There were lots of great companies at the event, and lots of very smart and eager students. I was interested to see what the two programs were doing to prepare the next round of MBAs for a very different career search...
Why is it so different this year? Well the obvious - companies aren't hiring MBAs like they were in the past: They tend to be much more expensive than an undergrad, less experience than an executive, and have more attitude about what they will and won't do (There was a great FedEx commercial on a few super bowls ago that was very poignant on the MBA 'tude). Also, many business students go into finance and investment banking - doesn't take an MBA to figure out why those numbers may be low this year. Third - and the reason I went - companies are trying to position themselves to be more competitive. More businesses are coming up around sustainability in renewable energy, socially responsible investment, affordable urban redevelopment, and sustainability consulting to name a few. There were definitely many more businesses represented at the career fair this year than two years ago. It was a positive sign to how much the industry has grown and the types of businesses doing a good job of integrating sustainability into their daily operations.
I wonder what this recession will do to the mindset that is often found in business programs. There is so much pressure and importance placed on salary and bonus structure that some students forgo the thought of balance. Wouldn't it be great if these businesses that are recruiting students focused on sustainability turned out to be the highly coveted jobs for the future?
In order for these sustainability-focused businesses to continue moving forward, it will be critical to fill the seats on their bus with eager, intelligent people who really GET sustainability and business. The old style of doing business is out. These firms will have to figure out a way to maintain their strategic advantage - not just through the services they offer, but also by keeping their companies attractive to top talent. Many times what these companies lack in top pay, they make up for in a fun, funky, and fulfilling place to work.
Anyway, I really enjoyed spending some time with the students and am looking forward to what the future holds. Good luck to all the 1st and 2nd years at both Fuqua and Kenan-Flagler business schools. It will be an interesting year.
Why is it so different this year? Well the obvious - companies aren't hiring MBAs like they were in the past: They tend to be much more expensive than an undergrad, less experience than an executive, and have more attitude about what they will and won't do (There was a great FedEx commercial on a few super bowls ago that was very poignant on the MBA 'tude). Also, many business students go into finance and investment banking - doesn't take an MBA to figure out why those numbers may be low this year. Third - and the reason I went - companies are trying to position themselves to be more competitive. More businesses are coming up around sustainability in renewable energy, socially responsible investment, affordable urban redevelopment, and sustainability consulting to name a few. There were definitely many more businesses represented at the career fair this year than two years ago. It was a positive sign to how much the industry has grown and the types of businesses doing a good job of integrating sustainability into their daily operations.
I wonder what this recession will do to the mindset that is often found in business programs. There is so much pressure and importance placed on salary and bonus structure that some students forgo the thought of balance. Wouldn't it be great if these businesses that are recruiting students focused on sustainability turned out to be the highly coveted jobs for the future?
In order for these sustainability-focused businesses to continue moving forward, it will be critical to fill the seats on their bus with eager, intelligent people who really GET sustainability and business. The old style of doing business is out. These firms will have to figure out a way to maintain their strategic advantage - not just through the services they offer, but also by keeping their companies attractive to top talent. Many times what these companies lack in top pay, they make up for in a fun, funky, and fulfilling place to work.
Anyway, I really enjoyed spending some time with the students and am looking forward to what the future holds. Good luck to all the 1st and 2nd years at both Fuqua and Kenan-Flagler business schools. It will be an interesting year.
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