NEW HERE? LEARN MORE
closeclose
Last visit was: 25 Apr 2024, 05:12 It is currently 25 Apr 2024, 05:12
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

Less applications in R2/R3

SORT BY:
Date
Kudos
   1   2 
User avatar
FN
Current Student
Joined: 28 Dec 2004
Posts: 1581
Own Kudos [?]: 642 [0]
Given Kudos: 2
Location: New York City
Concentration: Social Enterprise
Schools:Wharton'11 HBS'12
Send PM
Re: Less applications in R2/R3 [#permalink] New post   24 Jan 2009, 16:28
folks..i was talking with a friend of mine, an alum of CBS, who interviews applicants in europe and she says thus far the funnel of applicants looks thin..compared to past years..

she says there are a lot less international applicants this year.
User avatar
AlexMBAApply
MBA Admissions Consultant
Joined: 26 Dec 2008
Posts: 2457
Own Kudos [?]: 598 [0]
Given Kudos: 2
Location: Los Angeles, CA
Send PM
Re: Less applications in R2/R3 [#permalink] New post   24 Jan 2009, 16:47
Obviously we won't know for sure until the season is over and the actual applicant volumes get published, but from what I know and what I can sense, the applicant volumes are likely to be flat overall compared to last year.

Last summer, a lot of us (adm consultants, adcoms, media, etc.) thought that volumes were really going to spike, but that was predicated on the fact that the downturn would be short lived (remember that this was way before the house crumbled in October).

Another not-so-insignificant factor is money. A good chunk of the applicant pool at all US schools (whether they are "top" schools or just regional schools) are from outside the US. And when the student loan/cosigner situation is in limbo, it would have a real impact on applicants. No point in lining up to gain access to the club if you can't pay the cover charge. Not to mention that anyone who has had any money in the markets has lost 20-60% of their savings depending on their portfolio mix. So a lot of folks simply can't afford to go.
User avatar
Nerdboy
Manager
Manager
Joined: 16 Jul 2008
Posts: 210
Own Kudos [?]: 18 [0]
Given Kudos: 4
Concentration: General Management, Finance
Schools:INSEAD Dec'10
 Q48  V47
Send PM
Re: Less applications in R2/R3 [#permalink] New post   25 Jan 2009, 02:41
Not surprised at all...
User avatar
garbus222
Manager
Manager
Joined: 18 Jul 2007
Posts: 159
Own Kudos [?]: 35 [0]
Given Kudos: 2
Location: Europe
Schools:HBS class of 2011
Send PM
Re: Less applications in R2/R3 [#permalink] New post   25 Jan 2009, 13:22
Zoinnk has already mentioned this, nevertheless FYI...

https://www.mbamission.com/blog/

Quote:
Gaining admission to HBS this year will be challenging not only because of the volume of applications but also because of the quality of applicants – a fact to which HBS Dean Jay Light attested on his Virtual Learning Series call (December16 th). During this alumni call, for paid members of HBS’s alumni associations, Dean Light told listeners that applications in the first round were up by24 % (which would indeed put HBS on pace to receive a record number) and declared that this was the “best set of applicants ever.” Dean Light added that it was the biggest cyclical response recorded in the history of the school. According to a listener, Dean Light stated that the school was considering taking in extra students and joked that they may even add an extra section. We would not recommend that MBA candidates hold their breath for the extra section, but it is possible that HBS may try to squeeze a few extra seats into the classroom. Time will tell…
User avatar
IHateTheGMAT
Current Student
Joined: 10 Jun 2006
Posts: 623
Own Kudos [?]: 61 [0]
Given Kudos: 0
Concentration: Investment Banking or Investment Management
Send PM
Re: Less applications in R2/R3 [#permalink] New post   27 Jan 2009, 21:21
One more data point to add to this discussion, check out this blog post from Tuck:

https://tuckschool.blogspot.com/2009/01/ ... rends.html

Quote:
I would like to talk about our actual application volume this year. The big news is that despite an early upswing in applications, we are not seeing a marked increase overall. This trend is not unique to Tuck.
User avatar
ryguy904
Current Student
Joined: 27 Jul 2007
Posts: 859
Own Kudos [?]: 215 [0]
Given Kudos: 4
Location: Sunny So Cal
Concentration: Investment Management
Schools:CBS, Cornell, Duke, Ross, Darden
Send PM
Re: Less applications in R2/R3 [#permalink] New post   29 Jan 2009, 10:23
This was posted on bweek in the "Ask the Johnson School Admissions Office" thread:

..."Overall for R2, we're down about 13% for all applications (international and domestic) compared to last year."

https://forums.businessweek.com/n/pfx/fo ... &tid=78160
avatar
Sleepy
Manager
Manager
Joined: 22 Oct 2008
Posts: 214
Own Kudos [?]: 16 [0]
Given Kudos: 0
Schools:Georgetown '11
Send PM
Re: Less applications in R2/R3 [#permalink] New post   29 Jan 2009, 11:24
In the Ross theread someone has posted an interview with the Dean of Admissions and he has also mentioned that R2 is down over prior year.
User avatar
GoBruin
Current Student
Joined: 05 Aug 2008
Posts: 1262
Own Kudos [?]: 175 [0]
Given Kudos: 20
Concentration: Management Consulting
Schools: Ross 2012
 Q50  V44
WE 1: 5 Years at Fortune 50 Company in Manufacturing
Send PM
Re: Less applications in R2/R3 [#permalink] New post   29 Jan 2009, 11:38
Sleepy wrote:
In the Ross theread someone has posted an interview with the Dean of Admissions and he has also mentioned that R2 is down over prior year.


Sleepy, it's good for me and you!!! and especially all the WL'er
avatar
chicagoapplicant
Intern
Intern
Joined: 03 Jun 2008
Posts: 18
Own Kudos [?]: [0]
Given Kudos: 0
Schools:Ross (accepted), Booth (waitlist), McCombs (withdrawn)
 Q47  V40
Send PM
Re: Less applications in R2/R3 [#permalink] New post   29 Jan 2009, 14:58
Here's a link to the Michigan Admissions article that people are referring to:
[url]
https://media.www.themsj.com/media/stora ... 7476.shtml[/url]

Here's the direct quote (found on page 1):

Quote:
as the financial crisis unfolded, and the loan market dried up, students, particularly international students, began rethinking their plans for school. As a result, our Round 2 app volume was down relative to last year. Many other schools are seeing the same thing.


I'm hoping that the app volume at Booth is significantly down for R2...hoping for anything that helps me turn my waitlist into an Admit!
avatar
mbafwi
Intern
Intern
Joined: 01 Aug 2008
Posts: 44
Own Kudos [?]: 10 [0]
Given Kudos: 0
Send PM
Re: Less applications in R2/R3 [#permalink] New post   29 Jan 2009, 16:23
If it is true that international students not applying is the biggest contributer to the R2 decreases, who does that benefit? I'm thinking schools have a certain quota they want to fill with foreign students, and if there are less of them applying, then the ones who do apply have a much better chance of being admitted. On the other hand, Americans will have a harder time getting in due to this situation.

Any thoughts?
User avatar
GoBruin
Current Student
Joined: 05 Aug 2008
Posts: 1262
Own Kudos [?]: 175 [0]
Given Kudos: 20
Concentration: Management Consulting
Schools: Ross 2012
 Q50  V44
WE 1: 5 Years at Fortune 50 Company in Manufacturing
Send PM
Re: Less applications in R2/R3 [#permalink] New post   29 Jan 2009, 16:33
mbafwi wrote:
If it is true that international students not applying is the biggest contributer to the R2 decreases, who does that benefit? I'm thinking schools have a certain quota they want to fill with foreign students, and if there are less of them applying, then the ones who do apply have a much better chance of being admitted. On the other hand, Americans will have a harder time getting in due to this situation.

Any thoughts?


I actually don't think there is a minimum quota for internationals. I think most school place a cap on internationals, so I think this will just push the number of US citizens up. But I don't think this is caused just by foreign loan issue, but also domestic:

[*]Crash of finance system means less opportunities in IB which was a huge draw
[*]Recession and poor future out look means people are worried that they can't get a job after investing 150K
[*]Crash of the housing market means less people are able to just sell their house and move for BSchool without taking big losses(I think previously that people who flipped use that to fund their schooling)
[*]NO MORE IB... again like 50% of the top candidates were trying to strike it rich, you don't become rich in MC like you do in IB.
User avatar
mba07
Manager
Manager
Joined: 08 Feb 2006
Posts: 219
Own Kudos [?]: 11 [0]
Given Kudos: 0
Schools:Ross, Kellogg, Darden (i/v)
Send PM
Re: Less applications in R2/R3 [#permalink] New post   30 Jan 2009, 14:06
mbafwi wrote:
If it is true that international students not applying is the biggest contributer to the R2 decreases, who does that benefit? I'm thinking schools have a certain quota they want to fill with foreign students, and if there are less of them applying, then the ones who do apply have a much better chance of being admitted. On the other hand, Americans will have a harder time getting in due to this situation.

Any thoughts?


It is a tricky situation. Even among the Internationals who applied in R2, a lot cannot afford b-school without non cosignor loans. Will b-schools only pick internationals who can fund the MBA themselves? Or students who they know can get funding from their home country? At least in case of the former, I don't know how they can figure out.

PS: I heard that Darden offered admission to very few people who applied FROM India (69 admits from India last year). It is probably a sign of things to come this year.
avatar
mkmba09
Intern
Intern
Joined: 16 Dec 2008
Posts: 27
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
Re: Less applications in R2/R3 [#permalink] New post   06 Feb 2009, 13:33
In Chicago Booth's chat yesterday Rose actually said domestic applications went up. It did sound like the international ones were pretty low.
GMAT Club Bot
gmatclubot
Re: Less applications in R2/R3 [#permalink]
06 Feb 2009, 13:33
   1   2 

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions