What is good for Goldman Sachs is generally good for business school graduates. With Goldman reporting only its second quarterly loss since it went public in 1999, the job situation for MBA grads will not likely improve anytime soon. As we noted yesterday, because of the weak economy, fewer people are seeing the opportunity in business school, so applications are down. Still, the bold MBA applicant and investment banking aspirant can apply now as part of a less competitive pool and then strive to gain that coveted position with a pretty lean bank—prepared to quickly advance as the recovery comes, because of reduced competition as well.
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