How has the collapse of the auto industry affected students career trajectories?
When I was a student here back in 1999, a lot of people took jobs in the automotive industry. I even took a job in the automotive industry; I worked for Delphi. So my perception as a student was that lots of Broad MBAs end up in the auto industry. To my surprise, when I came to the admissions department four years ago, that had completely changed. For at least the last four years, the automotive industry hasn’t taken as many Broad MBAs. They are taking MBAs, and we do have interns who are going to the car companies, but I think the real change in the automotive industry hires happened well before the recent economic situation. I’m delighted to know that we have a set of students—more than two I think—who are going to one of the car companies this summer because they recognize us for our talent. So it is concerning but at the same time, it’s also hopeful. Last year’s class had an admit rate of about 1 in 3. Is that likely to change this year? No. Our selectivity has pretty much stayed c
