U.S. News Reports More Promising MBA Employment News
Echoing recent reports from individual business schools and elsewhere, U.S. News & World Report last week added to the chorus of encouraging employment news for 2010 MBA graduates. Though graduates still may not find their ideal job as quickly as they might hope, there are many more jobs to be had this year than there were for graduates last year, the magazine reports.
The U.S. News report shared individual students’ job search experiences as well as insight from careers services directors at a range of schools, all of which painted a rosier picture for newly minted MBA grads seeking employment. The news is especially welcome after the dismal hiring reports of last year.
“This time last year, I had to check to see if my phone was still plugged into the wall,” Lynne Sarikas, director of the MBA career center at Northeastern University, told U.S. News. “It didn’t ring. People weren’t looking to hire. This year, my phone is ringing,” she continued.
Still, graduates must work harder to land a job than they have in flush times and schools must work harder to help them, the U.S. News article continued. This includes students considering a wider range of positions than they might have in the past and career services offices stepping up their offerings.
At Cornell’s Johnson School of Management, career advisors worked individually with students for months beyond graduation. The effort helped 95 percent of the 2009 MBA class get hired by the end of the year, according to U.S. News. This year, Johnson will do the same but hopes the improving job market will mean that it takes less time. “Everything is trending up, but we still have work to do,” Joe Thomas, Johnson School dean told U.S. News. “We’re going to do it this year, but I just don’t think it will take as long,” he continued.
Students also need to be open to jobs outside of investment banking, where hiring continues to lag. Corporate finance positions are a better bet, career service officials told U.S. News. Marketing, consulting and supply chain management are also promising sectors.
To read the U.S. News report in its entirety, click here.