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


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?


September 29, 2009 11:02 AM

A Master’s Degree: The Quintessential Career Booster

Opting to delay your entry into the workforce and enhancing your skills by pursuing a master’s is a sure-fire investment into your future

Landing your dream job after graduation sounds like a Hollywood fantasy movie plot. If it sounds too good to be true, it usually is. Waiting years before achieving a career milestone or taking a detour from your desired career track is the norm.
Take it from us at Hult, boosting your education to the master’s level makes you far more irresistible to potential employers. Not only does it demonstrate your intelligence, but it proves you have a strong understanding of your chosen field.

The crunch effect
The recession appears to have created a buzz about further postgraduate study. Indeed there has been a sharp increase in the number of applications for master’s degrees - people are trying to make the best of the economic crisis, and enhancing their employability for when the economy rebounds.

And the good news is, the job outlook for graduating master’s students is looking very positive., the number one entry-level job site in the US, reported that employment opportunities for those with a master’s degree were expected to soar by 22 per cent over a year. In addition 59 per cent of companies participating in one of its surveys were preparing to hire more master’s graduates in 2008 than 2007. Heidi Hanisko from said: “Those with master’s degrees offer a level of education that can be the equivalent to as much as two or three years of experience in the field. Employers find that master’s candidates have a greater level of technical and field expertise that can bolster a company’s competitive stance in the industry.”

If you are thinking of taking advantage of the fantastic employment prospects for people with a master’s, Hult offers an excellent portfolio of Master’s programs, including the highly acclaimed Master of International Business, Master of International Relations and Master of Finance. Not only do they provide a thorough grounding in theoretical concepts, we are also pivotal in giving you real-world experience. A large segment of our faculty are active directors of corporations, consultants or managers, bringing their prized experiences and insights into the classroom. The strengths of the Hult programs have also been reflected in the global rankings, placing us at #31 in the World according to the Economist Intelligence Unit and #6 for International Mobility by the Financial Times.

Journey to the top
There is little point in beating around the bush - business today can be cutthroat and ruthless. We, at Hult, are only too aware of some of the challenges that face recent graduates. We have been educating business leaders since 1964 as the Arthur D. Little School of Management, and we evolve our courses to fit with global demands and circumstances.
Our Master of International Relations is a perfect example of this. The field of International Relations continues to develop rapidly in response to dramatic global changes. Students of this program will develop the skills to analyze these issues, and learn how to shape institutional responses to global change.

Furthermore, unlike many master’s courses, our Master of International Business has been carefully crafted to meet the requirements of recent graduates, without the need for extensive work experience. Following our top-ranked MBA curriculum, graduating from this course will open numerous doors at a variety of multinational companies.

Your career progression
Many students embark on a master’s in the hope they will take on a lucrative position following graduation – they are not wrong. According to QS, a leading network for people in higher education, evidence that students with master degrees earn more than those with undergraduate degrees is rife. The QS International Recruiter Survey 2007, an annual survey involving 498 international employers in North America and Asia, illustrates that the salary difference between an employee with an undergraduate degree and a postgraduate qualification can be as much as 71 per cent.

A school in the know
So why choose Hult International Business School to take your master’s? Despite being an American school, we have campuses in four business hubs - Boston, London, Dubai and Shanghai – giving you the chance to transfer between locations. This has lent to our student body being truly international. Students flock to Hult from North America, Asia, Europe, Latin America, Africa and the Middle East – from more than 60 nations to be precise. It really is the quintessential platform to profit from and learn cultural sensitivity, something which is becoming increasingly important in today’s business market.
We also pride ourselves on our global faculty with outstanding academic credentials combined with real-life experience, as well as our expert career services team. Not only that but a Hult degree opens graduate career opportunities in a wide range of companies, who in the past have included JP Morgan, McKinsey & Co, Johnson & Johnson, Master Card, PWC and Procter & Gamble.

We are determined to give you the precise and comprehensive foundation so desired in your career choice. Whichever course you opt for, you can be certain of one thing – completing a master’s degree at Hult International Business School will boost your career prospects and, without question, differentiate you from thousands of others in the race for a successful career.

Post a comment



Read daily reports from BusinessWeek editors and reporters Louis Lavelle, Geoff Gloeckler, Alison Damast and Francesca Di Meglio and boost your chances of getting into your best-fit B-school.

BW Mall - Sponsored Links

Buy a link now!