s business school at the end of May, recently landed a rotational management position with General Electric Co.’s Experienced Commercial Leadership Program, starting with an eight-month stint in the company’s renewable-energy headquarters in Schenectady, N.Y.
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