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 rรฉsumรฉ.”

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

and Its already been a month !!

Posted in Life @ Great lakes, Musings by Apoorv on May 24, 2009

ย 

2 years ago , when i was preparing for Gmat , I used to do two things . I used to study a lot and I used to eat a lot ,thanks to my mom ๐Ÿ™‚ . and now after 2 years , its time to shed the weight i gained then . Thanks to the hectic schedule here at Great lakes , I finally seem to be melting down . Its been a month and I already feel bit lighter ๐Ÿ™‚ .Accounting principles of credit and debit and depreciation seem to be at work !
oh btw I am 1/12th MBA now , having survived through the rigours of first month ๐Ÿ˜€ . Time just flew by over past few weeks since I landed here .
Quick updates from the campus : yours truely could get into The much coveted Placement commitee . Financial Accounting – 1 classed ended , I thorughly enjoyed classes of Prof. Surya sekhar . With heavy heart ,we bid good bye to him . I casually looked for his profile on school of accounting – Florida Int. University and was completely at awe looking at the accomplishments of the Gentleman . We will miss you , sir !! Prof. Krishnan`s classes ended too , relieved in a way for I wont need to go through texts of Upnishadas , Geeta and Vivekananda`s speeches as pre reads here after ๐Ÿ™‚ .ย 
Its been fun so far . Throughly enjoying life here , there is huge scope of improvement for me . I am taking longer time than I should to work at optimum limits . My perenial bete noire , bad time management , has not completely been taken care of . I hope to be better when it comes fighting with sleep in forthcoming days . ย 

2 years ago , when i was preparing for Gmat , I used to do two things . I used to study a lot and I used to eat a lot ,thanks to my mom ๐Ÿ™‚ ( off the topic : Those were the golden days seriously . prawns ,fishes , chicken . I would get anything I ask for , coz I was studying ๐Ÿ˜€ ) ย . and now after 2 years , its time to shed the weight i gained then . Thanks to the hectic schedule here at Great lakes , I finally seem to be melting down ( my melting down has got nothing to do with global meltdown , its got to do with pure veg food we get here ๐Ÿ™‚ ) ย . Its been a month and I already feel bit lighter ๐Ÿ™‚ .Accounting principles of credit and debit and depreciation seem to be at work !

oh btw I am 1/12th MBA now , having survived through the rigours of first month ๐Ÿ˜€ . Time just flew by over past few weeks since I landed here .

Quick updates from the campus : yours truely could get into The much coveted Placement commitee . Financial Accounting – 1 classes ended , I thorughly enjoyed classes of Prof. Surya sekhar . With heavy heart ,we bid good bye to him . I casually looked for his profile on school of accounting – Florida Int. University website and was completely at awe looking at the accomplishments of the Gentleman . We will miss you , sir !! Prof. Krishnan`s classes ended too , relieved in a way for I wont need to go through texts of Upnishadas , Geeta and Vivekananda`s speeches as pre reads here after ๐Ÿ™‚ .ย 

Its been fun so far . Throughly enjoying life here , there is huge scope of improvement for me . I am taking longer time than I should to work at optimum limits . My perenial bete noire , bad time management , has not completely been taken care of . I hope to be better when it comes fighting with sleep in forthcoming days .

Tagged with:

And am back to Land of Rajni …

Posted in Life @ Great lakes, Musings by Apoorv on May 17, 2009

And I reached chennai ย to start off with MBA . and as it happened in the past , the autowalla took me for ride again ๐Ÿ™‚ . I hope to be smart enough by the year end at Great lakes to handle these chaps in better way , thats the yardstick to gauge how much I could make out of MBA ๐Ÿ˜€ .ย 

And before I write anything further , well this space is going to talk about my life and experiences during rigours of 1 year MBA for time to come .ย 

Its been 3 weeks in chennai now , after fun filled first week at a resort on ECR road as part of orientation , we finally packed our bags and shifted to new campus on ECR road . I must say this place is slightly far from chennai , but one year MBA hardly gives you scope to fool around . ย It feels great to be part of bunch of 260 folks with avarage work ex of about 4 years .ย 

Classes started a fortnite ago . assignments , tests followed too and then the fun began . I am completely clueless how I am going to cope up with 3-5 hours of sleep a day , having slept for more than 8 hours a day for my entire life ๐Ÿ˜€ .

with couple of weeks , we had mid term of Accounts , a test of Marketing and Statistics . And we got going with our Empirical study project for Yale – Great lakes Empirical research projects .ย 

Having worked for 5 years , I was skeptical about my decision for personal reasons and for the shape of economy . Whatever doubts I had about my decision evaporated when I sat through convocation of senior batch . I think thats it for now ย shall keep on writing as and when I get some time . yeah , time is the most precious commodity here ๐Ÿ™‚ .

Tagged with: