While other aspects of the economy may be picking up and returning to pre-recession levels, reports a BusinessWeek article last week, MBA internship hiring remains low. Many top business schools report that internship hiring is stabilizing, but the numbers are still too low to secure all MBA students an internship this summer.
At least, as Jack Oakes, UVA Darden‘s director of the Career Development Center, says, “There’s no way it could be worse or the whole country would be in dire straits.” According to Oakes, internship conditions are better than last year, but there’s still much room for improvement.
MBA students are forced to make big changes in searching for an internship this year. They’ll need to expand their options, get more involved in networking, and possibly settle for a non-ideal position. Also, waiting around for the internship of your dreams or for a particular company to make its decision before you accept or decline another offer, have both become luxuries of the past.
Georgia Tech College of Management has set a new requirement for internship recruits: They must have a good attitude. To survive in this job market, you’ve got to ditch all feelings of entitlement—no one wants to work with an “arrogant MBA,” explains Jim Kranzusch, the school’s executive director of MBA career services. “We tell students we’re not going to use the economy as a reason for not being successful, he says. “There are enough jobs for MBAs. Students might have to work harder to get them.”
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