Lack of new students leaving business schools reeling
- 48,515 students applied for admittance to full-time MBA programs, nation-wide, during the 2009-2010 academic year
- 38,630 students applied during the 2010-2011 academic year, reversing the previous year’s gains source
» In addition to the drop in new MBA applicants, the Graduate Management Admission Council announced that two-thirds of its U.S. programs saw a decline in applications during the 2010-2011 academic year. The decline, combined with the fact that the number of American students taking the GMAT entrance exam is at five-year low, has some industry experts worried that the notoriously-cyclical industry won’t rebound.