F1GMAT F1GMAT Feed F1GMAT Facebook F1GMAT Twitter F1GMAT Linkedin ENPC MBA Paris


Newsletter

I would like to know more about ...

Tags in GMAT

more tags

Ex: "gmat 760, tutorials, grammar, sample mba essay, sample recommendation letter, mba admission events"

Loading
Home » Articles

MBA in a Recession - Bad Idea

Many who have recently lost their jobs are thinking about avoiding the rest of the recession by going back to school to get an MBA. It sounds like a great plan - you get to go to school, sit out much of the recession and take an important career step all at the same time. Unfortunately, reality is different. As someone who graduated from business school in 2001, during the roughest period of the dotcom bust, I can tell you that this is a very bad idea. Here's why:
 
Banking or Consulting? Not Likely - a large percentage of graduating MBAs turn to one of two careers: banking or consulting. However, these industries dramatically reduce their hiring during economic downturns. Moreover, newly hired MBAs are very likely to be laid off by these firms. I speak from experience. My offer with a well respected consulting firm was rescinded shortly after I graduated, and weeks before I was scheduled to start work. I wasn't alone. Every other MBA who had accepted an offer from the same firm, suffered the same fate, and our firm was far from unique. The good news? I kept a very substantial signing bonus which I received upon acceptance of the job offer.


Read More @ Interesting Source : http://moneyandsuch.blogspot.com/2009/02/mba-in-recession-bad-idea.html

Share/Save
Your rating: None Average: 5 (1 vote)
»

Readers who viewed this article also read

Duke Fuqua Essay and Recommender Questions 2010-11

Answer all 3 essay questions

1. Describe your vision for your career and your inspiration for pursuing this career path.

2. How will your background, values, and non-work activities enhance the experience of other Duke MBA students and add value to Fuqua's diverse culture?

3. Why Duke? (If you are interested in a specific concentration, joint degree, clubs or activities, please discuss how you would contribute to these in this essay.)



F1GMAT MBA Consultants will review your essays and provide you with a one-page evaluation (Macro Review) or a line by line critique(Detailed Review) of your essay

                                    Macro Review                        Detailed Review

Essay                        2 days   Add to Cart        3 days  Add to Cart

School                      7 days   Add to Cart        9 days  Add to Cart
   *6 Essays

Learn how F1GMAT will evaluate your essays
 





Business Schools

more b-schools

F1GMAT: Would you encourage others to attend MIP International MBA Program?

Vineeth: Oh yeah! The study method consists of a good mix of case studies and classroom lectures. The number and quality of contacts that MIP has in the business world is impressive.

To top it all- MIP is truly international. In my class we had more than 20 different nationalities. The diversity and different experiences makes for testing times during discussions. However, it does serve up an invaluable learning experience, helping build a good foundation to pursue a career in the international business arena. Get in touch with alumni to get a better picture of the institution.

Vineeth George Abraham is a MIP, Politecnico di Milano, School of Management alumnus 2008/09. He cracked the GMAT with a 740 and received a scholarship from MIP. He is currently working as a Marketing Campaign Planner at IBM, Bangalore

Read the full interview

Today's Hits

more

News

more

B-School Essay Questions