Last Friday, Fortune’s Anne Fisher published an article entitled “Skip the Recession, get an MBA?” It’s no surprise that many twenty-somethings are considering an MBA now that they have lost their jobs or their bonuses have disappeared. I agree – it’s a great time to go back to school as it is reasonable to think that things will have improved by the time you graduate. However, it can be extremely competitive, as all the laid off applicants are now competing for the same spots. I supplied Anne with a list of tips for this article, that you might find interesting if you find yourself in this situation. If you are out of work and contemplating an MBA application, take a look at this article and read our tips!