theK wrote:
I just did a quick comparison - In average, there were about twice as many pages in the "Calling All Applicants..." threads this time last year.
Re: #2, I think you're reading too much into it. In my opinion, an MBA is still valuable. However, given the current market condition, a segment of the potential MBA applicants who can afford to delay their application have decided to cling on to their current jobs.
#3 is another plausible explanation.
Traditionally what I hear from people is that the MBA application(or any academic puruit) pool is at its highest when there is an economic recession. First we saw this in 2000 (dot com bust) then again in 2009 (Super craze for MBA,housing mortgage crisis), but now in 2012 (recession is underway) we see a drop. Sign of an alternate trend? I don't know. So, for #2, I am not really sure people are really holding onto their cards on the MBA. Another factor I would weigh when I apply to an MBA is the age of the applicant. People would have realized by now schools tend to prefer younger candidates than older ones, but then again when you are young you don't seem intutively realise that.
Now that the banks are being scorned at (Wall street protest) I guess people are seeing that it might not be a wise investment to do an "expensive" MBA quitting their full time jobs. I mention banks here because banks are traditionally a primary reason of your skewed thinking on your ROIs of an MBA. If you are not vying for finance you are probably going to have a very strong reason to do it. e.g. Childhood dream, or Consulting (up or out policy).
A friend of mine in LBS MBA concured with my above observation that hardly any recruiters are coming on campus to grab the "golden geese" for finance positions. But then again I know folks getting internships in IBs without any problems from Top US universities such as Duke, Tuck etc. Will they lead you to a full time job? Economics will dictate that.
I anticipate new professions for MBAs in Strategy, Green Energy, Internal consulting practices within companies in Industries etc. Finance will soon be a No-No for future MBAs.