A lot of people are also thinking this way which makes it more competitive to gain entry to your choice business school when the economy is weak. Conversely when the economy is on a bull run, business schools go out to woo prospective students. And even going as far as re-working(shortening) the curriculum to attract students.

I completed my MBA in a local uni and I say it is worth every cent. In addition to gaining a more structure way of tackling problems (which is an attraction to consultancies), the biggest value has been the career services that the uni provides. The kind of industry links and career doors that the uni opens in are sometimes just not assessable to most folks.