Written by Matt Symonds
The first time I saw a significant hit to the jobs market for business school graduates was two decades ago in the wake of the bursting of the initial internet bubble and the events of 9/11. Talking to people in career services departments at the time was a dispiriting experience. Mainly because few, if any, had anticipated the downturn in what had seemed to be an impervious hiring process.
The MBA careers panels that I have hosted in the past month with the Poets & Quants Editor-in-Chief, John A. Byrne are a lot more reassuring. Directors of Career Services from 23 of the top 25 US and European business schools who joined us for the CentreCourt MBA Festival described a resilient hiring market for their MBA graduates of the Class of 2020. They shared details of both sectors that remain committed to hiring top talent, including firms in consulting, tech, telecoms, supply chain and healthcare, and the analytical skills and characteristics of adaptability and resilience developed during the MBA that will serve them well.
While not exactly relishing the experience, most careers specialists appear to be keeping calm and carrying on, adapting to the circumstances forced upon us by the pandemic and developing ways to support students through the current uncertainties. Many speak of the proactive support of alumni who have themselves endured downturns such as the financial crisis a decade ago.
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