Laid off before starting application process

[daytripper]

Hi,

My question is regarding how laid off applicants are viewed.

I joined a financial analyst rotational program at a multinational firm after graduation in 2007. After completion of the program in July 2009, I joined a corporate strategy team working on various high-level internal consulting projects. During this period, I realized that I was ready to pursue an MBA and I planned to apply to bschools in fall 2010.

Unfortunately, due to a big firm restructuring, half my team has been laid off and I have been unemployed since late March 2010. Currently, I am actively seeking a new job.

If I do not find a job by the time I apply, or if I find a job that does not seem to fit in with my career progression (e.g. pay cut, different industry, less "glamorous" position, etc.), would this be viewed negatively by admissions committees?

Also, how do you suggest I write about this in my essays? Appreciate any constructive feedback.

[Stacey Oyler]

Hi daytripper,

Thanks for your post. I'm sorry to hear about your job situation. Unfortunately many applicants for bschool have found themselves in the same situation. There are a couple of things you should keep in mind. The first one is in regard to how your spending your time now. While looking for a new job is a lot of work, you should also be finding other things to do with your time such as volunteering for example. The adcom wants to see that you were productive during this time.

In regard to your job search, you can try to find something in the financial services field (although I'm sure it's not easy), or you can use this as a chance to try out a new field of interest. Even taking a entry level job in a field that you wish to pursue post MBA is a good idea. You'll get a chance to get your feet wet while demonstrating to the adcom that you are working towards achieving your goals.

Best of luck!

Stacey