Best time to go to B-school?
Do you guys agree that right now is one of the best opportunities for going to business school? I heard somewhere that interest in business school wanes right after a recession, because students don't know how long the recession will last (although I don't have numbers to prove declining interest in B-school). So basically B-schools see a smaller applicant pool, and gaining acceptance is a little bit easier. The graduating class could be smaller in the next couple of years, meaning that there is less competition for positions. Also, since the economy is recovering, wall street is starting to hire profusely again. The economy goes in cycles, so the economy should stay pretty good for the next twenty years or so (provided genius doesn't fail again). So, there will be a slight shortage of B-school grads and high demand. I think that means going to b-school right after a recession is a good decision, just like buying stock right after a market crash.
I am a firm believer that you need to go to B-school as it fits with your career and your goals, not necessarily depending on the economic environment. If you have the drive to succeed and do well in B-School, as well as have clear cut goals of what you want to do post graduation, you should be able to get a job no matter the economic state.
^ The two posts above sum up the logic driving my decision to go to Bschool just after the markets pick up. I'm applying for fall 2012.
One of two things happens then: the world ends, or I get into a better school than I would have had I applied this year.
I think it's still crowded. The best years were 2005-2007. People were skipping the top b-schools because the opportunity cost didn't make any sense. You couldn't find bankers for top programs because they were too busy blowing coke off stripper tits.
Think of the effect as opposites. When everyone has a well-paid job, you'll get into a better school. When nobody is hiring, everybody applies to school. I think we are somewhere in between.
well the people who went 05-07 were also graduating into shitty markets os id rather catch the rebound than lose a limb catching the falling knife ;) i do think the top two sum it up best -- go when it makes sense for your career but all the better if you can take advantage of cyclical movements
If you get into a top business school you can find a job in any economy. My feeling is at you should go when is best for you and you have the right experience / opportunity for a break in your career. You cant try to time the market two years out anyways.
Finding employment has never been a problem for me [shit, I landed three internships and two jobs in 2008 and 2009, respectively], but my academics are shaky so I want as little competetition as possible going into bschool.
I'm more concerned about going at the point when the least amount of people are applying. The numbers are already going down, so I'm thinking in another couple of years people will opt to stay and work. The question I'm asking is do you think that it's going to take until 2013 or 2012 for the economy to begin moving forward again? Or longer?
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