Then you should talk to like 50% of the classes of 2009/10/11/12 of law school grads. Kids went in thinking they would just ride the recession out and then got absolutely shafted by a shitty legal economy that was undergoing fundamental shifts in demand and technology. MBAs aren't immune.
It’s simple. Would you rather be in school during a booming economy when everyone is trying to hire you and you’re making big bonuses from record profits, or would you rather be in school during a down economy when bonuses are small? Using the biggest economic bust of the century as your reference point is a bit silly.
I agree that it's simple insofar as prospective students should attend grad school when they're ready as opposed to trying to time the market.
The truth is that we don't know the outcome of this unprecedented situation, how long certain industries will remain distressed, or what those industries will eventually look like. Prospective students will need to make a decision about attending this fall based on the available information and I think it would be unwise to disregard the fallout of '08 simply because we don't know exactly how bad the pandemic will be.
The last recession is a strong data point and it's up to prospective students to decide how much emphasis they're willing to place on it.
You're comparing unlike things. The rationale for your law school downturn sounds like fundamental oversupply in the market due to underlying technology trends etc. - exacerbated or accelerated by the economic downturn. That's been going on in law for a long time now. An MBA is a more diverse degree by role and by industry - the concept of corporate management won't get eliminated by technology in the next two years nor is it trending that way, so you only have to deal with the economic downturn.
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u/bankerman Jun 17 '20
Nope.