MBA Applications Again On The Rise

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.

Reader Comments

Thibs

September 24, 2009 5:26 AM

I personally doubt that people following such pragmatic approaches (ie: applying just to find a job, going to one-year programs instead of 2 simply for financial reasons, etc) make strong applicants overall.

Because in my opinion, they simply don't have enough of a drive to get high-quality education and achieve something afterwards, they just want a graduate degree to get higher pay and safer positions. Otherwise, why wait for unemployment to apply?

Ultimately, an MBA shouldn't be an additional line on a resume, but a truly meaningful experience that really can change one's life. Many people don't see an MBA for what it can truly be worth.

Why not make the best of these 3 letters?

Helen

September 29, 2009 11:02 AM

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