Reflections of My life and My thoughts ..

B school Grads : Looking for job in times of recession

Posted in Jobs, Life @ Great lakes by Apoorv on June 18, 2009

I had to summarize an article from business week related to job hunt in the time of recession for MBA grads for placement committee. Thought I will post it here too , as it makes good read .

The article keeps MBA class of 2009 as target audience and draws examples from students class of 2002 as both classes entered the market at peak of recession . Article states that finding job , career switching becomes extremely difficult in such times . Students need to be patient and many cases, they need to put their ambitions on hold for few years before market starts looking up again .

Aaron McNally graduated from UC-Berkeley’s Haas School of Business in 2002 . McNally was looking for a tech job after spending his pre-B-school career in the TV industry . After MBA , he worked part time on campus to make ends meet for an year while hunting for job parallelly . Finally , he gave up on Tech job and he started with job in TV industry in 2003. He was running financial analysis on new projects for the company’s satellite properties. He continued there for 4 years and in early 2007, a position opened up at Google in its newly-formed TV advertising platform which was perfect match for his earlier ambitions .
The poor job market forced Aaron to be flexible about the kind of positions he was looking for. Ultimately, he reverted to his former career path, but in the end he arrived where he wanted to be .

Amy Brooks graduated from stanford in 2002 after leaving her job at Sun microsystems .Her initial plan was to use the MBA to break into the sports industry, but based on the job and internship outlook, she put the career switch on hold. She had interned with Bain & Co. and returned back to school with job offer from Bain . She wanted to find job in Sports industry by the end of college though .But when that didnt happen, she joined Bain as consultant and worked there for 4 years .When the sports job she had been longing for came around in the form of a marketing partnerships position at the National Basketball Assn., Brooks was ready, thanks to her experience at Bain.
It’s true that the position she accepted right out of B-school was not exactly on the path she was seeking, but it led her to a job she wanted. “If you can see a position as a stepping stone to where you eventually want to get to, take it,” she says.

Aparna Narang graduated from Kenan-Flagler School of Business in 2002 .Aparna was keen on finding a position in renewable energy which was a fledgling industry then .she got involved in the Sustainable Enterprise Program on campus, which gave her exposure to people working in the industry. A few of those individuals worked for Dupont and were able to help her secure a summer internship at the chemical company working on a “solar initiative.”By second year , job climate had worsened though . She continued her job hunt over next few months .She began talking with a contact who worked at General Electric whom she had met earlier in the year. Over the next six months, the talks with GE became serious until finally, in April, she was offered a position in the company’s renewable energy leadership program.

The article concludes with emphasizing on importance of networking in these times of recession . Few quotes of students which deserve special mention about networking are :

“You’ll have better success finding jobs through who you know than what you know,” Murphy says.
“The people I know who find jobs the fastest tend to be the ones who take advantage of the network and who aren’t afraid to ask people to take a look at their résumé.”

For the above members of the Class of 2002, the job search was much different than expected, but with focus, flexibility, patience, and a little luck, each was able to find the position they were looking for. It just took a them a little longer.
If there’s one thing the MBA Class of 2009 can take from the experiences of the 2002 grads, it’s that nothing’s forever. It definitely can get frustrating . It may not feel that way right now, but anyone that’s had access to a great education is in a good spot and things will work out eventually.

The article can be read at :

http://economictimes.indiatimes.com/Features/Layoffs-in-IT-sector/MBA-tales-Searching-for-work-in-a-recession/articleshow/4663315.cms

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