It's Official - Applications are Down in Top 10
It looks like even the Top 10 took a hit last year (likely expecting a continuation of that this year)
In the application year ended this spring, U.S. business schools received 140,860 applications for programs including the traditional two-year M.B.A., down 7% from the previous year, GMAC data shows.
Harvard Business School received 9,886 applications for this fall’s entering class,
down 4.5% from last year—the biggest drop since 2005. Applications to
Wharton fell 6.7% to 6,245. At
Stanford’s Graduate School of Business, they slid 4.6% to 7,797. Such top schools are still receiving many more applications than they can accept, but the declines mark a reversal after years of growth.
“People are thinking, ‘Oh my gosh, if the top is struggling to find applicants, what are the rest of us going to do?’” said George Andrews, director of admissions at
Rice University’s Jones Graduate School of Business, which saw a
27% drop in full-time M.B.A. applications to 587 this year.
M.B.A. Applications Keep Falling in U.S., This Year Hitting Even Elite Schools
American business schools struggle to lure professionals out of strong job market, face competition from top programs in Europe, Asia, Canada
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