Last visit was: 18 Nov 2025, 16:53 It is currently 18 Nov 2025, 16:53
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
trader1
User avatar
Joined: 30 Jul 2007
Last visit: 04 Jul 2012
Posts: 385
Own Kudos:
62
Given Kudos: 5
Location: Europe
Concentration: General Management
Schools:St. Gallen '09
Posts: 385
Kudos: 62
Todays economic news. 11 Jan 2008, 17:33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
msday86
so does this mean i won't get into business school next year??? :( :(
Show more

you're asking the wrong question.

will i get a job that can pay off my b-school loans?!
User avatar
solaris1
User avatar
Joined: 05 Aug 2007
Last visit: 09 Aug 2011
Posts: 1,431
Own Kudos:
223
Given Kudos: 22
Concentration: General Management
Schools:NYU Stern '11
Posts: 1,431
Kudos: 223
Todays economic news. 11 Jan 2008, 17:50
Kudos
Add Kudos
Bookmarks
Bookmark this Post
haha...that's exactly what branson and I were trying to argue in favour of earlier in the thread.

i think i'll set myself a 'psychological' limit to the amount of loans i'll be willing to take on for an MBA, and i'm just going to stick to it irrespective of how well the economy is doing in 2-3 years.

trader1
msday86
so does this mean i won't get into business school next year??? :( :(

you're asking the wrong question.

will i get a job that can pay off my b-school loans?!
Show more
User avatar
msday
User avatar
Joined: 25 Dec 2007
Last visit: 09 Jul 2014
Posts: 515
Own Kudos:
64
Given Kudos: 28
Concentration: General Management
Schools:Harvard '11
GMAT 1: 790 Q51 V48
Posts: 515
Kudos: 64
Todays economic news. 11 Jan 2008, 18:35
Kudos
Add Kudos
Bookmarks
Bookmark this Post
lol good call trader1... "am i screwing myself by quitting a well-paying, safe job to go to business school with nothing more than an uncertain job market at the other end of my b-school tunnel???" should have been my question!
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Todays economic news. 11 Jan 2008, 23:19
Kudos
Add Kudos
Bookmarks
Bookmark this Post
this whole thing is way too complicated for me to understand. :P

I know that any job after b-school will be better than what I do today, and I'm also glad I'm not going into anything banking/financial related. :)
User avatar
IHateTheGMAT
User avatar
Current Student
Joined: 10 Jun 2006
Last visit: 25 Jul 2011
Posts: 623
Own Kudos:
61
Concentration: Investment Banking or Investment Management
Posts: 623
Kudos: 61
Todays economic news. 20 Jan 2008, 17:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Looking to revive this post...

I plan to apply to Bschool next year and have been pondering the effect of the economic downturn on application volume. It looks like there is a significant increase in apps this year, but the economy only seems to be getting worse. Will this lead to a greater increase in apps next year? Or will a more sustained economic downturn lead people to believe that post MBA prospects may not be so bright and its smarter to stay in their current job rather than take on 150k in debt? This year it seems that people are opting for the MBA. What about next year?
User avatar
msday
User avatar
Joined: 25 Dec 2007
Last visit: 09 Jul 2014
Posts: 515
Own Kudos:
64
Given Kudos: 28
Concentration: General Management
Schools:Harvard '11
GMAT 1: 790 Q51 V48
Posts: 515
Kudos: 64
Todays economic news. 20 Jan 2008, 18:10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Good question, I'm wondering the same...am I going to be looking at a 5% acceptance rate at Harvard and Stanford?

IHateTheGMAT
Looking to revive this post...

I plan to apply to Bschool next year and have been pondering the effect of the economic downturn on application volume. It looks like there is a significant increase in apps this year, but the economy only seems to be getting worse. Will this lead to a greater increase in apps next year? Or will a more sustained economic downturn lead people to believe that post MBA prospects may not be so bright and its smarter to stay in their current job rather than take on 150k in debt? This year it seems that people are opting for the MBA. What about next year?
Show more
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Todays economic news. 21 Jan 2008, 03:40
Kudos
Add Kudos
Bookmarks
Bookmark this Post
solaris1
haha...that's exactly what branson and I were trying to argue in favour of earlier in the thread.

i think i'll set myself a 'psychological' limit to the amount of loans i'll be willing to take on for an MBA, and i'm just going to stick to it irrespective of how well the economy is doing in 2-3 years.

trader1
msday86
so does this mean i won't get into business school next year??? :( :(

you're asking the wrong question.

will i get a job that can pay off my b-school loans?!
Show more

see solaris, our theory gets support after all ;)

That's why I love the 20k/y scholarship from Ross. It would severely reduce my loans, and speed up the time to break-even. With money getting cheaper in the US, loans will be easier to handle and the burden not so heavy.

Also, I am with kryzak: me, I am very positive that what I will be doing post-MBA will be better than what I do right now. What might happen though, is that MBA salaries are going to stagnate or even fall slightly and that with inflation in the market - meaning that our real incomes will be lower than current MBAs.
User avatar
togafoot
User avatar
Current Student
Joined: 18 Dec 2007
Last visit: 29 Jul 2014
Posts: 983
Own Kudos:
145
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Posts: 983
Kudos: 145
Todays economic news. 21 Jan 2008, 04:14
Kudos
Add Kudos
Bookmarks
Bookmark this Post
branson


see solaris, our theory gets support after all ;)

That's why I love the 20k/y scholarship from Ross. It would severely reduce my loans, and speed up the time to break-even. With money getting cheaper in the US, loans will be easier to handle and the burden not so heavy.

Also, I am with kryzak: me, I am very positive that what I will be doing post-MBA will be better than what I do right now. What might happen though, is that MBA salaries are going to stagnate or even fall slightly and that with inflation in the market - meaning that our real incomes will be lower than current MBAs.
Show more

I`m expecting a wage cut anyhow, because of shifting function and also because i intend to relocate to a country which commands lower avergae salaries than Japan. But I`m expecting a higher quality of life because costs will be lower in my target country(s). Should be able to get an apartment with staff quarters so that i can have a full time cleaner/nanny. Even if i don`t get an ex-pat package, the wife will (International school teacher), and that also means my childrens education are paid for as well.
User avatar
kwam
User avatar
Joined: 09 Jan 2007
Last visit: 19 Oct 2013
Posts: 1,018
Own Kudos:
167
Given Kudos: 3
Location: New York, NY
Concentration: Analytic Finance, Economics and Strategic Management
Schools:Chicago Booth Class of 2010
Posts: 1,018
Kudos: 167
Todays economic news. 21 Jan 2008, 06:15
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Right now:
DAX: -5.4%
CAC: -4.82%
FTSE: -3.36%

Now money is evaporating...

I don't fell tomorrow is going to be a pretty day in US either...
User avatar
sperinko
User avatar
Joined: 26 Jun 2006
Last visit: 22 Oct 2011
Posts: 358
Own Kudos:
502
Posts: 358
Kudos: 502
Todays economic news. 21 Jan 2008, 06:55
Kudos
Add Kudos
Bookmarks
Bookmark this Post
BSE (Bombay Stock Exchange,INDIA) : (-7.4%) Biggest Fall in History.
kwam
Right now:
DAX: -5.4%
CAC: -4.82%
FTSE: -3.36%

Now money is evaporating...

I don't fell tomorrow is going to be a pretty day in US either...
Show more
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Todays economic news. 21 Jan 2008, 11:04
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I just want the value of my house to hold for a few more months so I have my b-school funds. It's still doing well right now.

For me, the loss of $250k (including lost salary) sucks, but if it means I will be happy with what I do in the future, it will be worth it.
User avatar
bsd_lover
User avatar
Joined: 17 May 2007
Last visit: 15 Mar 2020
Posts: 2,432
Own Kudos:
1,735
Given Kudos: 210
Posts: 2,432
Kudos: 1,735
Todays economic news. 22 Jan 2008, 04:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
ASX -7% 110 Billion AUD wiped off (gotta love the media)

sperinko
BSE (Bombay Stock Exchange,INDIA) : (-7.4%) Biggest Fall in History.
kwam
Right now:
DAX: -5.4%
CAC: -4.82%
FTSE: -3.36%

Now money is evaporating...

I don't fell tomorrow is going to be a pretty day in US either...
Show more
User avatar
togafoot
User avatar
Current Student
Joined: 18 Dec 2007
Last visit: 29 Jul 2014
Posts: 983
Own Kudos:
145
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Posts: 983
Kudos: 145
Todays economic news. 22 Jan 2008, 05:44
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Just waiting for the NYSE to open. If the stocks crash i expect the Yen to go strong across the board. Setting up some currency trades now past the current support points for GBP/JPY USD/JPY and EUR/JPY. That way if it happens, i can take some profit out of it. If it doesn`t and the support lines remain, then my trades won`t activate.
User avatar
dosa_don
User avatar
Current Student
Joined: 07 Aug 2007
Last visit: 10 Jul 2009
Posts: 1,062
Own Kudos:
32
Posts: 1,062
Kudos: 32
Todays economic news. 22 Jan 2008, 06:23
Kudos
Add Kudos
Bookmarks
Bookmark this Post
WOW- the futures are down HUGE. This could very well turn out to be a 4% drop day.
User avatar
dosa_don
User avatar
Current Student
Joined: 07 Aug 2007
Last visit: 10 Jul 2009
Posts: 1,062
Own Kudos:
32
Posts: 1,062
Kudos: 32
Todays economic news. 22 Jan 2008, 06:53
Kudos
Add Kudos
Bookmarks
Bookmark this Post
And the fed cuts 75bps...

dosa_don
WOW- the futures are down HUGE. This could very well turn out to be a 4% drop day.
Show more
User avatar
riverripper
User avatar
Major Poster
Joined: 10 Apr 2007
Last visit: 20 Aug 2022
Posts: 4,306
Own Kudos:
806
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
GMAT 1: 740 Q49 V42
Posts: 4,306
Kudos: 806
Todays economic news. 22 Jan 2008, 07:04
Kudos
Add Kudos
Bookmarks
Bookmark this Post
kryzak
I just want the value of my house to hold for a few more months so I have my b-school funds. It's still doing well right now.

For me, the loss of $250k (including lost salary) sucks, but if it means I will be happy with what I do in the future, it will be worth it.
Show more

I am not as concerned about the markets, I dont have millions tied up there and my 401k and retirement stuff is where most of my investments are and they are all real long term. Much more important to my bottom line for school is how much profit I make on my house. So selling that is the most important thing. If I dont make a huge profit on it, thats fine...I have a huge amount of equity but will be willing to eat a very large chunk of that just to move it quickly.

The interest rate cut is awesome personally for two reasons. House loan rates will drop and that will hopefully help move my house quicker. And student loan rates should drop too...long term investments will bounce back well before retirement in 30 years but have a student loan rate that is a percent or two lower than it would have been last year will save a ton of money over the next decade which will be a greater benefit to my bottomline.
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Todays economic news. 22 Jan 2008, 08:16
Kudos
Add Kudos
Bookmarks
Bookmark this Post
riverripper

The interest rate cut is awesome personally for two reasons. House loan rates will drop and that will hopefully help move my house quicker. And student loan rates should drop too...long term investments will bounce back well before retirement in 30 years but have a student loan rate that is a percent or two lower than it would have been last year will save a ton of money over the next decade which will be a greater benefit to my bottomline.
Show more

Although I continue to read that loans might not get cheaper despite fed rate cuts...(looking for the source to back this up)
User avatar
dabots
User avatar
Joined: 18 Sep 2006
Last visit: 28 Apr 2014
Posts: 955
Own Kudos:
34
Location: Chicago, IL
Schools:Chicago Booth 2010
Posts: 955
Kudos: 34
Todays economic news. 22 Jan 2008, 08:19
Kudos
Add Kudos
Bookmarks
Bookmark this Post
branson
riverripper

The interest rate cut is awesome personally for two reasons. House loan rates will drop and that will hopefully help move my house quicker. And student loan rates should drop too...long term investments will bounce back well before retirement in 30 years but have a student loan rate that is a percent or two lower than it would have been last year will save a ton of money over the next decade which will be a greater benefit to my bottomline.

Although I continue to read that loans might not get cheaper despite fed rate cuts...(looking for the source to back this up)
Show more
arent loans pegged to the prime rate, which is based on the fed funds rate?
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Todays economic news. 22 Jan 2008, 08:21
Kudos
Add Kudos
Bookmarks
Bookmark this Post
dabots
branson
riverripper

The interest rate cut is awesome personally for two reasons. House loan rates will drop and that will hopefully help move my house quicker. And student loan rates should drop too...long term investments will bounce back well before retirement in 30 years but have a student loan rate that is a percent or two lower than it would have been last year will save a ton of money over the next decade which will be a greater benefit to my bottomline.

Although I continue to read that loans might not get cheaper despite fed rate cuts...(looking for the source to back this up)
arent loans pegged to the prime rate, which is based on the fed funds rate?
Show more

they are, but lenders are still free to increase their premium on top of the prime rate on private loans.
User avatar
riverripper
User avatar
Major Poster
Joined: 10 Apr 2007
Last visit: 20 Aug 2022
Posts: 4,306
Own Kudos:
806
Given Kudos: 5
Location: Back in Chicago, IL
Concentration: General/Operations Management
Schools:Kellogg Alum: Class of 2010
GMAT 1: 740 Q49 V42
Posts: 4,306
Kudos: 806
Todays economic news. 22 Jan 2008, 08:39
Kudos
Add Kudos
Bookmarks
Bookmark this Post
More important to rates though is going to be credit scores. To qualify for the best rates a 750 is pretty much going to be required these days. International students are going to have it the worst though because companies are so afraid of students not getting visa's and leaving the country without paying them back.

The lower the fed rate the lower the interest rate on loans will be for people that arent credit risks for the companies...a married person whose spouse is working fulltime and co-signs and has a very high FICO. Companies will compete for the highly qualified people with almost no risk of default these days, its the person with a 630 FICO with no co-signer who is going to be maxing out loans who are going to be screwed.

This year loans are going to be very tough for people with iffy credit and internationals without cosigners.
   1   2   3   4   5   6