I suppose the other thing is that the more graduates there are in the job market, the smaller the chances of finding employment. Sure, an MBA should improve one's situation, but who knows - with the ever-increasing number of MBA grads out there, I suspect that more and more employers will be looking for professional experience and personal qualities which mark one candidate out from another. To take one, admittedly not MBA specific example, its well known that if you want to get into Oxford or Cambridge as an undergraduate, simply having three A's at A-level isn't enough. Even 5 A's may not make you sufficiently distinguishable from the competition. This is partly why Oxbridge interviews frequently throw up so many seemingly "bizarre" questions - its one way to draw out the creativity and thinking capacities of the interviewee. I wonder if something similar is going on now, or will do, in the world of MBA applications. Either way, given today's economic circumstances, and given that we have no idea how long the situation will go on for or whether it will get better or worse, perhaps now is the ideal time for anyone thinking about doing an MBA in the next couple of years to work on their "creative" portfolio - by which I mean develop interests and areas of expertise, or gain work experience, other candidates won't have, but which might yet be or relevance or have transferrable applications in the future.
Just a thought.
I suppose the other thing is that the more graduates there are in the job market, the smaller the chances of finding employment. Sure, an MBA should improve one's situation, but who knows - with the ever-increasing number of MBA grads out there, I suspect that more and more employers will be looking for professional experience and personal qualities which mark one candidate out from another. To take one, admittedly not MBA specific example, its well known that if you want to get into Oxford or Cambridge as an undergraduate, simply having three A's at A-level isn't enough. Even 5 A's may not make you sufficiently distinguishable from the competition. This is partly why Oxbridge interviews frequently throw up so many seemingly "bizarre" questions - its one way to draw out the creativity and thinking capacities of the interviewee. I wonder if something similar is going on now, or will do, in the world of MBA applications. Either way, given today's economic circumstances, and given that we have no idea how long the situation will go on for or whether it will get better or worse, perhaps now is the ideal time for anyone thinking about doing an MBA in the next couple of years to work on their "creative" portfolio - by which I mean develop interests and areas of expertise, or gain work experience, other candidates won't have, but which might yet be or relevance or have transferrable applications in the future.
Just a thought.