Hello Parag,
You have raised two very valid points: (1) Current uncertainty in geo-politics and (2) approaching recession.
Historically whenever recession occurs, Universities receive larger than normal admission requests/applications. It is a very predictable and reliable pattern which I have seen in 2002 (admission in under-grad computer science), 2008 recession and 2014. Even if you take recent example of Pandemic, you will see admissions didn't decrease during Pandemic. MITSLOAN SFMBA program recruited 32 more students than its normal class size of 100. It is a simple math. Whenever crowd lose job, instead of waiting for new job, most of them go for 1-2 years higher studies. It adds value to their profile as well as oppotunity cost of leaving job is little.
Current uncertainty in geo-politics-->It is a interesting topic. I would say have you seen certainty in gepolitics! There is always some country in conflict with some other country.
Most industries are recruiting MBAs on a high pay scale left and right. People who got admitted during Pandemic might not have thought that job market will be high post Pandemic.
If you are seriously planning to apply for MBA then best time to start preparation is NOW. Getting admission into your dream school is not easy. Everyone who gets admission works a lot to get admission. Male/Female, IT/Non IT, Business/Non-Admssion, Engineer/Businessman/Businesswoman/Financial/Eco --how unique your profile is doesn't matter until you beautifully show case your story. Each and every line of your profile matters and it takes lot of time & effort to refine profiles.
PJ22
Hi Alicia,
Thanks for creating this thread. Though too early, might be helpful for candidates like me who are making up mind to take the plunge in mid-career.
On a separate now, do you think current uncertainty in geo-politics and fears of approaching recession will impact applications for 2023 intake, considering job prospects after the program?
Regards,
Parag