Studies and reports have been popping up everywhere, and the conclusion from them all is that MBA applications are DOWN. A new report from Bloomberg Businessweek found that at seven of the top 10 business schools in the country, applications have fallen from this time last year. Of course, this data is only from Round 1 applications, but it seems that the trend will continue. According to the article, Stanford saw the largest drop of the top 10 schools with 586 fewer applications this year – that is an 8% drop from 2010. Chicago Booth, HBS and Kellogg all saw a decline as well. Still, other top schools – Tuck, Michigan Ross and UCLA Anderson – have seen notable increases in application volume. What does this mean for business school applicants? For one, gaining acceptance just might be easier – with less competition, selectivity decreases. So now could be just the right time to apply.
Read the full article: MBA News: With Business School Applications Down, it is a Great Time to Apply