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Is it a good time to come to US??

nachi

Joined
12/19/07
Messages
2
Points
11
I heard that there is severe job crunch in US right now.Most of the I banks are laying off people.Job scenario for FE 2007-08 batch are extremely bad.

Please suggest whether this is a good time to come to US or should I take 2-3 years of work-ex and come afterwards?
 
If you are coming to study it's a good time. Things will sort out before you graduate.

If you are coming to work with no experience it might be a not so good time.
 
It will take at least some years before the debris is cleared. On the horizon there are probably other more fundamental changes afoot that will change the nature of the industry -- at least in the United States.
 
If asked in a general context, this is the best time to come to America. The US dollar is at all time low against foreign currencies. People are coming all over to snatch up properties. Tourists come to buy things that are a fraction of the cost at home. NYC is as exciting as ever. A City that Never sleeps.

If you come to join an MFE program, then the question becomes which program. There are plenty of programs whose placement outlooks have been so bad the last few years the current market couldn't make them any worse.

So your goal becomes targeting the programs that have excellent placement record. This comes down to doing deep research since only a handful of those programs have the stats public. And there are ways to tweak the numbers to make it look good so just reading it on the website is not enough.

As for the job market, there are always to camps; bullish and bearish camp. If you follow the bearish camp, then it will get worse and worse. You can sit out and wait a few years. If you follow the bullish camp, then things will get better soon. The tricky thing is how to time your study so that you graduate when the market booms. The last few months have shown that we can't predict things like this.

I'm in neither camp. I'm in the "right now" camp. I'm with the belief that market condition is something I can't control so I'm not gonna waste several years of my prime time doing irrelevant things. I would do everything I can to get nearer to the goal of getting a job. The rest will take care if itself in due time.
 
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