Posted by: Lindsey Gerdes on September 23, 2009
According to the Graduate Management Admissions Council (GMAC), applications at 66% of full-time MBA programs have risen over last yer. GMAC president and CEO Dave Wilson views this as proof that a business degree is still relevant, perhaps now more than ever. “Our research underscores that earning a graduate business degree gives people an edge in the job market that endures despite the economic cycle.”
Or perhaps these would-be students just can’t find a job?..
Whatever the case, applications for one-year fulltime programs experienced the biggest jump over 2008. (After all, two years away from the job market--while paying hefty tuition-can be financially crippling, especially when the economy's still so uncertain).
Applications for executive MBA programs, on the other hand, usually sponsored by the student's employer, dipped noticeably. Graduate school tuition reimbursement is often one of the first things to go during a recession.