Boom Time for MBAs

(Forwarded from Ambal...thanks):

It's a great time to be an business school student, especially if you want to get into finance. According to the Financial Times, this year is the most competitive since dot.com bubble popped. The main source of activity seems to be private equity firms and hedge funds. Boutique-like investment firms and real estate companies have also become more active; in addition to the investment banks. The number of recruiters has risen. And they're paying more to attract talent. So we're seeing more students get multiple offers.

http://www.msnbc.msn.com/id/18909425/

My take:
I'm wondering if it's better to be off-cycle or on-cycle for business careers. There's a strong trend toward PE these days, which means a glut of talent going into the field for the big $$$ that are flowing in. But that's not necessarily a good thing. Remember when investment banking, consulting, .com startups, and VC were all the hot flavors of the day?