Is an MBA app meltdown coming? New evidence of a “buyer’s market”

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2021-2022 is it a good time to apply for a business school? High level advice says yes

2020 may have seen the biggest boom in MBA applications ever. 2021 continued the trend, although there were many signs of a return to normal. We now have a glimpse of the future, showing that applications for MBA programs could be on the verge of declining once again – the main culprits being the Decay variant of the coronavirus and a booming job market.

Which means the current application cycle may be the best time for applicants to apply to B-school.

Leading admissions consulting firm Accepted today (October 28) released the results of a survey of around 250 visitors to its website on the impact of the economy and other developments on the cycle current applications. The bottom line: “The booming job market coupled with the emergence of the Delta variant means ‘opportunity-y’ for MBA applicants and those considering an MBA,” writes Linda Abraham, president and founder of Accepted. .

37% CONCERNED BY THE DELTA VARIANT OF COVID-19

Poets and Quants annually reviews application data for all top 25 B-ranked schools in the United States. the United States and Europe through a combination of strategies employed by schools to offset the chaos of the global health crisis. In 2020-2021, applications to join the MBA class of 2023 were on the rise again – 19 schools saw year-over-year increases despite huge jumps, and seven schools set new records for applications to the last cycle. But they were definitely up from the 2018-19 pre-pandemic season, with all but one school improving their totals over all three cycles.

While seven top 25 schools registered double-digit gains in one year, an incredible 18 registered double-digit gains in two years. Overall, for the top 25 schools in the United States, apps grew 3.2% this year, but are up 17.6% from 2019.

Now, before schools completed their current application cycles, Accepted took the temperature of potential MBA applicants and found that a significant number were changing their plans or considering doing so as a result of global events, which could spell the end of the MBA Applications Boom. While 71% say the strength of the economy will not change their plans, 14% have doubts and 15% say it has led them to postpone their candidacies.

The Delta variant of the coronavirus appears to have an even greater effect: 54% ignore it, but 20% are affected, and 17% suspend or completely cancel their enforcement plans.

MORE SCHOLARSHIP MONEY TO GRAB?

“The importance for applicants is that the MBA admissions market is shifting from a sellers market to a buyer’s market,” Abraham said. P&Q.

“As you know, economic expansion generally leads to a decrease in the volume of MBA applications. And we are experiencing a real post-Covid boom. At the same time, schools are slowly trying to get back to normal, but there are always comebacks online (as Harvard Business School and Northwestern Kellogg have known) and limited global experience opportunities.

“If MBA applicants have a competitive test score and the required experience and qualifications, this cycle is more likely to be accepted and even wooed with scholarship money – much like in lean years (application) from 2017-19 – than last year. This is the right time to apply. “

Abraham adds that there are also other signs of declining applications this cycle, “notably the absence of any school that I know of to speak of a great Round 1”.

DON’T MISS THE MBA CANDIDATURES CLIMBED IN 2020-2021 IN 19 OF THE 25 BEST B-SCHOOLS and COVID-19 FIRMLY TAKES THE B-SCHOOLS MBA APPLICATION INTO THE PAST

The post Does an MBA app crash happen? New Evidence Of A ‘Buyer’s Market’ first appeared on Poets & Quants.


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