Powering Through a Financial Crisis in Bschool

The economy has created a different outlook for many bschool students and graduates.  An industry that once guaranteed graduates a well-paying career has now shut its doors, remaining closed for an indeterminate amount of time.  Therefore, many business majors have been forced to look elsewhere with their business degree, creating a new niche in the business world.
   
Many students have treated the economy and bschool in different ways: some have left the school in pursuit of a less advantageous major that their parents would never have previously let them strive for.  Others have opened up new businesses, combining other degrees with business degrees.  And yet others still wait for a phone call from a potential employer.  Similar to the Great Depression, careers that were once in high demand have now shifted dramatically, leaving many students scrambling for alternate degree options.  Bschool students, however, have only changed the spectrum for the degree, thereby continuing the program while still earning a substantial degree.

Bschool programs have now changed to cater to a new economic outlook, preparing students for all possible scenarios since it is impossible to predict where the economy will be in a few years.  However, students have now been offered the opportunity to become more creative with their majors, combining business degrees with the arts or music, something that was previously difficult to do.  All types of businesses have opened up in recent months, from artsy-furniture outlets to online dress sites that rent users designer dresses for $50.  Students are beginning to look away from a future investment banker position and now are looking toward an uncertain future, but a future that offers a wide array of possibilities. 

For many students, this outlook is depressing, especially if they craved a Wall Street financial position.  However, simply tweaking this future to become more realistic does not mean that your degree will be useless when you graduate.  Rather, we are on the edge of an innovative business era in which students are once again forced to think outside the box and create career niches that were previously unheard of.  Instead of lamenting to ourselves that we will never crawl back to our previous banker position, we should remain optimistic that bschools will arm students with the necessary means to pursue alternative aspects in the business world.

Creating independent businesses may seem to be a risky endeavor, but thus far has proved itself to be the saving grace of the financial crisis.  Many businesses have remained stable despite the rocks from Wall Street because they were not substantially connected to this aspect of business.  Finding a way to prevent future business disasters from occurring is one way we can solidify our economy to better withstand the next financial crisis.  In the meantime, exploring other applicable business options has proven to open doors to a slew of new possibilities for every bschool graduate. 

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