An MBA in Recession time: Does it make sense?

navin_c · 06:41 PM

An MBA in Recession time: Does it make sense?

An International MBA is an important decision for most students not only because it involves a substantial investment of money and time, but also because it is important for making a career change for some people. For others, it is a route to making an international career while for others it is simply to seek a good alumni network.

How effective an MBA is, in meeting these end objectives, is clearly a function of what kind of program you enroll into.

In good times, it did not matter much, which B-school you went to, but in bad times like these, every decision can become important. Shorter programs have suddenly gained relevance. In some cases, students have begun to opt for lower cost programs at lesser known B-schools or even seek out specialized programs.

Should one undertake an MBA in such an environment then? While these are good times for a sabbatical, admission in B-Schools are also becoming difficult thanks to the deluge of aspirants in the current environment.

Aspirants with I-T related backgrounds face this problem more than others thanks to the increasing number of former software/hardware engineers who are on the bench these days.

One solution that is often used by students is to increase their number of applications so as to make sure that they are able to get into some school or another. This is not a right move and often works to an applicants disadvantage because he/she is unable to justify to each school why they would want to enroll for their respective program.

Others choose to apply to lower ranked schools than they should be applying to, simply because the number of applications to every school has increased.

Seeking advice can solve a lot of these problems. Talking to students and alumni from your chosen school, local representatives of overseas institutions and doing extensive research on the Internet can be a fruitful exercise in helping you making your shortlist.

PLS DO POST YOUR COMMENTS ON IT.THANKS.................

pahuja.chirag

doing mba in the recession people will help you grow in the period of recession by providing you tools to overcome recession .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. ....................

corvus

I second Naveen. Normally a lot of people look towards an additional degree during a recession. Choosing the right college becomes important and difficult as there will be a lot more applicants than during normal times. If one is hoping to get gainful employment as soon as the course is finished, it depends on whether the recession is over or not. The choice of college that one has made will also be crucial. While the top colleges will always attract employers, recession or no recession, the lower ranked colleges may find it difficult. The best option in such times can be to get into an exec program without sacrificing one's job, if already employed.

manthan_479

what i think is...recession is not permanent.........but the degree and quality of education u get is permanent and ur life depends on it..................................so............ ..

***kartik***

Isnt MBA OVER-RATED anyway

?

In recession, an MBA will be working for pay that is marginally above the non mba and only achievers rise in ranks and positions.

MBA in recession? WHY? Recession gives you a reason to start your own business

manthan_479

Karthik always talks like an entrepreneur........ its really motivating to read him....gr8/////

ornthordarson

I think it really depends on the industry you are working in. Being a Banker in recession is the best school you can ever get. But being in IT might not get you the same experience during a recession, just less work.

grover.vj

wonder wats goin to have now
already the Ibanks have vanished, lets hope the same does not happen in India

hrishikesh_desai

Popular Quote post the current fiasco ........

"There are two sides to a Balance Sheet.- Left & the Right (Liabilities and Assets respectively) on the Left side there is nothing right.. and on the right side there is nothing left"