Obviously, it's been tougher to find a job at a BB or top consulting firm for 2009 and 2010 undergrads. How do you think this will affect how business schools evaluate candidates from these classes in a few years? Will having that kind of experience make you closer to a shoo-in than it has in years past?
I'm assuming that smaller class sizes at BBs and MBB --> less competition amongst ourselves for B-School --> higher acceptance rates?
Or will schools put less emphasis on where you worked because so many people had to take things to pay the bills from those classes?
Vermont Pride,
I think you're going to see a bit of a blend. You're right, there will be fewer individuals with investment banking and consulting backgrounds. That said, these industries won't have the allure that they used to have and therefore will be less appealing to business schools. Attempting to put actual statistics on these factors will be impossible, but I think both will have an influence. One thing is certain, there are no shoo-ins to the top b-schools.
I hope that they will see it as a strong signal of one's competitiveness. Or... I hope not to have to go to b-school anyway.
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