Surge in MBA Applications: Economic Uncertainty or Evolving Business Landscape?
- A new report reveals an 11% increase in MBA applications between 2023 and 2024, following two years of decline.
- Full-time MBAs saw the largest growth, with 80% of two-year programs worldwide experiencing application increases.
- Historically, MBA application trends have been counter-cyclical to the U.S. economy, indicating a possible economic downturn.
- The rise in applications is attributed to economic uncertainty and a more competitive job market, leading individuals to seek further education.
- Despite the increase in applications, top business schools like Harvard have not necessarily increased their class sizes.
Source: Fortune
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People are doing MBA... just so that they can be eligible to do basic data science
Ah, great. More useless Product Managers in the pipeline.
Colleges are the best place to be in during a recession/downturn. Also, MBA (from good colleges) will never go out of vogue.
"Historically, MBA application trends have been counter-cyclical to the U.S. economy, indicating a possible economic downturn."
Can't make this shit up 😂
Upvoted because of aib reference
Historically Increase in MBA applications are inversely proportional to job availability
I don't think the jobs are ever going to come back to 2021-22 level ever as it was during historically low interest rates (COVID). However, whether the job market will get better depends on lot of factors like interest rates, AI , earnings
Correlation doesn’t imply causation?