Save MBA school for a recession?

I wanted to see what WSO had to say about the sentiments of my friends about the best timeline to enter MBA school. Two of my friends stated that the their preferred time to start on an MBA would be right when a recession starts and if they get fired or demoted. Then they would go to school in two years and hopefully by then the economy would recover. They rationalize this by saying that at their current salary (~120,000 - ~160,000); it would not be worth the opportunity cost during boom times or regular times. What do you all think about this?

Comments (9)

Jun 17, 2022 - 10:24pm
Isaiah_53_5 πŸ’ŽπŸ™ŒπŸ’ŽπŸ™ŒπŸ’Ž, what's your opinion? Comment below:

If they get fired or demoted, they aren't going to have glowing recommendations for MBA admissions.Β 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jun 18, 2022 - 11:34am
absacorporate, what's your opinion? Comment below:

Is that truly so? I mean in a recession cutbacks happen and offices can close. That's not mutually exclusive with getting a good recommendation from your boss right? I remember in the GFC people could get laid off or demoted almost regardless on if you were an amazing employee or not. Maybe my worldview and evidence from the GFC are too anectodal.

Jun 18, 2022 - 2:44pm
Isaiah_53_5 πŸ’ŽπŸ™ŒπŸ’ŽπŸ™ŒπŸ’Ž, what's your opinion? Comment below:
absacorporate

Is that truly so? I mean in a recession cutbacks happen and offices can close. That's not mutually exclusive with getting a good recommendation from your boss right? I remember in the GFC people could get layed off or demoted almost regardless on if you were an amazing employee or not. Maybe my worldview and evidence from the GFC are too anectodal.

I'm referring to being fired for cause versus being laid off.Β 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jun 18, 2022 - 3:02pm
Telemachus, what's your opinion? Comment below:

A few thoughts:

It's pretty hard to time apps w/ a recession or getting laid off. There's a lot of lead time into the application process, esp the gmat/gre exam let alone letters of recom and essays.Β 

Applicants are counter cyclical to the economy. When the economy tanks, applications go up and make it harder to get in.Β 

Best of luck!

Jun 22, 2022 - 2:43pm
absacorporate, what's your opinion? Comment below:

Great point. My friends and I did not even take into account the lead time associated with applying. I also agree that during a recession the number of applications would increase.Β 

  • Business School in CorpStrat
Jun 26, 2022 - 2:47pm

Eh - have spoken to a handful of people I'm matriculating with. Everyone has their own reasons to go to MBA school. It's usually because they want to career pivot and they don't think they can without attending a top program.Β 

That's the reason I did and I couldn't see myself reaching my income goals on my own within my pre-MBA career until maybe my 40s-50s (150K+)

  • VP in PE - LBOs
Jun 27, 2022 - 11:17am

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