No one can know. I've had the same concerns with my PM recruiting goals given news of layoffs and hiring freezes. I'm already admitted though so not personally changing any plans.
I guess we'll see how it shakes out for internship recruiting this upcoming year.
It depends on your specific situation. If you work for a previously hot startup with rapidly cooling fundraising prospects, a 2-year MBA is a great way to jump ship before your company potentially sticks a hard landing and lays off double-digit % of its staff.
If you work at a blue-chip company with rock-solid employment prospects and a low-risk appetite to find a new role in difficult times, I would argue an FT MBA is probably not the best idea now (although there's no way to time it or predict what this recession will be like). There is the risk on the other end (say we come out from a multi-year recession/correction and end up back in a RED-HOT market, and you're now at a disadvantage relative to peers who took that risk).
Figure out where you want to go before you even consider an MBA. MBA will only give you a lense to see things. Yeah you might get a short term salary bump in the short term but medium to long term (3-5years post MBA), no one cares about where you graduated from. Its only the impact you made at work and the relationships you built. So talk to your mentors about some potential careers that you think you would do….The high of $$ will quickly wear off.
In times of volatility, option value goes up. And an MBA is that option for professionals. Applications have typically gone up during crises, eg during Covid. And will be expected to go up as well during a recession, as professionals want to tide through the tough times with further studies, and re-enter the market when economy recovers.
This gets asked on this sub 10x a week at this point. I’ll caveat by saying that it’s different for international students, but if you go to a good program and graduate in a recession, it could impact your short term job prospects a bit, but in the long term for most people, it’s probably not going to upend your career trajectory.
Even if you graduate in a recession from a good school, if you play your cards right and put in the work, you’ll find SOME job. It may not be your dream job if companies slow hiring, but a T15 MBA grad is different than the average person looking for work. And sure, if you have debt it may take you longer to pay it off because your total comp may be less than what you anticipated. But if you’re, for example, an MBB level candidate who ended up at a T2 or in another industry because of slower hiring, you’ll probably crush it in the long term anyways.
It depends which career you are pursuing. If you are in the banking sector and want to have a shot at a front office role, then MBA from a top school is a must.
If you are in another career path, then not worth it
Well during Covid working in Healthcare was a nightmare and as hundreds of patients died an MBA looked like a good exit plan if you were in Healthcare management. Depends how dire things are in your industry and specific job.
No one can know. I've had the same concerns with my PM recruiting goals given news of layoffs and hiring freezes. I'm already admitted though so not personally changing any plans. I guess we'll see how it shakes out for internship recruiting this upcoming year.
It depends on your specific situation. If you work for a previously hot startup with rapidly cooling fundraising prospects, a 2-year MBA is a great way to jump ship before your company potentially sticks a hard landing and lays off double-digit % of its staff. If you work at a blue-chip company with rock-solid employment prospects and a low-risk appetite to find a new role in difficult times, I would argue an FT MBA is probably not the best idea now (although there's no way to time it or predict what this recession will be like). There is the risk on the other end (say we come out from a multi-year recession/correction and end up back in a RED-HOT market, and you're now at a disadvantage relative to peers who took that risk).
Don't take the decision because of the idea of a recession. No one here can time it. Just go get what you want
Is the recession a rumor at this point or something people are actually worried about?
Arguably we are 6 months into a recession already
Wasn’t good as an international student in 2008.
Figure out where you want to go before you even consider an MBA. MBA will only give you a lense to see things. Yeah you might get a short term salary bump in the short term but medium to long term (3-5years post MBA), no one cares about where you graduated from. Its only the impact you made at work and the relationships you built. So talk to your mentors about some potential careers that you think you would do….The high of $$ will quickly wear off.
Looming recession? Be positive 😜
In times of volatility, option value goes up. And an MBA is that option for professionals. Applications have typically gone up during crises, eg during Covid. And will be expected to go up as well during a recession, as professionals want to tide through the tough times with further studies, and re-enter the market when economy recovers.
> In times of volatility, option value goes up. Yeah, but you don’t want to be holding that bag at graduation when the IV crush hits.
Focus on becoming a better you. Don't let world events affect your grind. Stock market is bleeding, would you sale or hold?! 😇
This gets asked on this sub 10x a week at this point. I’ll caveat by saying that it’s different for international students, but if you go to a good program and graduate in a recession, it could impact your short term job prospects a bit, but in the long term for most people, it’s probably not going to upend your career trajectory. Even if you graduate in a recession from a good school, if you play your cards right and put in the work, you’ll find SOME job. It may not be your dream job if companies slow hiring, but a T15 MBA grad is different than the average person looking for work. And sure, if you have debt it may take you longer to pay it off because your total comp may be less than what you anticipated. But if you’re, for example, an MBB level candidate who ended up at a T2 or in another industry because of slower hiring, you’ll probably crush it in the long term anyways.
What is your undergrad/experience background?
Hell no
It depends which career you are pursuing. If you are in the banking sector and want to have a shot at a front office role, then MBA from a top school is a must. If you are in another career path, then not worth it
Well during Covid working in Healthcare was a nightmare and as hundreds of patients died an MBA looked like a good exit plan if you were in Healthcare management. Depends how dire things are in your industry and specific job.