MBA's Find No Jobs on Wall Street: Hard Lesson of Business School

The Boston Globe reports:

"It's shocking," said Akbar Thobhani, 31, a second-year student at MIT's Sloan School of Management in Cambridge, who interned at Lehman Brothers last summer and had hoped to land a full-time job there. "No one's getting offers now. They told us, 'Thank you for your summer.' Now a lot of us are reconsidering everything."

Many longtime faculty members and administrators say they have never seen a series of events with greater potential to transform the focus of business education - and the career trajectories of their students.

Should the federal government be subsidizing so many students going to school?