Traditional ports of call – investment banking, financial services, consultancies and industry have all reduced their MBA recruitment markedly. Students are anxious and so are schools. Clearly one of the hardest hit sectors is banking.
However, John Benson, founder and chief executive of eFinancialCareers, a website focused on the student community notes: “Recruitment activity is down but not out.”
Banks are cutting back but they are not stopping their hiring, he adds. This is in marked contrast to 2002/03 (after the dotcom bubble burst) he says, when recruitment almost dried up.
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