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How Does Being Unemployed Effect My MBA Application

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Affiliations: Columbia, Wharton, LBS
Joined: 02 Nov 2009
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Schools: Harvard, Stanford, LBS, Columbia, Wharton, HEC Paris
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How Does Being Unemployed Effect My MBA Application [#permalink] New post 15 Jan 2010, 18:32
This is a question we received before. Sharing with the forum members here.

--
Hi All,
I am applicant to B schools for fall 2010. I got a acore of 720 on the GMAT. I have a work experience of ~2 years in UBS Investment Bank as a Junior Analyst. I worked at UBS from June 2007 to April 2009 and since then i have been preparing for my GMAT. I chose to leave my job to give full attention to and to focus on my preparation for GMAT.
Is it a big negative or a disadvantageous position to be not employed, will it impact my application heavily.
Please give me some guidance on this, i am very worried about how this will work. I have to earn an MBA degree soon.
Please help me out.
Waiting for an early response.
Thanks All,
Swati
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Re: How Does Being Unemployed Effect My MBA Application [#permalink] New post 15 Jan 2010, 18:38
Given the economic climate, a lot of compelling candidates became unemployed due to no fault of their own. Business schools are aware of this and while they will question why you do not have a position, they will not penalize you for this. What they will penalize you for is whether you have not used your time constructively and tried to make yourself a more compelling candidate.

To be honest, just studying for the GMAT may not be enough to convince them and you should really think about ways to diversify your experience -- even if it means volunteering your time or working for significantly less. This is where you enter troubled waters -- not the fact that you were laid off from your position at a large bank that is having huge troubles.
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Re: How Does Being Unemployed Effect My MBA Application   [#permalink] 15 Jan 2010, 18:38
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