Not two years ago, Breakingviews will tell you that much. In case those of you graduating from business school less than two months from now didn't already have the shotguns in your mouths, BV would like to give you that extra little nudge in the right direction today. You've got no prospects, and you're not going to have any for quite some time. Plus, your competition is more experienced, more desperate, and more willing to work for a ten-spot and box of tissues with which to JO&C. But take heart!
But when, damn it, when? Class of '10 is probably fucked, how 'bout '12? '15? We need serious guesstimates here. Let's time this thing right.
Earlier: Let's Talk B-School: A Dealbreaker Reader Poll
Posted by guest , Apr 13, 2009 4:25PM
Go Poli Sci and fire CEO's after you get into office.
Posted by guest , Apr 13, 2009 4:33PM
MBA == toilet paper
CFA == cheaper toilet paper
Posted by guest , Apr 13, 2009 4:37PM
Never. The MBA bubble has burst
Posted by guest , Apr 13, 2009 4:39PM
Should have gone for your JD. Big law firms might be laying off people, but at least you could always hang up a shingle and get business. Plus NY Times reports that policy jobs are the new wall street and unless you are applying at treasury, its not MBA that get those jobs. Enjoy the breadlines guys.
Posted by guest , Apr 13, 2009 4:39PM
2011 ?
Posted by guest , Apr 13, 2009 4:40PM
@4 You have NO IDEA what you're talking about.
Posted by Anal_yst , Apr 13, 2009 4:41PM
Masters in Financial Policy/Regulation maybe? Someone's gotta offer some crap like that.
Wonder what tuition creep will look like the next 2 or so years with all the increased demand...
Posted by guest , Apr 13, 2009 4:43PM
DONT DO IT
Many a bitter banker missed: '90s .com, PE '06 boom b/c they were too junior or never got rehired
Key is to be VP and above for next boom...be it TARP/PPIP or VC...Equity
if you are too jr. you might as well go to Vegas and bet $80K
Posted by guest , Apr 13, 2009 4:50PM
I wish there were derivatives on MBA classes and that one could cherry pick the best vintages to short, just like people did with subprime securities.
Posted by guest , Apr 13, 2009 5:01PM
8 Its quite possible that there won't be another boom - that things will simply move ahead like they did from 1929 to 1991, with a few periods when things were good, but no fireworks.
Posted by guest , Apr 13, 2009 5:07PM
@ 10 - you think you are really smart, but your self contradicting statements prove otherwise...
i've been thinking about this lately. I have a BBA in acct and a MS in finance. MBA seems redundant and a waste of money anyway. that said, i will probably want to get more edu at some point. think something like Georgetown masters in foreign service sounds interesting. applicable to public or private professions, aligned with concept of globalization, etc.
Posted by guest , Apr 13, 2009 5:23PM
Work on a crab boat or open a titty-bar.
Posted by guest , Apr 13, 2009 5:34PM
@12
Or open a t-bar where your patrons will likely get crabs. 2 for 1.
Posted by HAM05 , Apr 13, 2009 5:40PM
@13 guest - you are a ray of sunshine in an otherwise bleak world
Posted by guest , Apr 13, 2009 5:58PM
Offshore? now there's an idea! There are lots of firms in Bangalore that will appreciate your skills. Good luck with the passive-aggressive push back, though.
I hear it's always sunny so that single fact beats NYC, hands down.
miss ya'll
Posted by guest , Apr 13, 2009 6:31PM
I graduated in December with an undergrad Finance degree. F my Life.
Posted by guest , Apr 13, 2009 6:39PM
@16
Things will get better ... Just a thought...
Posted by guest , Apr 13, 2009 6:44PM
I got my MBA from Jim Cramer. He even signed it.
Posted by guest , Apr 13, 2009 7:01PM
You could take up game development. Wall Street tycoon is an unexplored games property.
Posted by guest , Apr 13, 2009 7:08PM
things are never as good as they appear; conversely, things are never as bad as they appear.
--jack handy
Posted by guest , Apr 13, 2009 7:45PM
Anyone thinking '09 or '10 students are screwed is wayyyy off-base. Those that land jobs will make more $$$ than the unlucky SOBs that landed associate jobs 3 or 4 years ago and then got canned.... just when they were about to make some decent money.
You want to enter something on the upswing and ride the wave, not get into it near the height of the bubble.
This is why "buy-low, sell-high" is difficult for people to grasp.
Posted by guest , Apr 13, 2009 7:56PM
@17, thanks, perhaps my bitterness results from the fact that I had an offer to be an Equity Research Associate at Fidelity and was supposed to graduate in May '08. Instead I got Mono second semester of my senior year, had to decline the offer and finish school in the fall and graduate with no job lined up and shit prospects.
Posted by girl , Apr 13, 2009 8:02PM
@ 22
People actually contract mono? I just thought it was an easily fakeable disease that I could use to skip out on classes. Chin up, scout.
Posted by guest , Apr 13, 2009 9:00PM
HBS is two thirds BS.
Posted by Finnegan , Apr 13, 2009 9:10PM
People always get all Aimee Mann and assume that everything is different now. But the financial world is not going to dissolve, move backwards, flatline, or mimic the 1950's or 1960's.
We will just have a period of 2 to 8 years where everything sort of resets in terms of employees, ideas and innovation.
And come two years, or 5 years from now, some firm (likely new) will come up with some new idea that solves some new problem, and it will be copied, and become the rage, and likely bubble itself in some way.
So those graduating now if they get a job, will be sitting pretty. Those who can't, eventually will. Different firms, different rules, different world events, same game.
There is nothing new under the sun.
Posted by guest , Apr 13, 2009 9:57PM
@23, yup. Damn freshman slut ruined my life, oh well, fund accounting here I come!!!
Posted by guest , Apr 13, 2009 11:14PM
@25
What's tonight's smoke?
Posted by guest , Apr 14, 2009 8:22AM
get your degree in physics, math, or comp sci, get a masters and then a phd in one of the three.
join hedge fund
piss on mba's for fun
Posted by guest , Apr 14, 2009 8:24AM
@28- "get your degree in physics, math, or comp sci."
um, most people here have already completed undergrad, but thanks for playing.
Posted by guest , Apr 14, 2009 8:31AM
then I said- 'get your masters and then phd in one of the three'
when you learn how to grok full sentences 'call me'
dipshit
Posted by guest , Apr 14, 2009 8:40AM
@30 sounds smart enough to work for AQR
-- not @29
Posted by guest , Apr 14, 2009 8:41AM
@28,29
"ooo pwn'd"
math is n00b.
mba is haxzor'd.
titty bar is l33t.
Posted by guest , Apr 14, 2009 10:55AM
@28- would call to get your advice but international calls to India are so expensive
Posted by guest , Apr 14, 2009 2:30PM
@28 - MBA might be a fluffy degree but post bac, masters and phd takes 10 years or more. White collar crime is a better use of your time.