I had great aspirations to graduate from Baruch College with a degree in Finance and work for an investment bank, except there may not be any banks left by the time I graduate. This is the “land of opportunities”, yet I wonder if there will be any opportunities left for me and other Finance majors to attain our goals in the near future. For now, nothing seems secure. The state of the economy has gone bad and the financial market is dissolving right before my eyes!!!The management problem I will be facing this semester is surely career management. I believe the hardest decision I will have to make this semester is whether to continue my studies in Finance or to switch to another major. Every time I think about it, my head aches.
5 comments:
Don't worry about it man, the big banks might be closing now, but new ones will pop up. I like to think of it as a cycle; all these investment banks are scared now and changing their business model. However, soon enough there will be some brave soul who takes a risk, just like others have done so many years ago, and reap huge profits. Everybody will follow soon after, repeating the cycle. By the time you get out of college, the economy will be great and everybody will have forgotten about this whole Lehman Bear fiasco.
What's happening right now in the news is pretty scary. We're juniors so we have some time, but honestly is it enough time? I feel worse for seniors right now because it's going to be tough for them when they graduate. But looking on the brighter side, I think that there will always be jobs. Our economy always rebounds back from a down point and I don't think that it won't happen this time. Yes it will take time, but time is better than nothing.
To be brutally honest.. You're screwed, I'm screwed, most of us business majors are, BUT if you want to look at the semi-bright side, the people who worked for those companies are the kings and queens of being screwed because unemployment benefits can only last them so long. The thought of coming out of college and not finding an appropriate job scares me as well, but I suppose this is the business gods' telling us that we have to compete harder amongst each other and get the job before the guy next to us gets it! Sticking with your major is up to you, of course, whether or not you're going to be happy in the long run is a main factor to consider.
Well if all else fails.. There's always retail and restaurants hahhaa just teasing
I agree. I was actually in the same situation as you were. I was thinking of majoring in finance but after seeing how the economy is doing right now I'm not too sure. I'm thinking of marketing even though I don't see how far I can get with it. I'm actually beginning to worry if it was a mistake to do business in the first place.
I see you wrote about career management too. It’s very hard to get focused on it in our age. About what you wrote of the economy, don't think about the financial crash as a negative, think about all the opportunities in restoring companies that are not doing well. These companies won’t want the people that helped them get into this situation, they will want new young minds that will bring fresh a prospective and better solutions. Also the market crashes about every ten years so by the time you graduate it should restore itself. About your comment on me getting an internship, I was planning on doing it next semester, but just like your worry about the market, I have the same. If I quit me job and take an internship in a few month I will be left without anything and it’s so hard to new jobs right now.
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