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Effect of Recession on B-School Apps

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by Schrute Beets » Tue May 20, 2008 7:04 am
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.
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by VP_MBA_Guru » Tue May 20, 2008 7:21 am
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
Nikhil P. | Admissions Consultant | Veritas Prep
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by wawatan » Thu May 22, 2008 1:10 am
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?
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by Neo2000 » Thu May 22, 2008 2:58 am
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
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by VP_MBA_Guru » Thu May 22, 2008 5:39 am
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
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by Bestmiler » Wed May 28, 2008 4:34 pm
Hey, I just read an article about this on businessweek the other day. Heres the link: https://www.businessweek.com/bschools/co ... han=search
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