Knocked Down the Mountain: How Covid-19 is Disrupting a Future Generation of Leaders

The impact of Covid-19 has been jarring.

Much of the U.S. economy has yet to resurface after the pandemic sunk the country into the fastest recession of its 244-year history.

A full return to traditional business activities remains unlikely for the foreseeable future. While the long-term ramifications are still unknown, such a catastrophic event leaves little hope for an expedited return to normalcy.

College students are being severely impacted. Academic institutions are struggling to reopen safely, leaving many students to choose between potentially dangerous on-campus living, underwhelming remote learning, or temporary holds on their education. The typical career-related anxiety among higher education students has been amplified by what is shaping up to be one of the worst job markets in recorded history.

Certain professions all but require college students to land and succeed in specific internships. While it may not seem college students losing internships or taking gap years is a big deal at present, these setbacks create the potential for serious, life-altering impacts. This is especially true of industries where a strict college and early-career trajectory have long been considered a prerequisite for entry and advancement – namely the financial services industry, including private equity.

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