Students that planned to make a career in finance are still hopeful the market will bounce back up and they will find positions.
Wall Street recruiters have canceled or postponed visits to elite universities like Harvard, Princeton and Stanford, because of the state of the markets, according to the New York Times. Still, business and finance students at schools across the US said they were not panicked about their futures and were confident that the financial markets would recover.
What's the backup plan? One student from Princeton said everyone is "studying for the LSATs right now, people who a month ago had no intention of ever going to law school.” Other students say they plan to look in different sectors or several areas to improve their chances of finding a job instead of specializing in one like they might have before the turn of the market.