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MBA Job Outlook Gaining Steam for 2004

The job market for recent Berkeley MBA graduates appears to be strengthening significantly for 2004 after several years in which employment prospects for business students nationwide were limited by a troubled economy, according to Abby Scott, director of MBA Career Services at the Haas School.

The improving US economy will benefit Berkeley MBA students who graduate in May, Scott says. She and her colleagues are also optimistic about the prospects this spring for continuing increases in job opportunities for second-year MBA students, as well as for first-year students who will soon begin seeking summer internships. Scott reports that on-campus interview schedules for second-year Berkeley MBA students are up 20 percent this year over the previous year.

"It’s always great news when the number of interviews scheduled goes up, because they represent real job opportunities for our students," says Scott.

In another sign of an improving business climate, several firms have begun recruiting second-year MBA students at Haas for the first time, including L’Oréal, Think Equity, and AT&T Wireless.

Consulting, finance, high tech, and consumer products firms were among those returning to recruit second-year students at Haas last fall. These included mainstays, such as Accenture, A.T. Kearney, Bain & Co., Clorox, Johnson & Johnson, Lazard, Microsoft, Prudential Capital Group, and Wells Fargo.

"The feedback I am getting from recruiters is very positive," says Scott. "The Berkeley MBA students are prepared and well informed about the positions for which they are interviewing. Recruiters also appreciate some of the new services the recruitment team provides, such as curbside parking and lunch with Haas staff and faculty."



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