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MIT Sloan School Students Undaunted by Bad Economy

When we met them last year, the students in the class of 2001 at MIT?s Sloan School of Management, one ...

 

June 15, 2001CIO

When we met them last year, the students in the class of 2001 at MIT?s Sloan School of Management, one of the nation?s leading-edge business schools, had already earned the reputation for being the most wired class ever on the Cambridge, Mass.-based campus (see ?Sitting on Top of the World,? May 15, 2000). They were the first MBA class anywhere to get their applications off the Web rather than in the mail. They established a community site on the Internet long before they set foot on campus. They Web-enabled student life with a host of online services such as a student photo directory and a calendar of events. They were idealistic first year students, enthusiastic for change and convinced of technology?s promise. They dreamed of leading companies down the path to eternal profitability, crunching numbers on Wall Street or working as a partner with a high-powered consultancy. Now they?re seasoned. They?ve returned to campus from summer internships with respected companies, such as Accenture and Cisco Systems, and are about to graduate. Last year?before the economy slowed to a crawl?CIO profiled five of the students to find out their goals, dreams and views on business in the new economy. Now, in light of massive layoffs, dotcoms closing their virtual doors and stocks dropping, CIO is looking back on how these hopes for the future may have been affected.

It turns out, the students? attitudes toward technology and the business world haven?t altered too much since we first met them. In the first place, these students were never enamored of Internet pure-plays and always tempered their excitement about technology with a healthy dose of sobriety.

But the fact that Internet startups no longer pose a viable employment option does render the job hunt more stressful than in previous years because:

  • Students don?t have as many options to pursue.
  • Recruiters have fewer jobs to fill since many companies have announced hiring freezes.
  • The fresh crop of MBAs now have to compete with people who have been laid off from dotcoms.
This year, the competition became intense while students interviewed on and off campus. The challenges of balancing their rigorous course loads with interviews and presentations while figuring out just where to take their professional lives were daunting?but the students we revisited all pulled it off. They are finding their roles as entrepreneurs and consultants.

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Meet Rising Demands on IT and Cut Costs

Strategies for Modernizing IT, Reducing Costs, and Improving Operational Efficiency
 

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Deliver Higher-Performing Technology Services with ITIL

Enable the business and your IT organization to cope with the effects of economic stress.
 

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Managing Client Systems in the Enterprise

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BMC Service Assurance Demo

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BMC Service Automation Demo

BMC Service Automation automates repetitive, manual tasks (such as provisioning, patching and compliance) to reduce...
 

BMC Application Performance and Analytics: Predictive Intelligence in Action

See the highlights of BMC's Application Performance and Analytics; a predictive, resourceful and intelligent soluti...
 

Taking the Service Desk to the Next Level

Listen to this conversation with Doug Mueller to learn how standards and processes have evolved to bring us the ser...
 

How to Reduce Eclipse BIRT Development Effort for Data Visualizations

Live Webcast: Wednesday July 15th 2 PM ET / 11 AM PT

Web applications can come with a long list of visualiz...
 

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Sandeep Swadia
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