advisinthetown wrote:
khanna93 wrote:
Hi Guys,
There has been a lot of hype about Fall 2021 being the most competitive season for MBA applications because of the upcoming recession and deferrals from previous year. Any opinions on this?
Personally I believe that it would be not that different from the last year. We cannot compare this situation with the financial crisis. People are unable to move right now. Admission consultants hype because it helps with "marketing", duh!!
Posted from my mobile deviceI agree. Fear is good for business. Spike in interest in MBA programs doesn't necessarily translate into more applications.
If you'll look at most MBA programs, they were struggling to fill the class to maximum strength before 2020.
Due to COVID, many people are interested in getting an MBA but will they all be able to do the research, take the GMAT and apply within 4-5 months? I doubt so. Also, the numbers coming out aren't as bad as many economists had speculated. Economy is not in a good shape but it certainly isn't as bad as people thought it would be.
Another thing is that international applications could go down due to rolling lockdowns and travel restrictions. Nobody is interested in paying full tuition for a semi-virtual program.
Also, none of these consultants have given me a concrete yes about whether this year will be super competitive. The answer I have been getting is "it might be but no one can say for sure".