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Unemployment, effect on admissions

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Current Student
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Joined: 12 Sep 2012
Posts: 9
Concentration: Strategy, Finance
Schools: Tuck '15 (M)
GMAT 1: 760 Q49 V44
GPA: 3.83
WE: Securities Sales and Trading (Investment Banking)
Followers: 1

Kudos [?]: 10 [0], given: 8

Unemployment, effect on admissions [#permalink] New post 12 Sep 2012, 17:54
Is it wise to apply to b school while unemployed? I'm close to landing a job, but it will be a new role right during apps season.

6 yrs trading experience
760 gmat
3.8 gpa from top school.
Unemployed for 3 months. Was asked to take a junior role that would have set my career back, so decided to leave. Request was due to cutbacks.
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Joined: 02 Feb 2009
Posts: 374
Concentration: General Management, Strategy
GMAT 1: 690 Q48 V35
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Re: Unemployment, effect on admissions [#permalink] New post 12 Sep 2012, 19:43
MBAhopeful77 wrote:
Is it wise to apply to b school while unemployed? I'm close to landing a job, but it will be a new role right during apps season.

6 yrs trading experience
760 gmat
3.8 gpa from top school.
Unemployed for 3 months. Was asked to take a junior role that would have set my career back, so decided to leave. Request was due to cutbacks.


I dont think this is an issue at all. You would need to explain the employment gap in your optional essay, that's pretty much it.
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Re: Unemployment, effect on admissions [#permalink] New post 12 Sep 2012, 23:29
Expert's post
Hmmm, I'm going to disagree a bit.... It is a disadvantage to be unemployed when you apply. First of all the schools wonder "what will he do during the next year?". That having been said it is overcomable. I think the most important thing is to attack the issue head on. don't pretend that it isn't relevant, but write an optional essay explaining. Just as important too is that you are doing something useful with your time. No AdCom wants to read "I quit because the job wasn't good enough for me, and then I sat on my thumbs", but hopefully you have goals and have been working towards them besides this setback at your workplace.
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Re: Unemployment, effect on admissions   [#permalink] 12 Sep 2012, 23:29
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