It appears that people are trying to change the para---dig(m)!
Any thoughts monkeys?
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Cost of attendance and xenophobia on the rise coupled with fewer millennials wanting to work in banking even though culture and hours can be just as bad at FANG/Salesforce.
Xenophobia? You mean Asians not getting visa sponsorship which was an issue before Trump and is worse now?
Imagine if US MBA programs had to cut costs and admit more Americans. The horror!
Yes, xenophobia has definitely worsened an already unfortunate situation.
Most MBAs are money makers for universities that don't really add value. The MBAs people debate here (~Top 25 at most) are the rare exception. To drop 100K and 2 years, you better have a real good reason to go back to school. On a broader level, I wouldn't be surprised if college enrollment declines in the next 10-20 years for the same reason. No point being a college-educated barista with 200K in debt.
I'd love to see this trend continue. I'm looking at class of 2021 or 2022 and the dream scenario would be to see competition weaken + economic recession while matriculating. What a time to be alive hahaha!
You're correct! Ideally, you're accepted into top choice and the following week, the economy starts to tank. That way, you get to avoid all the bearish sentiment around the office and hopefully by the time you're out, job prospects are starting to look up.
It could be the perfect storm for probability of top-tier MBA acceptance + timing a bearish economic cycle lololol
This is such a blessing for Americans with average test scores
.
My cousin was matriculating at Emory through the 08 collapse and said he saw classmates have their offers rescinded. He came from tech and ended up going back into tech as finance was in chaos. It would suck after all the hard work to come out into a crap market. No matter where you attend you want the best offers.
This will sound very "Trump's America" but hang out with the "cool kids" at your program. I mean that facetiously, but seriously, don't just spend all your time with your pocket of internationals from your own country like many internationals do-ingratiate yourself to the finance bros and observe their mannerisms without trying too hard. This will make you more comfortable at stuff like small talk, jokes, banter, opening people etc.
There are basically two types of internationals in B-school: those who are fairly "Westernized" - maybe they have dual passports or they grew up in or attended British, Australian, Canadian schools and have personalities that don't suggest cultural barriers, and then there are the obvious ones. They tend to have language and/or cultural issues that tank them during "fit" portions of recruiting. I saw this with much of the South Asian community as it was quite insular-so you could really see the sharp contrast between the IIT guys and the Desis, especially in recruiting outcomes. Saw it with Eastern Europeans as well, to a certain extent.
Nail your technicals AND behavioral questions without coming off stiff, rigid, or rehearsed and you'll be in solid shape
**Cyclical factors: ** * bull market * labor market solid * foreigners (well mostly my people and Indians) succumbing to reality that most just ain't getting a work visa even if they go to H/S/W, plus China and India are booming and where the action is at
**Secular factors: ** * less ppl want to do "factory jobs" - aka IB and Consulting * more ppl doing tech / data science where employers don't value MBA as much