Well THAT will be an interesting question!
The recruiting season for 2Ys on many business school campuses is underway, and the employment market is in a state of chaos in some sectors.
What will happen with companies who force employees to come into the office? Will those policies cause the employers to lose talent?
How will the economy withstand the inflationary pressures, and how will it affect salaries for those coming out of bschool in the spring?
Nobody knows the answers to any of these questions, but everyone is watching carefully — and you might want to be, too!
Anyone interested in the MBA is, by definition, saying they’re interested in business.
A huge part of business concerns the economy, and what market forces are doing.
Staying tuned in to these changes in the world around us is required of leaders — and is a habit that you may want to start nurturing if you’ve not typically been one to pay attention to these issues.
(Even though yesterday’s post said that Tuck sucks…) One useful resource is the Slaughter & Rees Report which is published by Dartmouth Tuck. Here is a recent post from them discussing the Great Resignation , which included this interesting tidbit:
“Research has long documented that workers at large, globally engaged companies tend to earn more than workers at purely domestic companies…”
Huh. Did not know that!!
If you’re looking to maximize your earnings opportunities coming out of bschool, then that may be a factor to consider.
Targeting large multinational corporations is common when applicants write about career goals in essays — but it’s often done so without much explanation or logic. When BSers write about the companies they’re interested in, it’s important for those named companies to make sense within the pitch as a whole (note: we’re not trying to suggest that you should include in the essay that the reason you want to work for a multinational is because of making more money). When you do so, then having the career opportunities be justified or explained based on what you’re looking to do or your professional priorities in how you’ve crafted your plans for the future is a significant part of making the goals fit together and be viable. (Our Career Goals App Accelerator offers more on this if you’re curious.)
It’s well understood that, at least for most people, the reason that they’re interested in the MBA is to make more money in the future. That’s kind of a given. It’s not something you would want to talk about in the essays, either, because in the U.S.A., it’s considered crass or rude to speak of money and earnings, and it can sound off to do so in an essay for admission. (There are some edge cases where it can work, but it would need to be handled delicately, and it would only be advisable based on specific personal circumstances.)
However, given that so many applicants are looking for the MBA to increase earnings potential, then it seems appropriate and useful to be talking about that openly here.
But to answer the question we posed in the title? We have no effing clue.
Thus, the link to that article from the smart professors (and dean!) at Tuck , which explains stuff happening in the economy way better than we ever could. It might be worth subscribing to their posts so you can stay well informed as the world goes through these changes and shifts.