I understand everyone wants to attend HBS and everyone has put tremendous effort into their round 1 applications, but it's nice out today at least where I am and I think many people here are over-analyzing the admissions process, which changes every year and is kept secret.
It's possible things this year are just way more competitive.
1) Application numbers have steadily risen since the 08' housing market crash.
2) There's a lot more publications and data now that suggests the ROI for an MBA is only worth it if you attend a high ranked school. This is obvious if you look at the accept rates for schools as you go higher up in rankings, just look at the stats for Stanford in the past couple years.
3) It's possibly the best time in U.S history to apply to law school, and the worst time to graduate. As law schools are at an all time low for applicants (because of a poor job market), many extremely qualified and smart college graduates who would have otherwise gone to law school are instead opting for an MBA. I would not be surprised to see HBS' accept rate, much like Stanford's, to drop from 11% to 5-8%. Bottom line is this the dearth of interview invites may be indicative of a much more highly competitive application pool, and not some change to invite frequency.
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