In a recent Reuters article, MIT Sloan students had a rather optimistic outlook on the job market, considering how gloomy it has been for the past couple of years. As they returned from their annual “Tech Treck” job trips, in which they visit employers all over the United States, students expressed that they think the worst of the bad job market is behind us.
It sounds as though companies — especially the more tech-oriented ones that Sloan students visit — could finally start hiring again this year. While it will likely be a while before companies again start hiring at the levels that MIT Sloan and other top business schools have grown accustomed to, it sounds like the trend is clearly positive.
According to the article:
“Our MBAs are unbowed, and they came back with a lot of gusto,” said Sloan adviser Paul Denning, who has made the trek to California for several years. “The general consensus is that things are better, particularly in Silicon Valley.”
Last year, Denning said, even tech giant Google, “was really not hiring. Everything had contracted after the financial market collapse.” Now, green shoots are popping up.
Like those of other top business schools, MIT Sloan graduates find themselves choosing among multiple six-figure job offers, but that changed last year, when even healthy and growing companies such as Google significantly cut back on the number of Sloan grads that it hired. Now, as companies expect demand to warm up and some spot opportunities that they will need managerial talent to go after, grads at Sloan and other top business schools can expect the job offers to start flowing again, at least more than they did last year.
For MBA students who will graduate this year, many of whom still hope to land jobs before they graduate this spring, the news that some companies are ready to hire again is obviously a very welcome sign. It’s even better news for the Class of 2011, though — assuming they can find some sort of meaningful internship work this coming summer, they still have at least a year’s more time for the economy to warm up again before they they need to find full-time work. And, the job market for today’s applicants (the Class of 2012) looks even rosier, assuming that a steady thaw continues.
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