Harder to get into B-school due to credit crunch?

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There has been a lot of talk lately with a number of experts in the press predicting more intense competition to get into the top business schools due to the number of people being made redundant / thinking of b school etc increasing because of the credit crunch....

However, I'm utterly confused. Lately, having attended 5-6 top school presentations, absolutely all of them have emphasised DIVERSITY as key to their success. This not only meant diversity in gender / race / backgrounds but also occupation and industry. Although I understand that there would be differences between schools, I got the impression that schools had rough 'quotas' each year for admitting people from consulting, finance, industry, charity etc etc...the percentages are pretty consistent each year.

SO, I wanted to hear from the experts on this forum: is competition likely to increase mainly in the finance pool or will the credit crunch effect spill over into people with non-finance backgrounds as well?
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by Lisa Anderson » Sun Oct 26, 2008 6:55 am
Dear justbeatit,

Good question...The competition will increase for everyone as the applicant pools will be larger as a whole. I would say folks with financial services industry experience might face a little bit more, but that is mainly in the sense that they need to distinguish themselves from more folks who look like them on paper. I think there will be ripple effects though with other industries that service financial services which is why the competition will be tougher for everyone.

Good luck,
Lisa
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