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Jobs Bust Leads To Boom For Business Schools?

July 9th, 2008 · 2 Comments

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In every recession, there are certain things that boom.

And almost every recession leads to a boom in Business School students.

It’s a strategy that makes sense. You can only bang your head against the wall so many times before you decide to try something else. And sometimes that “something else” means hunkering down and waiting until the hiring begins again. In the meantime, why not improve your hiring potential?

(h/t SavvySugar)

The Graduate Management Admission Council (GMAC) reports that applications to MBA programs nationwide are rising (applications for full-time MBA programs were up 36% this year from last year) as applicants look to enhance their resumes or pursue career changes—at least until companies start hiring again.

This reminds me of a post I did from last March. A tough job market is often an opportunity to educate yourself, enhance your skill set, and position yourself for the day when jobs are plentiful again. In other words, use the bad times to get a leg up. Repost below:

Related posts:

  1. Business Casual Vs. Business Formal
  2. 2008 Crystal Ball- Where The Jobs Are
  3. 2008 Crystal Ball- Where The Jobs Ain’t.

Tags: Getting Ahead · Jobs

  • Scott

    I have to agree with the fact that people are going back to school (undergrad as well as graduate school). But what I have been hearing that that because of the high costs of gas, on-line classes may be booming as well. And if THAT happens then the professors who teach in-class will be affected by the trend.

    Vicious circle isn’t it?!?

  • Scott

    One other thing, I have my MBA but my current employer considers me a threat to their authority (I’m more educated then thay are).

    I have applied to other employers and because I don’t have the right “experience” that they want I don’t “qualify.”

    To make up for any shortcomings, I am seeking a mentorship and have joined a couple or organizations. But because this is an employers market, tapping into that market is hard enough. Employers are wanting pedigrees when it comes to potential employees.