MBA Class of 2015 Recruitment
To current or recent top 10 MBA students, how is the finance (banking and research) recruitment looking for class of 2015. With summer recruitment coming in the next 6 months, seems to be 2 opposite forces at play here. On one end, people have been calling for the death of the industry with all the new regulations and requirements but on the other hand, banks seem to be responding quite nicely with banks posting solid earnings and overwhelmingly beating estimates. Anyone care to give their opinions?
I've heard mixed things about finance recruiting as well from current students at top b-schools. On one hand, it still seems fairly easy to get sellside coming out, but that's not an ideal job for most students at these programs and are often fallbacks when one fails to get buyside. PE, hedge funds, and IM are really tough to get regardless of school, so that concerns me quite a bit. The good news is that there's plenty of viable options coming out of a top school such as strategy consulting, tech, etc., that you may have not considered before. Ultimately you want to protect yourself from economic volatility by getting a degree that will allow you to transition to other firms and even industries fairly easily. That's precisely what an elite MBA degree gives you.
Recruiting has been healthy at the top 10 for the last couple of years. Most layoffs have happened at the 2-3 yr- associate - VP level.
Given that you specified banking and research...
Banking - it's fine. Research - they don't hire in large numbers anywhere; very little OCR at the MBA level.
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