2009 is a crucial year for MBAs. It could be highly advised to stay away from one year mba's during 2009. Placement stats at some of the 2009 passouts doesnt seem very encouraging and hovering around 20 to 40% is quite a bit a warning enough.
DO's:
1. Ask the school that you are applying what the situation of the current student placements are.
2. Do ask for proofs of placements rather than of companies who arrived at career fairs.
3. Ask the school how many of its students got internships during this current year. Be aware that schools might give out the past numbers as frame of references.
4. Join only if you get positive numbers from schools about their placements unless ofcourse if placement is not one of your concerns.
5. Ask about cost of financing and do demand on scholarships.
6. The best way to force a school to give you a scholarship is not through the essays but through an admit at another school. So even if you have made up your mind to go to a particular school, always apply to more than one so that you can negotiate your scholarships.
7. Take scholarships seriously as ROI might be very low when it comes to jobs during a recession period.
Good luck in applications.
