After a weeklong internship at a bulge bracket European investment bank this summer, Mr Obletz was told he had a full-time job waiting for him when he graduates next May. But after watching Bear Stearns sold in a fire sale to JP Morgan, Lehman Brothers file for bankruptcy, and Merrill Lynch get bought by Bank of America, Mr Obletz understandably feels anxious.
“What personally strikes me is that one year ago those banks were on good footing,” he said. “With that in mind, it is cause for concern.”
As the credit crisis deepens and banks fight for survival, the mood on business school campuses is uneasy as students who had hoped to start jobs in the financial sector next year are looking for a Plan B.
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