Yes I agree. A few key points to note
1. Take as low student loans as possible
2. Be prepared with Plan b,c and d.
3. Visa issue is sorted from this year in London - since the new bill allows 2 years of staying back in UK. So little reduction in pressure in finding jobs. But as said Plan B,C and D have to be sorted.
4. Salary packages and employment positions may reduce- only time will tell the reality.
MBA schools always want to paint a good picture, and hence their words need to be taken with a pinch of salt. Its their business.! Rest depends on how fast the economy recovers back from recession. But yeah bear it out together with your cohort!
Cheers
Sushiboy