How are 2nd tier MBA programs holding up in this environment? It seems that recruiting is even down at schools like Wharton and Chicago. Is it an absolute bloodbath at programs like Michigan (Ross), UCLA (Anderson) or Berkeley (Haas)?
A guy I know graduated this year ('08) from UCLA Anderson and he claims that half of the people who wanted IB jobs are sitting around in Corporate Finance roles at Media/Internet companies. i.e. Treasury, Controllers groups with titles like "Senior Financial Analyst". I would personally be pretty angry if I dropped $150K on an MBA and ended up with a job like that.
