It’s no surprise that students who graduate smack in the middle of a recession will likely earn less than those who graduate during boom times. Numbers based on Stanford’s MBA program, for instance, show the average earnings over a career can be $1.5 to $5 million less, according to a Canadian MBA school blog.
But starting your MBA at the beginning of a recession is another matter. Given that it takes 1-2 years for the economy to turn around, you would be finishing up your degree just as the financial outlook brightens.
By the way, the top 10 MBA schools in the world, according to the 2008 Financial Times annual rankings are:
1. University of Pennsylvania: Wharton
2. London Business School
3. Columbia Business School
4. Stanford University GSB
5. Harvard Business School
6. Insead (Paris)
7. MIT: Sloan
8. IE Business School
9. University of Chicago GSB
10. University of Cambridge: Judge
For the full list, visit Financial Time’s Global MBA rankings.