Bad Time for Business School?

The recent bad news on Wall Street is also bad news for the country's business majors. As a recent Newsweek article discussed, the floundering of Lehman Brothers, Bear Sterns and other major firms means fewer internship and employment opportunities for college students in business and finance. Many Wall Street companies are cutting back or freezing their recruitment of students.

Does this mean that prospective college students should shy away from a business track? Probably not. When today's college applicants are handed their diplomas five years from now, the current financial chaos is likely to be a thing of the past. And even with the current uncertainties, students graduating from top business schools will find many employment opportunities if they're willing to explore options outside of the struggling Wall Street firms.

For more business school information, be sure to visit Karen Schweitzer, About.com's guide to business schools.