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MBA Graduates Getting Creative In Recession

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MBA Graduates Getting Creative In Recession [#permalink] New post 18 Feb 2009, 11:27
Key points from the article:

1) A growing number of MBA graduates are seeking opportunities away from traditional areas like investment banking in light of the recession and current climate on Wall Street.

2) If you're interested in studying for an MBA degree, now may be an ideal time to get started, with many economists predicting that a recovery will begin as soon as next year.

3) Silicon Valley technology leaders are still hiring, although at a slower pace. Otherwise, the current business climate has led other MBA graduates to start their own companies, explore options in fields like renewable energy and nonprofits, and to even weigh job opportunities in other regions of the world that have not been as hard hit by the recession.

4) More foreign-born students are now checking into business options in their home countries because of the U.S. economy.

http://www.mymbacareer.com/mba-news/863 ... ssion.html

Anyone read a CREDIBLE article published by a well known economist who is predicting that recovery will begin next year? Because all the ones I read so far are either biased or just speculative without merit....
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Re: MBA Graduates Getting Creative In Recession [#permalink] New post 19 Feb 2009, 04:01
Recovery will begin next year - this is a fine exmaple of an "educated guess". And a guess is just a guess, no matter how educated. In my view, the decision to apply to b-school should not be based on something as unpredictable as the world/US economy.
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Re: MBA Graduates Getting Creative In Recession [#permalink] New post 19 Feb 2009, 06:54
I would fathom that the turnout isn't going to happen any time soon.

However, just because the economy doesn't turn around doesn't mean job prospects won't get better.

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Re: MBA Graduates Getting Creative In Recession [#permalink] New post 19 Feb 2009, 07:16
Nerdboy wrote:
In my view, the decision to apply to b-school should not be based on something as unpredictable as the world/US economy.


But this factor has to do EVERYTHING with our decision to apply to bschool. It's a huge factor - almost 90% IMO.

Many people choose to go to bschool to enhance their career, to switch their field, to get better pay, and mostly to find a job.

If economic forecast affects the number of job openings, hiring freeze, and future hiring plans, then we should be concerned with world/US economy and account for this factor before applying to bschool.
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Re: MBA Graduates Getting Creative In Recession [#permalink] New post 19 Feb 2009, 09:20
OK, you should be concerned with the economy. Everyone is. My point was, you should not base your decision on (positive) expectations about the economy because they are likely to be wrong. When the global recession will end is anybody's guess. If your goals can only be realised in an economic growth environment at the time of graduation, this isn't good. I am trying to set realistic goals that are achievable in case the recession goes on.
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Re: MBA Graduates Getting Creative In Recession   [#permalink] 19 Feb 2009, 09:20
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