The economic downturn has forced important changes in the financial sector and this has impacted a number of other activities and sectors. The new scenario has forced a large numbers of companies in different sectors to downsize, restructure or discontinue operations.
But not all is doom and gloom. That what it seems to indicate the recent survey conducted by the MBA Career Management Council that groups the Career Management Center professionals working at Business Schools from the US and Europe. In a recent press release, it´s President Kip Harrell have indicated that despite of the very difficult job placement environment there are still areas where opportunities will open for MBA graduates in 2009.
Almost 75 percent of schools that responded to the survey reported decreased recruiting activity in the financial services sector including venture capital/private equity, commercial banking, investment banking and real estate. Many of the survey respondents say companies may not yet know their needs for the Fall 2009 MBA recruiting cycle, but may know more after the Spring quarter.
Despite the economic downturn and reduced activity across most sectors, the survey shows some good news. MBA recruiting activity is stable or slightly increasing in Healthcare, Pharmaceuticals, Energy and Government/NGO. “For some smaller and medium sized-companies and because MBA level jobs are scarce, there is some good news in that these companies can now attract MBA talent that they may not have been able to afford in prior years,” said Kip Harrell, president of MBA Career Services Council, an association of business school career management offices that compiled the 2008-09 Winter Survey.
This analysis indicates that as it has happened in the past most of the new employment is going to be created by new small and medium sized businesses and ventures, a key economic springboard for the economy.