Thursday, September 6, 2018
Poets & Quants, MBA Apps Take A Shocking Plunge:
To paraphrase Charles Dickens, MBA demand has largely been a tale of two MBA markets in recent years. Many second-tier business schools have struggled in recent years to recruit candidates to their full-time MBA programs, while the more highly ranked MBA programs have generally reported ever increasing numbers of applicants to their programs.
Not any more. MBA applications at many of the most highly selective business schools in the U.S. are plunging, in many cases by double digits. An analysis of preliminary 2017-2018 application data by Poets&Quants reveals some shocking declines. ...
Anti-immigration rhetoric along with greater uncertainty over work visas have scared off many international applicants. ... The strength of the U.S. economy, meantime, isn’t helping things. Strong economies depress MBA application volume. With the U.S. near full employment, professionals have plenty of job opportunities without having to pursue a graduate degree. And during economic downturns, when layoffs occur, many young professionals seek refuge in school.