Business School Applications Sputter
BusinessWeek - August 11, 2010
The two-year boom in business school applications that accompanied the deteriorating economy appears to be over, with 12 top U.S. MBA programs now reporting that 2010 applications are flat or down compared with 2009, including the University of Pennsylvania's Wharton School (Wharton Full-Time MBA Profile) in Philadelphia and the Haas School of Business (Haas Full-Time MBA Profile) at the University of California at Berkeley. The slowdown at the top programs comes a year after applications dipped more broadly among global business schools surveyed by the Graduate Management Admissions Council, the Reston (Va.) nonprofit that administers the entrance exam used by MBA programs. In 2009, GMAC reported that 64 percent of the 332 business schools surveyed had a year-over-year application increase in their two-year MBA programs, down from 80 percent in 2008. GMAC spokesman Sam Silverstein says "the boom in applications appears to be softening" and that the number of programs reporting increases will likely be down for the second consecutive year when the organization reports the results of its most recent survey later this month.http://www.businessweek.com/bschools/co ... 392560.htm
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