Thursday, October 6, 2022
Wall Street Journal, The Job Market Is a Problem for Harvard, Wharton, Other Top M.B.A. Programs:
Harvard Business School and other top business programs are reporting steep drops in applications as the hot labor market and the cost of the degrees are keeping would-be M.B.A.s on the job and out of their applicant pools.
At Harvard, widely regarded as the nation’s top business school, M.B.A. applications fell by more than 15%. The Wharton School of the University of Pennsylvania recorded more than a 13% drop. At other elite U.S. programs—including Yale University’s School of Management, as well as the business schools at the University of Chicago and New York University—applications dropped by 10% or more for the class of 2024. ...
The Massachusetts Institute of Technology’s Sloan School of Management, Northwestern’s Kellogg School of Management, Dartmouth’s Tuck School of Business, the University of Virginia’s Darden School of Business and the University of Michigan’s Ross School of Business also indicated their applicant pools shrunk. Sloan’s 25% decline to 5,349 applications followed a record year for applications—7,112—last year. A spokesperson characterized this year’s figures as in line with prior years.