If you are unlucky enough to be around for depression 2.0, you just have to make the best of it; if your whole purpose with grad school is to transition away from your current field, I don't see how it benefits you to spend the next year there.
You might struggle to find a job, and if you're not married you might run low on savings, but the fact that you have the brains to get into these programs indicates you'll most likely figure out a way to get a job before long.
I think you're on to something, and your logic is spot on. All else equal, it's better to start studying earlier.
In my case, I did accept the offer in the first year for the school, shortly before learning my wife and I were expecting our 1st child. I was working, and it seemed prudent to save up more money before heading back. CMU rejected me, which was a bummer, because I really thought their curriculum and the strength of the interns / graduates I had worked with was top notch. The second year, I received some very direct feedback from one of the programs which rejected me, suggesting I should do 6 more math courses (4 at graduate level) to meet the minimum standards for the program. I was still working full time, but I realized the only thing worse than being rejected would be to be accepted and fail out. I did the courses, re-applied, and was accepted to a few more programs than the first round, one of which was CMU. It was a very hard choice, because the other two schools had updated their curriculums along the lines of what I hoped to learn.
Regarding COVID, I don't think we've seen a situation where the entire Global economy has just basically, well, stopped. There is clearly going to be a lot of pain, and a lot of repercussions. There is also going to be a lot of opportunity when the dust settles.
I can't pretend to say what that will look like.
I can say the skills, knowledge, and perspective I am gaining in grad school will help me to make the most of what comes my way.
Calculus Based Probability, Mathematical Statistics, Stochastic Processes, and stochastic Methods of Operations research. They were 500 level in my (US based) program, but I think they are high level undergrad in other US programs and high level nursery school in other international systems.
I also had to finish differential equations and redo linear algebra. Very grateful for the nudge to redo linear algebra, and wish I had done more PDE; I’m on the buy side, but the stuff you can do with stochastic processes is super fun and useful if you have a solid foundation.
whats the general sense from colleges you've heard back from? Right now it's a wait and see approach, i assume.
Also, what are you guys planning w.r.t to the current situation. Looking at waiting a year, or do you plan on starting this year, if it's feasible to do so ? Would love to hear your thoughts.
Students at the University of Chicago are organizing a tuition strike, threatening to withhold their payments for the spring quarter if the school doesn’t give them a hefty discount.
That cry is being heard on other campuses as well, as students complain that online classes don’t measure up to the real thing and say they shouldn’t have to pay the full load for a subpar experience, especially at a time when more are facing financial uncertainties.
California State University (largest public 4 year university system in the US) announced that they will not hold class on campus this Fall.
This probably be the same for colleges in other states as well. Not sure how this will play out for the international students.
At Boston University Metropolitan college - it’s like the adult education part of BU. I had to start w basic calculus, etc. once I got above the 200 level classes, most of my classes were w regular university students. At the end, I earned a second bachelors in math, but that’s just because I had to do so much remedial work that by the time I got to the classes needed for the MFE I was maybe 1 or 2 courses shy of the BS, so I just went for it.