MBA grads should fear the current and long term bear market we are rapidly sliding into. Although I have had my MBA for quite some time and never really found it beneficial since it didn't come from a well known college such as Harvard, etc... I suspect people in the banking industry or any industry that doesn't require a technical proficiency will be laying off people regardless if they have a MBA but I also suspect those young grads that currently have somewhat stable positions will survive better than the higher paid older employees since as always, it is people like me who get the boot first.
One of the comments made by Ms. Pai, where she said that "But now I think I just need to focus on what I can do over the next six months to make sure I don't get laid off" is something that I think a lot of people, not just MBA grads, are feeling. Now more than ever it's important for employees to make sure they've got advocates within the company, that that they do good work that's recognized, and that they are prepared in case they are affected by layoffs._________________Resume to ReferralResume and Career Serviceshttp://www.resumetoreferral.com
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