Over the past year the fortunes of business schools have followed the same rollercoaster ride as the global economy. In December and January it looked as if those graduating from MBA programmes would find it difficult to find any kind of appropriate job, let alone a high-paying job on Wall Street or in the City of London. MBA degree programmes were called into question as it became increasingly apparent that many of those who were instrumental in the financial meltdown had graduated from the world’s top business schools.