Mar 17: Business schools adapt to declining applications (StarTribune)
March 17, 2012
The business school might need a new business model.
At the peak of the Great Recession, applications to master of business administration programs hit record highs. Then demand plummeted.
Applications to full-time MBA programs nationwide dropped by one-fifth, from 48,515 to 38,630, in the 2010-11 academic year, according to the Association to Advance Collegiate Schools of Business, an accreditor. Newer figures from the Graduate Management Admission Council show two-thirds of U.S.