MBA job market situation Post 1. zanat0s and students. who is right?
read original @ http://zanat0s.typepad.com
I just found out that my next ,meeting is one hour away by taxi. so instead of sleeping in the cab(something i desperately need) I will post some random thoughts.
It seems i love to blog, sometimes seriously others not so much. I was at Insead last week for a project and was talking with the director of career services. out of the blue a student interrupts us. He asks me if I am zanat0s. I don't deny it....
Then he thanks me for having post so much information online and for being such a strong advocate.
needles to say that the directors was astonished(in a good way! The previous word was wrong since English is Not my first language). Now to another point regarding the job market.
I met some of the July 08 promotion(the one who replaced us) and I heard they were fearing that the job market was in not in a good shape. The students all seemed to have the same fear, finding a good job.
I am not dancing to their tune but probably i am safe and talk while sitting on a cushion. Let me clarify my position and argue.
It is true that the situation in the states is bad. Yes it is bad. Bear steans was bought for 10 bucks per share. write downs are making headlines. The housing market is in turmoil and for the first time the us consumer is stopping to buy.
But look at other countries. Start with the negatove factors. First there is an exportation oif inlfation, food is becoming a luxury(for the poor), staple items are not enough to go around. IMF says the tensions for food will increase. Oil is over 100 dollars and other commodities have become premium priced. Stabilioty is decreasing globally(look at iram, afghan, Iraq, Egypt, and others. Lets not forget global warming(which according to the Bush administration is hyperbole).
But look closer. Europe is still growing all right if you factor in that the euro(my fave currency and I am proud of it, who cares about the pound anyway) is still strong(i hope it goes on like this). Germany is still the worlds top exporter( i totally respect and admire that nation), Asia is busting with growth(with the usual exception of the isolated grey island ). Singapore property market is just a way to become a quick neorich. China is China and even with this negativity still is transforming. Australia is enjoying the commodities(excuse me I meant uncalled appreciation of prices). Latin America is scorning the Usa.
Generally the world will grow this year at above 3%, hardly a slow down or a recession. so what is happenning?
more to my next post which i analyse the situation at different MBAs in the states and @ insead.



