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The Best Time to Be a Student December 5, 2008

Posted by A Texan In Grad School in Uncategorized.
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is a recession.  My “income” is largely student loans.  Interest rates are really low.  Also, being in Southern California, one of my major expenses is gas.  I was really worried when I made my budget for this semester how much gas I would use.  Now with gas quickly approaching $1 a gallon, I am way under budget.

The flip side of this is internships.  A lot of firms, especially in finance and energy (where I want to work), are cutting back on their internship programs.  Even worse than the internship situation is the situation for fresh graduates.  I really feel sorry for my classmates who will don caps and gowns this December and May.  But, while the competition if fierce, if you are sufficiently flexible about what sectors/firms you would work at, you can find a job.  A lot of firms will cull their mid-level ranks for people who have high salaries and low productivity.  Then they’ll hire a new grad for a fraction of the cost.

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