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A friend, who is currently attending Harvard Business, had as his Facebook status recently, "hoping that Obama's financial bailout includes a golden parachute f

A friend, who is currently attending Harvard Business, had as his Facebook status recently, "hoping that Obama's financial bailout includes a golden parachute from his MBA program." He was a consultant at a Big 4 consulting firm before going to school, but now even his former company isn't hiring. People are pounding at the door to get into the top schools, and hardly anyone can find a way to get out (into a job).

kqr2 18y ago
I wonder if the number of applicants to HBS has decreased. If so, it might be a good time to apply if you are interested.
- ryanwaggoner 18y ago
  It's probably just the opposite. A lot of those people who got laid off are probably heading back to school, and while it might be hard to get a job now, the value of having HBS on your resume lasts a lot longer than this recession will.
  - chris11 18y ago
    That's basically what I heard. Basically there's a positive correlation between unemployment and grad school enrollment. I've under the impression that your pay over the total time spent at a company can really depend on starting salary. So college graduates hope to wait out the bad market by going to grad school. And the unemployed hope to improve their job prospects by going back to school. Comic with data from NFS:http://www.phdcomics.com/comics/archive.php?comicid=1078 http://www.phdcomics.com/comics/archive.php?comicid=1078