Find all School-related info fast with the new School-Specific MBA Forum

It is currently 17 Sep 2014, 11:48

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Unemployment benefits for first year b-school students?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5252
Followers: 23

Kudos [?]: 132 [0], given: 0

GMAT Tests User Reviews Badge
Unemployment benefits for first year b-school students? [#permalink] New post 26 Jul 2007, 05:59
Surely I can't be the first person to take this into consideration, but I will be the bold one and ask.

My company knows I'm out next week and has prepared all the necessary documentation; notice of release/resignation, pension transfer, and an unemployment benefits package.

My supervisor is recommending that I apply for unemployment benefits. He also claims that I'm eligible for 60~80% of my annual salary for the next 12 months.

Financially, that would be extremely helpful, but I don't know if it's morally acceptable. From what I understand, unemployment benefits, even from a foreign country, exist to assist those who are actively seeking to reengage back into the workforce - of course, something I'm also eagerly trying to do. :?
Kaplan Promo CodeKnewton GMAT Discount CodesManhattan GMAT Discount Codes
SVP
SVP
User avatar
Joined: 31 Jul 2006
Posts: 2308
Schools: Darden
Followers: 41

Kudos [?]: 423 [0], given: 0

GMAT Tests User
 [#permalink] New post 26 Jul 2007, 12:55
I don't know much about unemployment benefits, but I think you are correct in that you are eligible only if you are looking for a job. If you don't find a job within a certain amount of time, I believe they may require you to attend some kind of trade school (I don't think business school counts :)). I guess it wouldn't hurt to get more information about it though.
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 10 Apr 2007
Posts: 4320
Location: Back in Chicago, IL
Schools: Kellogg Alum: Class of 2010
Followers: 78

Kudos [?]: 693 [0], given: 5

GMAT Tests User
 [#permalink] New post 26 Jul 2007, 15:43
From what I know you can only collect unemployment if you were laidoff or fired. If you resign from you job you can't collect. This is because employers pay the unemployment tax and if they lay people off or fire them then the amounts the company has to pay goes up. Also you have to qualify for it and chances are if you say well I am going to grad school they aren't going to give you a cent.

I don't know if this is different for other countries but chances are that you arent going to collect if you are living in another country.
Senior Manager
Senior Manager
User avatar
Joined: 22 Jun 2006
Posts: 286
Followers: 3

Kudos [?]: 11 [0], given: 0

GMAT Tests User
 [#permalink] New post 31 Jul 2007, 13:23
hey matt,

this is unrelated to your question, but i have read your posts and find them extremely inspiring.

moreover, your insights (esp in SC) have helped me in my gmat preparation all along. thank you so much

also, sorry i am not a regular like you so i'm not sure, where are you finally going to grad school?
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 255

Kudos [?]: 1545 [0], given: 7

GMAT Tests User Premium Member
 [#permalink] New post 31 Jul 2007, 14:48
In the US, you have to be fired to collect unemployment...
Manager
Manager
User avatar
Joined: 22 Aug 2006
Posts: 104
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 31 Jul 2007, 15:57
rhyme wrote:
In the US, you have to be fired to collect unemployment...


Actually if you quit due to a spouses job relocation you're eligible for unemployment benefits...at least in NY.

Active students aren't eligible since they don't consider you available for immediate employment.
SVP
SVP
User avatar
Joined: 01 Nov 2006
Posts: 1855
Schools: The Duke MBA, Class of 2009
Followers: 16

Kudos [?]: 179 [0], given: 2

GMAT Tests User
 [#permalink] New post 31 Jul 2007, 19:42
swgotz wrote:
rhyme wrote:
In the US, you have to be fired to collect unemployment...


Actually if you quit due to a spouses job relocation you're eligible for unemployment benefits...at least in NY.

Active students aren't eligible since they don't consider you available for immediate employment.


Look what the cat dragged in! Long time no post! How goes it?
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5252
Followers: 23

Kudos [?]: 132 [0], given: 0

GMAT Tests User Reviews Badge
 [#permalink] New post 31 Jul 2007, 19:49
aaudetat wrote:
swgotz wrote:
rhyme wrote:
In the US, you have to be fired to collect unemployment...


Actually if you quit due to a spouses job relocation you're eligible for unemployment benefits...at least in NY.

Active students aren't eligible since they don't consider you available for immediate employment.


Look what the cat dragged in! Long time no post! How goes it?


Yeah, the CAT does seem to cough up the occasional hairball. :-D What's new swgotz?
Manager
Manager
User avatar
Joined: 22 Aug 2006
Posts: 104
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 01 Aug 2007, 15:43
Keeping busy, catching up on lots of reading...heading off to Oxford on September 19th and school starts up October 1st.
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5252
Followers: 23

Kudos [?]: 132 [0], given: 0

GMAT Tests User Reviews Badge
 [#permalink] New post 01 Aug 2007, 17:58
swgotz wrote:
Keeping busy, catching up on lots of reading...heading off to Oxford on September 19th and school starts up October 1st.


That's a really late start. When do you finish next summer?
Manager
Manager
User avatar
Joined: 22 Aug 2006
Posts: 104
Followers: 1

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 01 Aug 2007, 18:14
Yeah, it's a late start, they are on the trimester system @ Oxford so the dates are a bit weird. We don't finish until the end of June.
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5252
Followers: 23

Kudos [?]: 132 [0], given: 0

GMAT Tests User Reviews Badge
 [#permalink] New post 02 Aug 2007, 03:45
swgotz wrote:
Yeah, it's a late start, they are on the trimester system @ Oxford so the dates are a bit weird. We don't finish until the end of June.


You'll be starting with p_s_dahiya. He's an old time GMATClubber as well.
  [#permalink] 02 Aug 2007, 03:45
    Similar topics Author Replies Last post
Similar
Topics:
What to expect in first year of b-school? charlieharold1 0 16 Aug 2014, 14:17
3 3.7 million people collected unemployment benefits in the avohden 4 03 Nov 2013, 19:21
Tax Refund and Unemployment Benefits ajshco 0 10 Jan 2013, 00:41
Of all the students in a certain dormitory, are first-year Balvinder 5 29 Sep 2007, 04:58
In a college , 1/2 of them are first year students and the vprabhala 4 23 Nov 2004, 14:53
Display posts from previous: Sort by

Unemployment benefits for first year b-school students?

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderator: threestripes



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.