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Less applications in R2/R3

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Re: Less applications in R2/R3 [#permalink]

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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.

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Re: Less applications in R2/R3 [#permalink]

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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.
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Re: Less applications in R2/R3 [#permalink]

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New post 25 Jan 2009, 02:41
Not surprised at all...
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Re: Less applications in R2/R3 [#permalink]

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New post 25 Jan 2009, 13:22
Zoinnk has already mentioned this, nevertheless FYI...

http://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…

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Re: Less applications in R2/R3 [#permalink]

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New post 27 Jan 2009, 21:21
One more data point to add to this discussion, check out this blog post from Tuck:

http://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.

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Re: Less applications in R2/R3 [#permalink]

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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."

http://forums.businessweek.com/n/pfx/fo ... &tid=78160
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Re: Less applications in R2/R3 [#permalink]

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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.

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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
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Re: Less applications in R2/R3 [#permalink]

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New post 29 Jan 2009, 14:58
Here's a link to the Michigan Admissions article that people are referring to:
[url]
http://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!

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Re: Less applications in R2/R3 [#permalink]

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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?

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Re: Less applications in R2/R3 [#permalink]

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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.
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Re: Less applications in R2/R3 [#permalink]

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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.

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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.

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Re: Less applications in R2/R3   [#permalink] 06 Feb 2009, 13:33

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