Hi everyone,
As you all may or may not be know (not really sure why anyone would not know), we have been going through a recession here in the US since 2008. With crazy things happening such as Lehman Brothers, Bear Sterns and Merrill Lynch being sold at fire-sale prices, Goldman Sacs and Morgan Stanley becoming commercial banks and the financial market just going down under, the economy has been experiencing hard times.
You might be thinking where I am going with this. Well, to answer that in simple terms: Jobs!!!! Just ask anyone that graduated in 2008-2009 with a bachelors degree, particularly one that was in the business related field and more specifically in Finance. It was and still is to a degree a horror to go to countless interviews and find yourself among the large number of people that got laid off from the above mentioned firms. Almost all of them having 5, 10, 15, or even 20+ years of experience is their respective positions. To add to that was their company financed MBA, CFA, CPA or other certification degrees. Among them are people like me and myself included; fresh out of college with a bachelors degree in Fiance and Investment and minimal real world experience. I am sure many of you can relate.
It is this very notion that has driven a very large chunk of the labor force back to school. Lets face it, a Bachelors degree in today's job market is comparatively as good as a high school diploma. The big difference between the people working towards their MBAs and/or other certifications now compared to before this recession is that back then people would acquire these further education completely or vastly financed by the firms they worked for. Now, instead, people are acquiring these further education completely out of their own pocket only to be able to land a decently well-paying job. Before these further educations where a means of getting a promotion; advancing within your firm. Now it is a means of actually starting your career.
I just hope that all my effort to stabilize my career will payoff. I wish you all that are in similar predicaments the best of luck. Hope all of you are able to come out of this recession healthy and financially sound.
- Rajat
As you all may or may not be know (not really sure why anyone would not know), we have been going through a recession here in the US since 2008. With crazy things happening such as Lehman Brothers, Bear Sterns and Merrill Lynch being sold at fire-sale prices, Goldman Sacs and Morgan Stanley becoming commercial banks and the financial market just going down under, the economy has been experiencing hard times.
You might be thinking where I am going with this. Well, to answer that in simple terms: Jobs!!!! Just ask anyone that graduated in 2008-2009 with a bachelors degree, particularly one that was in the business related field and more specifically in Finance. It was and still is to a degree a horror to go to countless interviews and find yourself among the large number of people that got laid off from the above mentioned firms. Almost all of them having 5, 10, 15, or even 20+ years of experience is their respective positions. To add to that was their company financed MBA, CFA, CPA or other certification degrees. Among them are people like me and myself included; fresh out of college with a bachelors degree in Fiance and Investment and minimal real world experience. I am sure many of you can relate.
It is this very notion that has driven a very large chunk of the labor force back to school. Lets face it, a Bachelors degree in today's job market is comparatively as good as a high school diploma. The big difference between the people working towards their MBAs and/or other certifications now compared to before this recession is that back then people would acquire these further education completely or vastly financed by the firms they worked for. Now, instead, people are acquiring these further education completely out of their own pocket only to be able to land a decently well-paying job. Before these further educations where a means of getting a promotion; advancing within your firm. Now it is a means of actually starting your career.
I just hope that all my effort to stabilize my career will payoff. I wish you all that are in similar predicaments the best of luck. Hope all of you are able to come out of this recession healthy and financially sound.
- Rajat
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