Regina Resnick, senior associate dean at Columbia Business School and senior managing director of the career management centerThe coronavirus will have some impact on MBA recruiting for internships and full-time jobs, but it's still too early to know exactly how the job market will shape up.
The classes of 2009 and 2010 found opportunities within the disruption to create their own startups, including alum Jon Stein, CEO and founder of robo adviser Betterment. "As much as I'd love to reassure the students that everything will be fine at the end of the day, that would be unfair," Regina Resnick, senior associate dean at Columbia Business School and senior managing director of the career management center, told Business Insider.
Resnick students said that for Columbia students, so far only one smaller firm is not onboarding summer interns, instead fast tracking them for full-time positions; and another small consulting firm is delaying start dates. She attributes some of this to the skillset of MBAs, which can be valuable in times of disruption and lends itself to remote work.
Resnick gave the example of the class of 2009, who graduated in the midst of the worst recession since the Great Depression. She said that class was especially flexible, with some turning from investment banks to founding their own startups, or creating new roles at the organizations they were hired into, eventually transforming industries.the CEO and founder of roboadviser Betterment,This flexibility, and ceding of some control, doesn't mean that students should be inactive.
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