Fewer people are applying to US business schools, survey finds
OCTOBER 5, 2018
“Going to business school is a decision with long-term consequences. It can reward you with a strong network, but it can also come with debt.”
When it comes to weighing the prestige of an elite U.S. business school with its hefty price tag, fewer people are willing to make the costly leap. For the fourth year in a row, Master of Business Administration degree applications for Americans schools are down, according to a survey of 363 schools by the Graduate Management Admission Council.
But this downward trend is not happening everywhere. Asian business schools reported a 67% uptick in applications while American business schools reported a 59% decline. American business schools got 140,860 application this year, a 7% decrease from 2017. Even several elite institutions were feeling the crunch. Applications from Harvard University, Stanford University, and University of Pennsylvania were lower this year than in the previous year, the data shows.