NBMBAA Conference – Los Angeles, September 2010
Good news… bad news. Which do you want first?
The bad news is, many of our major targets for MBA recruiting (which you have shared with us directly and which we have identified through extensive research and outreach) are not engaging in campus recruiting this year.
The good news is, hiring is starting to move in the right direction… slowly and steadily upward. And there are great jobs out there for you which you will have the opportunity to access via non-traditional means, such as:
- Job postings (Freeman Link)
- Resume referrals (through the CMC and our alumni and recruiter contacts)
- Online recruiting (on company Web sites)
- Virtual recruiting (Skype, video conferencing, phone)
The CMC has been pounding the pavement, working to garner recruiting opportunities for our students around the country, in a variety of targeted industries and through a variety of outreach efforts.
For MBAs in particular, we have been hustling and bustling. We’re burning up the phones, hitting the streets, meeting with alumni and recruiters all over the country. We’re asking and asking and asking again for recruiters to bring job opportunities to you. We’re pestering the companies coming on campus to recruit undergrads and asking them to interview MBAs while they are here! When I say we’re hustling… I mean we are hustling!
At the NBMBAA conference in L.A., we talked to roughly 30 recruiters from companies ranging from consumer products to banks. I am pleased to report that companies are indeed, slowly but surely, re-engaging in recruiting.
The resounding trends garnered directly from these recruiters were:
1) Online recruiting Almost every company we spoke with says that no matter what other processes are in place, each and every candidate MUST apply via the company Web site as part of standard protocol. More and more companies are using their Web site as the primary and/or exclusive portal for intercepting talent.
2) Declining campus presence, limited number of “core” or “target” schools Some companies, such as Humana (which will hire roughly 15 MBAs for their rotational program this year, down from 20 in years past but back up from 10 last year) have cut campus recruiting altogether and are using the internet and phone exclusively. Many are down to just six or fewer campuses they will visit. They are relying more heavily on the internet, campus job postings, etc.
3) Job postings and resume referrals for non-core or non-target schools In many cases, Tulane is not a target school. Many companies limit their core school list to the top 10 business schools. Others do most of their campus recruiting in their own backyard (e.g. Texas) where there are plenty of good schools a stone’s throw away. Nevertheless, they are open to posting with us and seeing what kind of talent they can find.
Only when we present qualified candidates that match their business needs will we ascend the slope to cultivating a campus-recruiting relationship with these companies.
In the meantime, we’re following up with our contacts at companies with compelling rotational programs and job opportunities for our MBAs and will bring their postings to you on Freeman Link. Just a few examples:
In every case, these companies get large numbers of applicants for limited spots, so it is helpful to utilize the career center and our knowledge of/relationships with the recruiters to help identify the opportunities that fit you and for which you have a competitive edge.