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MBA applications dropping
2007-08-04 14:11:08 来源：未知 |
Applications Drop for 3rd Straight Year at M.B.A. Programs, Though Some Business Schools See Upticks By JOHN L. PULLEY
Applications to graduate business schools have declined for the third consecutive year, according to figures released on Tuesday by the Graduate Management Admission CouncilPartime and executive M.B.A. programs received slightly more requests for admission in 2005 than the year before, but applications to full-time programs continued to fall and remained well below the record level set in 2002. The figures are drawn from an annual survey conducted by the council,which administers the GMAT, the admissions test used by graduate business schools.
The number of Graduate Management Admission Tests taken in the United States has declined steadily, as well. In the first six months of 2005, the test was taken 68,519 times nationwide, down from 82,855 during the same period in 2002. The number of tests taken in other countries rose to 32,345, a one-year increase of 4.8 percent.
The numbers tell only part of the story, said David A. Wilson, the council’s president and chief executive. "The sky-is-falling scenario fails to look at underlying constructs," he said.Prospective students are applying to three M.B.A. programs, on average, down from five programs in 2002, said Mr. Wilson, suggesting that better-informed applicants are more realistic about their chances and are "less willing to just apply willy-nilly to programs."
Similarly, the numbers indicate that a higher percentage of applicants are "qualified buyers," meaning they apply to programs best suited to their abilities. That conclusion is consistent with the experience of some admissions officers, who have reported higher yields (the percentage of admitted applicants who place a deposit to secure a place in the class), he said.
Schools have done a much better job of putting information on the Web," Mr.Wilson said. "It’s much easier to let your fingers do the walking and to do your homework sitting at your desk. You’re finding a more-informed buyer."
Declines in applications during the past three years must be viewed in the context of the spike in applications, in 2002, that followed the bursting of the technology-sector bubble. Unemployed dot-com refugees with generous severance packages flocked to M.B.A. programs, seeking to ride out the upheaval, but that surge would have been difficult to sustain under the best of circumstances.
The big question now, Mr. Wilson said, is whether the decline in applications since 2002 is a temporary falloff or a major shift. Evidence of a stronger job market, a rebounding economy, and other positive economic news, Mr. Wilson said, should encourage more people to quit their jobs and enroll in full-time M.B.A. programs.
Looking forward to increased demand, 27 percent of full-time M.B.A. programs and 30 percent of part-time programs reported plans to increase the size of their incoming classes this year.
Despite overall declines, some schools are thriving. Twenty percent of traditional two-year M.B.A. programs reported increases in applications in 2005. Among full-time accelerated one-year programs, 21 percent reported increases, as did 38 percent of executive programs and 46 percent of part-time programs.
The online survey collected data from 129 of 336 graduate business schools that were invited to participate. More than half of the respondents reported data for full-time programs, a quarter for part-time programs, and about one in five for executive programs.
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