Posted on 08/23/2019 9:35:58 AM PDT by SeekAndFind
Graduating M.B.A. students this year have had no trouble landing very good jobs. In most cases, starting pay has hit record levels and placement rates for schools are at or near records as well.
Yet, for the second consecutive year, even the highest ranked business schools in the U.S. are beginning to report significant declines in M.B.A. applications and the worse is yet to come, with many M.B.A. programs experiencing double-digit declines. Last year, the top ten business schools combined saw a drop of about 3,400 M.B.A. applicants, a 5.9% falloff to 53,907 candidates versus 57,311 a year earlier (see Acceptance Rates At Top 50 Business Schools). The University of Michigan Ross School of Business experienced the worst drop, an 8.5% decline from 3,485 to 3,188 apps. Harvard fell 4.5%, UC-Berkeley Haas 7.5%, Wharton 6.7%, Stanford 4.6%, and Booth 8.2%.
"For the second consecutive year, the top ten schools all saw significant declines in applications," says William Boulding, dean of Duke University's Fuqua School of Business. "I have been hearing that some schools in the top ten are in double-digit territory so I think it is going to be worse than last year when all is said and done."
While there are a precious few exceptions, the early reports on 2018-2019 applications are bleak (see Apps To Major MBA Programs Plunge Again). At Duke Fuqua, full-time applications have fallen by 14.6%; at Yale's School of Management, they are down by 15.6%, while applications for Dartmouth College's Tuck School of Business have plunged 22.5%. Amid the overall downturn, Chicago Booth has bucked the trend, with applications rising by 3.4%—not enough to offset the previous year's 8.2% drop.
Some other highly prominent business schools are reporting lesser declines but the trend of young professionals showing less interest in an MBA is certain.
(Excerpt) Read more at forbes.com ...
This is almost funny. Leftist kids hate business, capitalism, and most of all Trump. What are they studying instead? Social work? Climate change?
MBA degrees from mostly socialist universities? What kind of logic is that?
Socialists don’t believe in the free-market system, so, why do they engage in producing MBA graduates? Could it be that, students don’t see the value in getting their training from those socialist institutions?
Get a masters in engineering instead
Never ever goes out of style. Mech chem civ nuke etc
MSME. 98.
You’ll actually LEARN something in engineering. Really.
I’m sure that the ridiculously high cost of an MBA has absolutely nothing to do with this development...
I recall back in the mid ‘90s (as a young Gen Xer just starting out into the job market, not a fun task back then) reading about how recent MBA graduates were having such a tough time finding employment of any kinds, some universities were working in conjunction with companies to take MBA students on in minimum wage jobs just so they could get some work experience in the business environment. Basically put me off on doing something like that and I instead focused on more practical things like accounting and computers.
The smart ones know better than to get a student loan for a degree that may not pay off.
Heck, a friend of mine, on two years of a C average in community college, went on to become the CIO of a fortune 500 company.
A smart person can do just fine, especially now, in the age of the internet, without an MBA.
Get rid of the “studies” programs.
That requires real brains to comprehend higher level Calculus.
May as well tell little miss BA in Gender Studies to get an M.D. or L.D.
A semester’s worth of very valuable information crammed into two years.
One of the first things a businessman learns to do, is how to evaluate a proposed course of action, to see if the anticipated return is better than the expense. If the answer is not, to a high probability, "yes", then don't do it.
It's not whether the MBA will land a job. It's whether the improvement in salary is worth the cost of the tuition.
Here's something I'll be losing sleep over.
The way it was supposed to be, is you get a bachelors degree, go out into the world and get some work experience, and THEN see what additional education you will need.
Have the MBA online. You will get more students. I’m doing my MBA at Southern New Hampshire. My job pays for it so why not? It’s going to be my source of income for my retirement. Adjunct professor and will teach two classes a semester.
Well, at least thanks to supply and demand, the cost of getting an MBA should start dropping commensurately. Right?
I agree...which to me makes it interesting how the whole Brexit thing will play out. I think Trump smells blood and really wants to shaft the EU socialists. If Johnson goes along with him it could be fun to watch the arrogant Eurotwits get stuffed!
My company has been trying for months to find an EE to fill a position next to mine and no can do!
fake story about no issue. Their 2020 class has 420 students. I doubt they will have any trouble filling the 2021 class. Even if half of the applicants are applying as a back up school they should be able to fill out of the remaining 1500.
I earned my MBA (85-87) at an accredited Business School (in Ohio) when only 25% of grad schools were accredited.
I was fortunate to receive national honors (top 1%)...and it meant much more then compared to the “socialist business schools” that are so prevalent now.
That's exactly how the MBA was supposed to be. Your under grad was a foundation, then work for a few years to get your feet wet and realize what you don't actually know, and go through the MBA to help pull everything together.
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