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Applications for business school on break

September 20th, 2011 davidguide

Diane Alter – AHN News Reporter

Reston, VA, United States (AHN) – School’s out for many MBA schools.

According to new data from the Graduate Management Admission Council, applications for two-year, full-time MBA programs that start this fall have fallen an average 9.9 percent from 2010. It is the third year in a row that the number of applications has declined.

According to the survey, which included 649 MBA and other business programs at 331 schools across the globe, one-third of full-time MBA programs reported drops greater than 10 percent.

Interest in graduate schools typically increases when jobs are scarce. But with the U.S. unemployment rate over 9 percent for a prolonged period, and prospects still bleak even for MBA grads, many prospective applicants are staying away, even though companies such as Goldman Sachs Group, Credit Suisse Group and Morgan Stanley say that have not changed the amount they contribute to tuition.

One bright note might be that although MBA applications have fallen worldwide, most schools report the quality of applicants has risen.

Article © AHN – All Rights Reserved

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Posted in Finding Students Loans Tags: credit suisse group, goldman sachs, goldman sachs group, graduate management admission, graduate management admission council, mba applications, mba grads

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