Who Needs an MBA Anyways?

October 4, 2011 by Naser

The demand for MBAs has fallen this year. The number of applicants to business schools has fallen by 10% marking a third year in a row that applications have fallen. A third of B Schools surveyed (total of 649 schools) reported a decline of more than 10%. Harvard Business School also wasn’t immune. Applications for its full-time M.B.A. class entering this fall slid 4% to 9,134 from a year earlier, helping to boost the school’s acceptance rate to 12% from 11%. One reason for the decline is the bad job market, as historically people are incentivised to get an MBA during a good job market. Also, some companies that sponsor employees’ education have cut spending. However, MIT did report a 3% increase in applicants for its Masters of Finance degree.

So if you are thinking of applying for an MBA, now might be a good time.

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