According to research published by the Graduate Management Admission Council last month, two-thirds of two-year, full-time MBA programs received fewer applications in 2011. The council surveyed 331 business schools nationwide.High prices eventually have consequences. No word from Barack Obama on this one.
GMAC President and CEO Dave Wilson attributes the drop to economic uncertainty. “The caution in this year’s survey for full-time MBA programs is unsurprising in the current economy as students weigh the financial and time commitments required to pursue a graduate business degree,” Wilson says in a statement.
Booth and Kellogg — ranked No. 1 and 4 among U.S. MBA programs in 2010, according to Bloomberg Businessweek — have plenty of company among top-tier business schools. Poets&Quants, a B-school website, reports that applications this year are down 4.7% at Harvard Business School, 5.7% at University of Pennsylvania’s Wharton School and 8% at Cornell University’s Johnson School of Business.
Monday, October 10, 2011
MBA Applications Drop
Crain's Chicago Business reports:
