The Value of MBA During Recession

All the major banks in US are suffering. List of banks receiving stimulus funds are growing. Finance and Investment bankers working in those banks must have graduated from top Business Schools, what is the outlook for MBA Graduated during this recession? Will companies hire MBA degree holders?

Business Week had published an article which explains the answers to above questions

• New research suggests fewer companies will be hiring MBAs this year, and salaries in tech, financing, and manufacturing will be flat or down
• This year, students will enter the job market with unemployment at a 16-year high, coveted jobs in investment banking and finance gone after the downturn, gave way to a full-blown financial crisis
• One of the problems is that the economy seems to fluctuate on an almost day-to-day basis
• For new hires, the study predicts that the average MBA starting salary would likely remain at or below 2008 levels, a departure from the usual annual increases that MBA graduates have come to expect.

You can read the entire article. But at the same time number of student applying to schools is also increasing at a rapid rate. Schools are getting 4 times the applications as last year’s. Economy is expected to rebound in a couple of years, so this is the time to get the degree you need. European Business Schools are visiting US Cities to recruit students.

Maybe its time to get MBA that will give different exposure compared to US based corporate system. Ganesh has written an detaield article for students who are still undediced between MBA or MS in US. That will give an overview of what to expect during MBA career in US as well as Technical field.

Related posts:

1. Is Business School – MBA Right For You?
2. Harvard Business School New 2+2 MBA Program Accepts GRE
3. MBA without GMAT Score
4. European MBA Schools Visiting American Cities
5. Increase in MBA Students at Top Business Schools