MBA Graduates React To Recession
Thursday, May 21, 2009DARREN GERSH: It is graduation time and the newly minted MBAs are hitting the job market this spring are in an unusual position. They started their education just as Wall Street crumbled and now they're finding their way in a very different economy. To see how that has changed the graduating class, we recently visited the University of Virginia's Darden school of business. We asked three new MBAs how their job prospects and lives have been shaped by the recession.
JACLIN WARNER, MBA GRADUATE: So I think that this crisis that we're in right now kinds of makes people reflect a little bit and reevaluate what priorities are and what values are and maybe, hopefully shift people back into a direction that's more honest.
LEILY SAADAT-LAJEVARDI, MBA GRADUATE: I would think that a lot of consulting and financial services firms have been able to kind of snatch up MBAs in a sense prior, um, to this, um, situation that we're in and now a lot of MBAs are opening their eyes to other options.
ADAIR NEWHALL, MBA GRADUATE: I would say that no one is immune from these types of shocks -- cataclysmic shocks in the economy -- and so you see high-network individuals getting affected and it all trickles down to the students.
GERSH: Tomorrow, we'll return to the Darden school of business to get Dean Robert Bruner's thoughts on the economic crisis and the challenges facing his newly-minted MBAs.
