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Old 07-08-2009, 03:06 PM
 
Location: Middle TN
7 posts, read 11,190 times
Reputation: 12

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I have been looking into several cities lately as I will graduate with my MBA in the Fall. I am aware that the Charlotte areas is suffering from a rather high unemployment rate (much like the rest of the nation) but I am still hopeful that I may still find a "decent" job.

My B.S. is in Finance and most of my MBA concentration has also been in Finance, although I have had experience in other business areas. I am just hoping some professionals from the area could give me some more detailed feedback about the real job market there.
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Old 07-08-2009, 03:11 PM
 
Location: Up above the world so high!
45,269 posts, read 91,665,082 times
Reputation: 39994
Quote:
Originally Posted by Tenn370 View Post
I have been looking into several cities lately as I will graduate with my MBA in the Fall. I am aware that the Charlotte areas is suffering from a rather high unemployment rate (much like the rest of the nation) but I am still hopeful that I may still find a "decent" job.

My B.S. is in Finance and most of my MBA concentration has also been in Finance, although I have had experience in other business areas. I am just hoping some professionals from the area could give me some more detailed feedback about the real job market there.
honey, no offense, and I do wish you well, but you'll have about a snowballs chance in hell of getting a job in finance in Charlotte right now. Good ahead and try, but really, you'd be much better off looking elsewhere.
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Old 07-08-2009, 03:21 PM
tja
 
17 posts, read 35,662 times
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I agree. Look other places until the economy comes back. Charlotte is full of people with your qualifications looking for work. You will need to know someone just to get an interview. Even temp work is hard to find.

Good luck. Sorry the news isn't better.
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Old 07-08-2009, 03:23 PM
 
257 posts, read 606,686 times
Reputation: 82
Since you graduate in the Fall (I assume Dec), maybe things will turn around a little by then. I would try for jobs in Charlotte but not get your hopes up too much. If you really like Charlotte, then I would take what you can get and then switch to a better job once the economy improves. Good luck!
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Old 07-08-2009, 03:28 PM
 
Location: State of Being
35,885 posts, read 69,647,342 times
Reputation: 22510
I would look for jobs in Knoxville and Nashville. Finance jobs here would be the worst job to look for - as those are the jobs that have been lost due to whole departments being shut down. So there are literally thousands of people out of work here w/ experience - and a large % of them have advanced degrees. People are having to leave the area to find employment in finance.

So I would get some experience under my belt, see where the banks and mortgage/securities companies are w/ employment in late 2010 or early 2011. Then you will be able to assess the situation and possibly move here.

Having some experience behind you will greatly enhance your chances of landing the job in the city you prefer.
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Old 07-08-2009, 04:14 PM
 
716 posts, read 1,398,698 times
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Even though the finance industry is going to tumble again this fall I would say to come on over and just start applying and see what you get, don't let other steer you away from possibly coming here.
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Old 07-08-2009, 04:42 PM
 
Location: Middle TN
7 posts, read 11,190 times
Reputation: 12
Thanks for the advice guys. I basically agree with all of it. Many of you have voiced my concerns in regards to an abundance of unemployed, experienced, quailified people. Due to the economy, Ive really tried to branch out and be more open with my job hunting. As many of you have mentioned, the Finance industry in particular is experiencing some serious (...although much needed) contractions.

anifani821, i agree with you about the market turning around in late 2010/2011 (at the earliest). Also, I love Nashville and am applying for various jobs there too. Im simply trying to get a feel for the area from some Charlotte locals.
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Old 07-08-2009, 05:20 PM
 
Location: State of Being
35,885 posts, read 69,647,342 times
Reputation: 22510
Quote:
Originally Posted by Tenn370 View Post
Thanks for the advice guys. I basically agree with all of it. Many of you have voiced my concerns in regards to an abundance of unemployed, experienced, quailified people. Due to the economy, Ive really tried to branch out and be more open with my job hunting. As many of you have mentioned, the Finance industry in particular is experiencing some serious (...although much needed) contractions.

anifani821, i agree with you about the market turning around in late 2010/2011 (at the earliest). Also, I love Nashville and am applying for various jobs there too. Im simply trying to get a feel for the area from some Charlotte locals.
I hope it didn't sound like I thought you wouldn't like it here. If you like Nashville and Knoxville, I think you would be fine here.

I just wanted to give you a real answer. My son will be asking these same questions soon and I am counting on CD to be upfront with him - realistic about the situation in the cities he is thinking about. So I thought I should lay it on the line.

Of course, you never know what will catch someone's eye on a resume! So as Hokie said - nothing wrong w/ applying to jobs!

Whatever you decide, congrats on reaching your education goals!
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Old 07-08-2009, 05:31 PM
 
187 posts, read 507,795 times
Reputation: 90
I just moved over from middle Tennessee myself (Franklin) in '07, and I LOVE it here. The traffic, people and other factors were really weighing on me in Nashville, and Charlotte feels a lot more like home.

Again, your mileage may vary, but having lived in both places, I much prefer it here.
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Old 07-08-2009, 05:37 PM
 
4,010 posts, read 9,230,202 times
Reputation: 1595
I agree with the comments above. A new graduate MBA coming to Charlotte for a finance job is similar to taking a bucket of sand to the beach in hopes of selling it.

I recommend that you look for a finance job in industries not related to finance. Anything having to do with energy production (except for the utility companies) would be a good bet these days. It's really the only thing not affected by the economy.
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