An MBA in Recession time: Does it make sense?

manthan_479 said:
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..............
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absolutely second it..an MBA is always a long term investment..economic recessions and booms are unaviodable and wud appear and disappear multiple times throughout one's professional life..but the business acumen what a good MBA provides you is a tool that would one can utilize throught one's lifetime..irrespective of whether we're living thru a boom or a bust..!
 
Why Not! MBA in recession times makes you more focussed and determined to pursue it. It adds one more weapon in your armoury. I firmly believe that the pinnacle of any job is management and there are no second thoughts on the fact that an MBA degree gives you an advatage oer others in management.
MBA in recession or BOOM always makes sense.
 
manthan_479 said:
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..............
Click to expand...
Hi Navin

If you pursue your MBA from a B School which figures in the Top 15 either indian or global, you are sure to meet success. As they teach how to face real world challenges and come out successfully. An MBA degree from such a B School is not just a ladder to get a good placement, but it is a place where u get reformed into a professional who can think beyond Problems and find an Excellent Solution to it. This learning will not end with solving organizational problems but also extends and helps in solving your personal problems too.
 
I believe thats a great idea for all the mba aspirants like us. to make sure that we contribute to our own success on our own and not let it be affected by simple temporary reasons like recession time .
 
In my opinion, an MBA is always helpful in a tight job market. But your specialization can make or break you. For example, jobs in financial services are down. There are still plenty of jobs available for new MBAs, but competition is fierce. Graduates who have a solid education from a school with a reputable program are likely to fair best.
 
n 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.
 
yeah it make sense

navin_c said:
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.................
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yeah it make sense at this time
 
i don't think we are in a problem. whether recession or not it doesn't matter. we must learn something how the top CEO's are doing to overcome the situation. That will definitely help us to have some idea about Crisis management.

:SugarwareZ-272:
 
I like the balance sheet analogy..... unfortunately, however, it is a good illustration of the very thing that (I believe) is going to drag the global economy into a new dark age unless there is a radical paradigm shift. The current crisis is indicative of 3 decades of ideological market fundementalism, and is hardly a surprise. We've tried 100 years of the left/ right debate; we've seen that personal greed is, in fact, not good; We've seen every extreme market only based prediction fail, and watched as Presidents and PR companies frantically make excuses and pass the buck. The question to me, therefore, is not "is this a good time to do an MBA?", but "what are our educational institutions going to change in mba programs so that we don't get another generaltion of self- congradulating PR experts repeating the same mistakes that have led to this crisis?"!!!
 
I think this is the best time to go in for further education. If it is a 2 or greater year course, by the time one passes out, the market would have picked up. However, even if one decides to go into MBA, I feel going for specialized streams or programs, such as Risk Management, will be very useful. Its this specialized knowledge at a comparatively lower cost that companies will look for.
 
not necessary tat recession affect MBA badly mainly the reason being the recession is not permanent its just temperory .............market should stabilise..... and the affect on mbas maximum would be less pay compared to before till the recession is over..
 
I dont think doing MBA will harm in the ressession. May be the passouts will not get the best of the jobs but the market will go up one day and if we are not ready for the day then those who are equiped with the qualification will take the cream away.
 
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