Posted by: Phil Mintz on December 8, 2008
Are business school apps about to hit a wall?
Through October of this year, GMAT test volume, which correlates closely to business school applications, is up more than 10%. That’s expected in a recession, and is buttressed by reports from business schools of increased applications so far this cycle.
However, according to a report today on Inside Higher Ed, applications for the GRE exam, the main admissions test for graduate school, have dropped this year — the first time ever test sessions have dropped in a downturn. One theory, according to Inside Higher Ed, is that the credit crunch is keeping people away from grad school.
Is this an outlier, or will business school apps follow a similar course in months ahead? After all, MBAs are caught in a credit crunch too. We’ll have to wait and see.