One Whartonite Did Find A Job And The NYT Wrote About It
The job market! It’s pretty awful out there–but maybe not as bad as last year? According to an article in Tuesday’s New York Times biz section, “This spring’s college graduates face better job prospects than the dismal environment encountered by last year’s grads.”
And when you’re a newspaper looking for a handsome, hired business grad, where do you go? Why, Wharton, of course!
The article profiles Andrew Stern(who looks pretty cute in the photo! Call us! Wink!), a ’10 Wharton grad who’s been “snatched up” by financial services firm Deloitte. Stern, who concentrated in “organizational effectiveness” (hmmm), said good ol’ Huntmsan Hall was gloomy after the Lehman Brothers collapse in 2008, but that Whartonites are starting to see green again.
But no worries for Stern’s pals who didn’t get “snatched up.” “The vast majority of my friends that do not have a full-time job are going to graduate schools,” he explains. According to “Penn officials,” 22% of grads are in fact heading to grad school.
The reporter also talks to someone named Patricia Rose who we have never heard of but is in fact the director of Penn career services, and she has a nice little quote about graduates playing Bar Mitzvah dancing games.“Last year, people found employment, but there was a sense of musical chairs, that if there’s an empty seat, take it. This year, there’s a little more sense of ease,” Rose says. Whatever, we prefer Coke and Pepsi! Or the Electric Slide!
Tags: Campus, business, employment, graduates, new york times, The New York Times, unemployment, wharton
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By SDF on May 24, 2010 at 6:55 pm
“The article profiles Andrew Stern(who looks pretty cute in the photo! Call us! Wink!)”
I’m taking you out on a date if he doesn’t call Hillz.
he has a girlfriend…
YA, THAT GF IS ME!
Ha! Soon you’ll stop rubbing your Deloitte job in all your grad school-bound friends’ faces and realize that they have it pretty sweet.
Sincerely,
Penn Grad & Current Deloitte Employee
“Companies are returning to campus, and they’re confidently hiring,” said Andrew Stern, a Penn graduate and Deloitte employee.
Yes, Deloitte is confidently hiring because of the massive layoffs through the first half of 2009. Enjoy your job until Roubini’s double dip theory becomes a reality and your neck is first on the chopping block.
What? You don’t know who Roubini is? Oh, that’s right, you went to Wharton.
I hear Deloitte is a miserable place.
they must have hired him for his pensive looking-off-in-the-distance skills.
@ 1st anonymous poster: I don’t know what to tell you. Are you jealous of grad students because of their free time amidst their return to academia while you work at a desk and earn money? What do you know about living on a meager monthly stipend?
@ the 2nd anonymous poster: Your comments give me the impression that you’ve got a bit of jealousy in you. Are you implying that Andrew Stern wouldn’t know Roubini’s theory because he went to Wharton and Roubini teaches at NYU’s Stern Business School (coincidence?)? Allow me to give you a lesson…
You’re clearly not familiar with the Wharton Undergraduate curriculum, or specifically, the ability for Wharton students to take a significant number of classes taught at Penn’s other three undergraduate schools. Having knowledge of the theory or not, obtaining a job directly out of school following graduation and earning a significant income is a vastly superior position in comparison to a graduate school student who would typically be increasing their level of debt through loans in order to pay their tuition. Given the uncertainty in the markets and the risk of a “double-dip” that you claim to be aware of, it would behoove you to accumulate assets (cash) to pay off one’s liabilities (debt) rather than to increase one’s debt levels now and pray for a strong job market upon graduation.
But anyway, let’s say he gets fired 9 months from now. What has he gained? Professional and personal experience, another strong name for his resume, greater responsibilities, and a firsthand lesson of the rough-and-tumble job market. What has he lost? A job and time. Not much there to be regretful of…
And, as an addendum, I’d say it’s very likely that the majority of the firings had to do with senior executives and managers who command much higher salaries and are thus are much more expensive for Deloitte to retain while, in contrast, hiring at Wharton (for undergraduates) is targeted at filling entry-level positions. Given that the firm cut down hiring numbers in 2009 and has increased hiring (at the bottom of their organizational hierarchy) for 2010 (while still nowhere near the figures from 2006), the firm clearly has confidence and has made significant preparations for persevering and expanding in the midst of this shaky economic recovery.
um sorry but the kid looks gross. and Deloitte? Eww.
To Wharton Alum ’10:
What do you know of living off a meager monthly stipend? I assume nothing either. Sounds like throwing stones from a glass house.
For many, the prospect of a monthly stipend doesn’t sound that bad. Universities are the centers of knowledge and college is one of the most enjoyable times of life, and undergraduates are paid nothing for it.
It seems like your entire post is motivated by the all-mighty dollar with the discussion of meager stipends, and your discussion of “accumulating assets.”
I feel sorry for you. You’re in too big of a rush to go out in the world, flash your Wharton degree around, and try and make some money. You’ll soon learn that degree is just a piece of paper and must be secured with substance. Wharton does not give you all the tools you need to be a millionaire or to even be successful, there is a gap you must bridge yourself. Some have what it takes, and some do not. That piece of paper isn’t a ticket taking you where you need to go, its an invitation to apply what you have learned to your personal pursuits.
I would love to be a fly on the wall when some state school grad shows you up at work, or another elitist from a great school beats you at your own arrogant game.
It’s when I read ignorant posts from people like you that I wish to mail my Wharton degree back and get one issued by the College.
Sincerely,
ALUM