This morning, the New York Sun observes (“Market Volatility May Result in Fewer Jobs for MBAs”) that the recent turmoil in the sub-prime mortgage sector and thus the financial world in general, may cause financial firms to scale back their hiring practices.
In this article, which includes historical compensation and hiring statistics, NYU and CBS also take the time to rebut the Sun’s speculation. Both schools essentially state that their students are insulated, due to the schools’ deep connections across industries and the students’ abilities to adapt to an evolving job market. Of course, this is not entirely true, as students were not insulated from the tech fallout, but what else can an MBA Admissions office really say?
