Note We at Manhattan GMAT are very excited to welcome mbaMission Founder/President Jeremy Shinewald to our blog to offer his analysis on some recent MBA application news. Here’s what he has to say.
Last week, Bloomberg Businessweek published two articles on declining MBA application volumes, going so far as to call the current application environment a “drought.” In its first article (“Columbia, NYU MBA Applications Plummet”), Bloomberg Businessweek noted that Columbia Business School (CBS) and New York University’s Stern School of Business (NYU Stern) saw declines in the number of applications last year of 19% and 12%, respectively, from the previous year. Meanwhile, the number of applicants to Harvard Business School (HBS) declined by 2% and to Wharton by less than 1%. In a separate article (“At Top Business Schools, an MBA Application Drought”), Bloomberg Businessweek revealed that the University of Chicago’s Booth School of Business and the Yale School of Management (SOM) saw drops of 3.5% and 9.5%, respectively. So, is this truly a drought or is this just a blip—and what does it all mean for you?
Let’s start by taking a look at some incomplete numbers (some schools do not release data on application volumes) for a few schools mentioned in the articles: