The Wall Street Journal reports that applications to MBA programs were down again, the fourth year in a row.
M.B.A. Applications Drop for Fourth-Straight Year - WSJ.com
The median number of applications world-wide fell 22% in 2012 for the two-year degrees, after a nearly 10% decline last year. For many programs, the losses are off of multiyear highs that occurred as young professionals sought refuge and new skills in academia amid the financial crisis. But prolonged economic uncertainty is leaving many prospective students wary of the significant investment of both time and money required for a two-year, full-time program. |
The GMAC survey included 744 M.B.A. and other business programs at 359 schools world-wide.
The declines hit even prestigious programs like Columbia, Michigan, Stanford, and NYU. UCLA notched a gain after an aggressive marketing effort. Good news/bad news.
This may be bad news for the programs seeing declines, though none of the elite programs will have difficulty filling their seats with highly qualified students. On the other hand, applicants targeting these programs may find the competition a wee bit less intense.