During the past couple of months a lot of people predicted the financial crisis is far from over and that there would be more victims among investment banks. Now that Lehman is wobbling and Merrill Lynch got eaten up, it’s like nobody saw it coming. Another strange thing, there isn’t really much discussion on this in MBA-related forums. Which is strange, having in mind that this crisis is the single most important factor that will determine the careers of the current batch of applicants.
For my part, I am looking at alternative options outside of finance and still not finding any. Besides, it is increasingly likely that most other sectors will very soon feel the pain too. So consulting, or any other popular MBA career choice, is not a safe haven.
In other news, G-day is only two weeks from now. I’m a bit anxious but very much looking forward to getting this over with.
September 15, 2008 at 3:24 pm
I’m very surprised this hasn’t dominated BW forums as well. Maybe applicants are too busy submitting for R1 that they forget what they’re going to B-school for.