US Slowdown impacting MBA Job Markets

Hi Guys, Since many of us are plannning to go to the West for study, I thought it wil be better to consider the impact of US slowdown on MBA Job market. As we know, US Markets are slowing down and since this is one of the major world ec…

Hi Guys,

Since many of us are plannning to go to the West for study, I thought it wil be better to consider the impact of US slowdown on MBA Job market.

As we know, US Markets are slowing down and since this is one of the major world economies, this may impact jobs for MBAs in the short-term. The offers which MBAs get now may not be lucrative, especially finance. We can stil not forget the 2000 and subsequent years for IT PRofessionals.

I have got an admission from Queens and I m planning to ( not sure though) defer my admission to next year considering the fear of a US slowdown and I may find it difficult to end up a good job.. With a high educatoin loan on my head, I am even more concerned.. I believe this may sound weird to some of you. But I want to make up a calculated move rather than ending up in a trouble.

Well till now the admissions and jobs have not been impacted, but from my viewpoint, the main impact should be seen in this year's job placements ..

Guys, please pour in your viewpoints so that we can analyze this aspect as well..

Regards
Kunal

A similar debate is goin on at the following link..

Debate - US MBA better now or later? - ScoreVille : GMAT Test Preparation and Practice

Dude you can find all your answers here....please post any query you have here...hope this should help you....

http://www.pagalguy.com/discussions/us-visa-capcompanies-in-us-wont-hire-international-25023570

I would request moderator to please close this thread.....cheers and thanks!!

sgmat

Dear sgmat

Thanks for pointing me to that thread. But the issue raised here is entirely different.

the issue raised here is that of US recession and slowing down of its economy and its impact on all MBA jobs in general throught the globe esp in US, its surrounding economies and Europe.. Even Asia may not be able to bear the brunt, we can still not forget the 2000 blow !!


The issue raised in th other thread is that of H1B visas and its impact on US MBAs


So request the moderator to keep the thread open..

Regards
Kunal

Well you all have to be happy about one thing - no matter if US slows down India keeps forging ahead so getting a job in India will not be an issue . The only issue I can see is of replaying the loans but even then India job is a still a secondary option which you can rely upon, the job market is still not very bad especially for consulting and marketing sectors . As for the future no one can predict it , people rushed to do MBA in 1998 thinking they will strike gold in 2000 but in the end they did'nt get any jobs so just by looking at the current market conditions ( long term bear market ) you still cannot predict the market after 2 years.

As per me , I am going ahead with my MBA this year , not only does this help in my advancing my career but also offsets the lack of growth of my career now if I stay in the industry ( due to market conditions again ). But then this is my opinion !!

I completely agree with MBAbuster. One should always know why he/she is doing an MBA. Whether you want a career growth or money, irrespective of the market, you will find yourself in a better position than what you are now. And when we are talking of market, we are considering market as a whole. So whether you are an MBA or an Engineer, you are affected anyways. For eg: the current IT industry is badly hit, especially the Indian IT industries. The reason : US recession. But aint MBA s getting affected? Yes they are coz they belong to the same industry. But the impact on an MBA grad is absorbed mostly by the people working at the development level.

Again, at the same time, Industries like Retail, Power and Real Estate are booming in India.But a person who is an IT specialist ( I mean a technical fellow), does he/she have enough scope to switch to industries? The chances are bleak. Here an MBA will make a difference.

Doing an MBA is always an addition of a feather in your cap, no matter where you belong or what you do. Think about it. Atleast the industry thinks so.