Elite MBA Programs Report Steep Drop in Applications
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Re: Elite MBA Programs Report Steep Drop in Applications
#2They're blaming immigration and not the economy this time?
Re: Elite MBA Programs Report Steep Drop in Applications
#3They're blaming immigration and not the economy this time?
I’d hope it’s because industry has finally seen the harm MBAs do, but I’m not holding my breath
Re: Elite MBA Programs Report Steep Drop in Applications
#4They're blaming immigration and not the economy this time?
In the article, "they" are doing both.
Historically, when the economy is good US students have tended to defer business school because of the opportunity cost. For the business school, this was not an issue because they had international applicants clamoring for those spots.
So you need both -- a switch for domestic applicants (hot job market, tech jobs that don't require an MBA etc), and a dialing down of international applicants (harder to get visas, harder to stay etc).
Re: Elite MBA Programs Report Steep Drop in Applications
#5They're blaming immigration and not the economy this time?
My graduate program (computer-y, not MBA) has seen a huge drop in international applications. That was the large majority of our graduate program, and after 2016 those applications have dropped about 75%.
Re: Elite MBA Programs Report Steep Drop in Applications
#6Good. The rise of the MBA has seen the downfall of quality.
"Business Administration" is not something that can be taught in such a generic way that an MBA qualifies you to actually run a business.
In particular, the rise of Financial "Engineering" has led to huge inequality and the total disconnection of "Wall St" from "Main St" such that their relationship has been completely inverted.
Re: Elite MBA Programs Report Steep Drop in Applications
#7I wonder if this means it’s any easier to get in. I guess that would defeat the whole “networking” part of it.
Re: Elite MBA Programs Report Steep Drop in Applications
#8This is good news for the planet's health.
Hopefully state legislatures, university administrators, and bankers will get the signal-- the tuition versus value equation is makes less and less sense. Especially with many free & low cost self-taught education options online, and the debt burden facing millennials.
Re: Elite MBA Programs Report Steep Drop in Applications
#9They're blaming immigration and not the economy this time?
I’d hope it’s because industry has finally seen the harm MBAs do, but I’m not holding my breath
You and me both. Anecdotally a lot of seasoned tech folks I talk to say that their experience trumps masters degrees. Only if somebody wants to get into management then they may be see an upside to getting one. Personally during interviews I don’t even look at the school anymore. I’ve seen too many folks with masters degrees that couldn’t properly articulate technical terms or even talk like they have a masters degree.
Re: Elite MBA Programs Report Steep Drop in Applications
#10Applications are still growing, the highest was Canada with 9.4% growth between 2018 and 2019:
> Applications to U.S. business schools, including M.B.A. programs, fell sharply, while rising in Canada, Europe and China.
just not in the US:
> “There’s perception, which we absolutely pick up in our data, that the U.S. is not a welcoming environment,” said Sangeet Chowfla, GMAC’s chief executive.