Business Grads Looking Beyond Wall Street

“For the past decade, a job at an investment bank has been coveted. Now the implosion of Wall Street has not only shaken a generation’s ambitions, it has also unleashed them.”

See  Steven Greenhouse’s  New York Times article below for additional detail  and to find out where today’s Business School Grads are looking for jobs.

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Business Grads Looking Beyond Wall Street

 

Daniel Miller, Nanxi Ling, center, and Jessica Levy are graduating from Wharton this spring. Many in the class of '09 are discouraged about job prospects.

Steven Greenhouse, The New York Times

 

PHILADELPHIA — Riana Paige, an undergraduate senior at the Wharton School of Business, had a high-paying internship at JPMorgan Chase last summer and was disappointed when she did not receive an offer for a full-time job after graduation. Now she is pursuing a job teaching in Dubai, or working for a wine importer.

Click to see New York Times (Video): Life After Wharton

Daniel Miller, a Wharton senior who interned last summer at a boutique private equity firm in Manhattan, became so discouraged by his search for jobs in finance that he began thinking about becoming a rabbi.

Jessica Levy, also a senior at Wharton, the nation’s most prestigious undergraduate business program, was stunned when her supervisor at UBS told her that although she had done a terrific job as an intern, the bank could not offer her a job after graduation. Her dreams of investment banking quashed, she recently took the Foreign Service exam and is vying for a job at the State Department.

“A lot of my peers, we’re exploring things that we used to not even think of as an option,” Ms. Levy said. “A finance major who was minoring in music was suddenly looking into opening a jazz club. All of a sudden, I saw that a lot of Wharton people were interesting.”

For the last decade, a job at Goldman Sachs, Morgan Stanley or another investment bank has been considered the most coveted prize for many of the nation’s best and brightest college students. But the implosion of Wall Street — the vaporization of Bear Stearns and Lehman Brothers, the general humbling of investment banks — has not only shaken a generation’s ambitions, but also unleashed them.  More . . .

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Picture Credit: Laura Pedrick for The New York Times