Update 2011

2011 - Still in NYC now a 3rd year associate in Structured Equity Finance with one of the bulges.

I moved banks once, this is harder than it looks. Don't underestimate the contacts you build up in banking rotational programs and in your first 2 years.

People have moved around like mad! MBA's really do change jobs. Bankers and consultants running normal firms, etc. Now you know why its a general management degree.

My class of '08 Cluster contacts are beginning to leave NYC and disperse round the country. Invest time in touching base or other networks. Write to guys who leave your team in a bank, touch base with your old work places, don't coast. Some merger of personal and work life (which as an Asian I still recoil from) is enevitable.

On the whole people doing well. Some more self-questioning on what return they got on b-school if they weren't career changers , but I suspect this is "grass is greener" stuff and confuses the effects of post-crisis economics with the MBA. The guys who went back to thriving economies (Asia) seem OK.

Green card processes in the US now suck (Thanks Obama! Change!). I know Indians with awesome experience transferring to Asia solely for this reason. At the same, time banks worldwide are shifting more and more middle office out of US and Europe to Asia. So we'll get to find out in a few years if the government has defended jobs Americans want or moved more industries offshore.