I've noted this before, but perhaps it bears repeating: This is a great time to think about your MBA.

Why? Well, as a San Francisco Chronicle piece points out, applications to B-schools are down, at least for full-time programs. Many people, uncertain about future employment prospects, are reluctant to quit their jobs to pursue school. So while B-schools may be flush with applicants for their part-time and executive programs, they're not so overrun with applicants for full-time spots.

The pendulum is likely to swing in the opposite direction at some point (it always does), so strike while the iron's hot and the pool is shallow.

The piece also details the buzz surrounding the MBA World Tour, which pulled into San Francisco for the week. Reps from 108 schools touted their programs and answered questions from prospective students. Look for the tour to land in your (major metropolitan) neighborhood soon.