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Re: Discussion: App Volume? Up or down this year? [#permalink]
 31 Mar 2010, 14:26
GoBruins wrote: That graph indicates the trend was going down by 2009. Interestingly, applications for B-School decreased in 2002 and 2003, after the bursting of the dot com bubble. It remains to be seen if our recession will follow the same trend but I'm guessing people will find it harder to pay for B-school during a recession (as well as getting a loan in today's credit restrictive market). There was a surge in 2008 because of the layoffs in the finance industry in R1. Makes sense because alot of people still had $$$ at the onset of the recession and many of them were from the finance industry trying to upgrade to an MBA. However, R2 and R3 applicants were down last year so I'd be interested to know if those trends continue to this year.
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Re: Discussion: App Volume? Up or down this year? [#permalink]
31 Mar 2010, 15:33
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gmattester123 wrote: GoBruins wrote: That graph indicates the trend was going down by 2009. Interestingly, applications for B-School decreased in 2002 and 2003, after the bursting of the dot com bubble. It remains to be seen if our recession will follow the same trend but I'm guessing people will find it harder to pay for B-school during a recession (as well as getting a loan in today's credit restrictive market). There was a surge in 2008 because of the layoffs in the finance industry in R1. Makes sense because alot of people still had $$$ at the onset of the recession and many of them were from the finance industry trying to upgrade to an MBA. However, R2 and R3 applicants were down last year so I'd be interested to know if those trends continue to this year. I wouldn't necessarily confuse application volume to all business schools with application volume to top business schools. For instance, we know MIT had a huge surge in applications this year over last year, and last year over the year before. (Unless they're lying.) Perhaps people are being more wise about how they spend their money in a recession and there is a flight to quality?
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Re: Discussion: App Volume? Up or down this year? [#permalink]
31 Mar 2010, 15:42
Also just an idle thought but could app volume in 02/03 have also been pushed downward by a surge in military enlistment during those years?
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Re: Discussion: App Volume? Up or down this year? [#permalink]
31 Mar 2010, 16:34
People apply to different programs in recessions-after being laid off at my dot com in late 2001, I went to law school.
I haven't tracked it, but I'm guessing the application volume for graduate programs overall increases during the initial stage of recessions and then tapers off-I'm not sure that application volume for all business schools would necessarily go up just because of an economic recession. My guess is that it might be up for certain schools and programs. Recent graduates who would have made an attempt at the workforce either take the K-JD/MD/Ph.d track, or people who have been personally impacted by the recession go back for an MBA etc. etc.
I actually thought about the MBA back in the last recession, but the reason I chose to go to law school at that time was that I was really young and didn't think 2 years of WE qualified me for a decent MBA program.
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Re: Discussion: App Volume? Up or down this year? [#permalink]
01 Apr 2010, 01:48
shana22 wrote: I wouldn't necessarily confuse application volume to all business schools with application volume to top business schools. For instance, we know MIT had a huge surge in applications this year over last year, and last year over the year before. (Unless they're lying.) Perhaps people are being more wise about how they spend their money in a recession and there is a flight to quality? That graph is for business schools in general, not for the top business schools. BTW, I wouldn't cherry pick MIT as one example. Even if overall applications go down, there will be select business schools that see their own applications go up. I'm more interested in the general case. And after the dot com bust in the early 2000s, the MBA apps went down.
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Re: Discussion: App Volume? Up or down this year?
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01 Apr 2010, 01:48
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