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Paradosso
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Is Recession Really boosting up the applications? 09 Dec 2008, 08:24
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The more compelling rationale I can find for the different trends between MBA and other graduate schools applicants is that the former are much more likely to think their moves through business-like lenses (just what riverripper outlined above) and their behavior comes out as more rational and less risk-averse, factoring in market cycles.
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Is Recession Really boosting up the applications? 09 Dec 2008, 08:47
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Omne
You know what really tickles my nugget? Right now is the right time for me to get my MBA.
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I thought this exact thing for a while. I went through the whole self-pity "why does the economy have to crash now that I'm applying to b-school?" Then I realized that all it really means is that I need to make my application that much stronger - work a little harder on my essays, get some great recommendations, nail my interviews.

The timing of applying may be bad, but we'll all see the benefits on the other end when we catch the economy on the rebound.

Just my 2 cents...
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Is Recession Really boosting up the applications? 09 Dec 2008, 10:37
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I was thinking about this in light of the first GC kellogg rejection today. I think that if you were planning to apply anyway this should come across in your goals essay since your goal will be something like "I need an MBA right now because my interests have changed" or "I've been assigned to project management roles recently and have realized i need the following skills to be successful"
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Is Recession Really boosting up the applications? 09 Dec 2008, 12:35
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A few weeks ago I was at a reception for Cornell and I asked the AD about applications. He remarked that while the number of applications is up, the competition isn't. His point was that a lot of the increase is folks (yes, many of whom have been laid off in the banking sector) who are rushing apps out the door, not taking the time to fully study for the gmat, and as a result are easier to ding. Maybe he was just trying to reassure folks, but it was an interesting take.
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Is Recession Really boosting up the applications? 10 Dec 2008, 01:29
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Read this article on BW: https://www.businessweek.com/bschools/co ... op+stories

Some schools are considering increasing class size. Unfortunately, it didn't specifically mention many school. The only elite school mentioned was Tuck, and Tuck plan to keep the class size unchanged.
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Jerz
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Is Recession Really boosting up the applications? 10 Dec 2008, 03:56
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cs11
A few weeks ago I was at a reception for Cornell and I asked the AD about applications. He remarked that while the number of applications is up, the competition isn't. His point was that a lot of the increase is folks (yes, many of whom have been laid off in the banking sector) who are rushing apps out the door, not taking the time to fully study for the gmat, and as a result are easier to ding. Maybe he was just trying to reassure folks, but it was an interesting take.
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When I visited Kellogg the Admissions Officer doing the info session made a similar comment that while application pool increased for the Fall 2008 entering class, they didn't see a huge increase in quality applications and the class stats aren't much different than for the Fall 2007 entering class.

Also, in response to the BW article, several people in the Admissions Office at Kellogg said they have absolutely no plans to increase class size.
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Is Recession Really boosting up the applications? 10 Dec 2008, 07:30
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In my humble opinion it does not really matter that much how good is the economy at the moment of graduation (in the short run).

We will all end up working for many many years in the future, prolly even up to 30-35 years or more and its definetely better option to be paid as an MBA versus BA or stuck up with a job that u dont like.

Even though if u graduate in the peak of a recession u will catch something, maybe not very well paying but what the heck, just to survive for a year or to till the market goes up again and raises bonuses and salaries.

The thing is that in times of bad economy a lot of ppl who really dont have anything else to do will end up applying to the bschools and thus take some spots from ppl who really wanted it.

That kinda sucks.
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Is Recession Really boosting up the applications? 10 Dec 2008, 11:05
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cs11
A few weeks ago I was at a reception for Cornell and I asked the AD about applications. He remarked that while the number of applications is up, the competition isn't. His point was that a lot of the increase is folks (yes, many of whom have been laid off in the banking sector) who are rushing apps out the door, not taking the time to fully study for the gmat, and as a result are easier to ding. Maybe he was just trying to reassure folks, but it was an interesting take.
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Was that reception before or after the R2 deadline at Cornell? Just curious because after R1 Cornell said apps were up 10% but after the R2 deadline the Cornell adcom on BW stated that apps were "roughly tracking" last year. I'm just wondering if the cornell adcom you spoke with may not have had the most updated numbers yet because I think cornell apps were flat. Of course the general statement that laid off applicants put in weaker apps is still stands (hopefully).
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Is Recession Really boosting up the applications? 10 Dec 2008, 11:42
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On the Chicago chat this morning, Rose said that applications were up in R1 (but didn't give an exact %), but that they didn't see a noticable increase in the quality. She said the AdCom can do a pretty good job at weeding out applications that were put together at the last minute and those that were the result of serious thought and reflection.

Also, one of the other AdCom said they are not currently discussing any increases to class size. So it seems that despite the BW article there really aren't any elite schools seriously considering a bigger class this year.
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