{"id":56088,"date":"2022-10-04T02:36:22","date_gmt":"2022-10-04T09:36:22","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/2022\/10\/decline-in-mba-applications-is-a-rare-opportunity-for-b-school-candidates\/"},"modified":"2022-10-04T02:36:22","modified_gmt":"2022-10-04T09:36:22","slug":"decline-in-mba-applications-is-a-rare-opportunity-for-b-school-candidates","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/decline-in-mba-applications-is-a-rare-opportunity-for-b-school-candidates\/","title":{"rendered":"Decline in MBA Applications Is A Rare Opportunity for B-School Candidates"},"content":{"rendered":"

\"Image<\/h2>\n

Four months ago I wrote an article for Forbes predicting a sharp downturn in MBA applications, and why now might be your best chance in a generation to get an elite MBA<\/a> <\/strong>and secure your place at one of the world’s leading business schools.<\/p>\n

Since then, HBS<\/a> has confirmed a 15.4% decline in MBA applications<\/strong> for the Class of 2024, and Wharton<\/a> received more than 1,000 fewer applications<\/strong> as part of a 13.9% slump. Many other top schools have indicated a drop of between 5 and 20%.<\/p>\n

As a consequence, the acceptance rate to the M7 schools has jumped \u2013 close to 1 in 4 applicants to Columbia<\/a> were offered a place. So this really is the best chance in a generation to get an elite MBA.<\/strong><\/p>\n

However, the Forbes article also reflected on a big unknown. Would the moves of the US Federal Reserve and central banks of other countries be a catalyst for a recession? The plunging financial markets seem to think so.<\/p>\n

My co-directors at Fortuna Admissions, Judith Silverman Hodara (former Admissions Director at Wharton) and Caroline Diarte Edwards (former Admissions Director at #INSEAD) shared their perspectives on the typical MBA counter-cycle \u2013 when the economy tanks, people figure it is a great time to go back to school.<\/p>\n

So the upcoming CentreCourt MBA Festival<\/a>, which I am co-hosting on Oct 4, 5 & 6<\/strong> with John A. Byrne and the team at Poets&Quants, is a fantastic opportunity to meet the gatekeepers, career makers, and students\/alumni of the world’s best MBA programs.<\/p>\n

\"logo<\/p>\n

As the NASDAQ, S&P and other stock markets reminded us last week, the best investment you can ever make is in yourself. So register your place<\/a> <\/strong>at CentreCourt MBA Festival to find out if now is the right time for you to head to business school.<\/p>\n

Want More Advice?\u00a0<\/strong><\/h2>\n

Read \u00a0my recent article in Forbes, Why Now Is Your Best Chance In A Generation To Get An Elite MBA<\/a>.<\/p>\n

Let\u2019s Get You In.<\/h2>\n
\n

Fortuna Admissions is a dream team of former MBA Admissions Directors and Officers from 18 of the top 20 business schools. My Fortuna Admissions colleague and I are passionate and skilled at helping candidates achieve admissions success at the MBA programs of their dreams (see what candidates are saying about us in P&Q\u2019s recent feature, Most Favorably Reviewed MBA Admission Consulting Firms<\/a>). We work closely with you throughout the application process and provide expert guidance at every stage to maximize your chances of admission to a top school.<\/p>\n

\n

Our free consultations are consistently rated as the best in the industry. For more advice, and a candid and personal, candid assessment of your chances, sign up for a\u00a0free consultation<\/a><\/strong>.<\/p>\n

\n

Fortuna Admissions<\/a> Co-Founder and Director Matt Symonds<\/a> is Business education industry expert and columnist for Forbes, The Economist, BusinessWeek, the BBC, among other publications.\u00a0For more free advice and a personal, candid assessment of your chances, you can sign up now for a\u00a0free consultation<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n

The post Decline in MBA Applications Is A Rare Opportunity for B-School Candidates<\/a> first appeared on Fortuna<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Four months ago I wrote an article for Forbes predicting a sharp downturn in MBA applications, and why now might be your best chance in a generation to get an…<\/p>\n","protected":false},"author":160,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1831,775,243],"tags":[],"class_list":["post-56088","post","type-post","status-publish","format-standard","hentry","category-mba","category-fortuna-admissions","category-admission-consultants","category-blog","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/56088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=56088"}],"version-history":[{"count":0,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/56088\/revisions"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=56088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=56088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=56088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}