Click here for the post of Dealbook of The New York Times, September 24, 2009
Last October, fresh from the collapse of Lehman Brothers, there were signs that the financial crisis was driving a bull market in business school applications.
A year later, the picture is a bit different. While aspiring bankers and would-be chief executives continue to apply to M.B.A. programs in large numbers, there are signs that the rush to the quad may be easing.
On Thursday, the Graduate Management Admission Council, a business school trade group, reported that applications for business schools seem to have leveled off after a record-setting 2008. Schools participating in the council’s survey reported that 2009 applications for traditional two-year, full-time M.B.A. programs were essentially flat from a year ago.
Most of these programs — 64 percent of them — reported an increase in 2009 applications from the previous year. But that was well below the 80 percent that reported a year-over-year increase in 2008. Interestingly, applications for “accelerated” one-year M.B.A. programs were up sharply this year, with a 21 percent rise in applications, the council said. (The survey was taken in late May and early July, when many schools had not yet reached their application deadlines.)…
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