<p>The financial jobs are only a narrow portion of all the business jobs out there. There are 1000's of large companies hiring busienss grads. Also accounting firms and even many aras in the public sector--even the state government needs accountants, marketing and finance people.</p>
<p>Not likely much change except that applications might decrease somewhat next year to places like Wharton (and even UPenn in general) if economy remains in funk because there will be some who would otherwise apply who opt for less expensive public university.</p>
<p>Typically, colleges are aniti-recessionary, hence apps go up in bad times in order to park for awhile and ride it out and get increase knowledge/training. As for B-schools one can argue that to the degree you will be more prepared for business than say a Philosphy student in terms of resume, it may actually better to go that route. Given the lags and keeping an eye on the economy, it may be worth not changing your original plan. Depends, an unfortunately common ansewer.</p>
<p>Grad B Schools are seeing more applicants because it is harder for recent college grads to get jobs in this economy. Thus, it's worthwhile to wait the recession out and gain an education. As for undergraduates, I think Wharton be virtually the same whereas other, less prestigious schools, may see some drops in applicant numbers.</p>