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Is anyone else concerned that a possible recession in the United States is going to lead to a dramatic increase in the volume of applications to American business schools next year? I have heard that in previous recessions applications to most graduate school programs have increased significantly and made the admissions process far more competitive than in previous years.

Hi Sc -
Unfortunately your assessment is correct. Usually when the economy goes sour, applications go up significantly. For example, the year after 9/11 was one of the most competitive years for MBA admissions, due to tough economic and employment conditions.

Sorry to say, but this past year [07-08] was also very competitive and my guess is this year will be even more so.

Regards,

NP

that's a good question. you would think that since the finance industry is doing poorly, then there would be a decrease to mba applications, but i guess im wrong. can you explain why there would be increased competition?

Because the industry is doing poorly, lay-offs is a major concern. Most ppl would therefore prefer to ride out a rough period doing something that would potentially get them further ahead at the end of it all ergo The MBA

That said... PLEASE don't be discouraged by the 'noise' of how competitive this year will be! I strongly encourage you to apply whenever you feel best ready/prepared to get your MBA.

Good luck!

NP

Hey, I just read an article about this on businessweek the other day. Heres the link: https://www.businessweek.com/bschools/co ... han=search