A one-fifth decrease has occurred in MBA full-time programs all over the nation during the 2017 to 2018 school year. From a 48,515 applicant number, the decrease has left only 28, 630 enrolling for the said year. This is according to the Association to Advance Collegiate Schools of Business. When it was time for the 2018 to 2019 application, two-thirds of US MBAs have been affected. What are the causes of the decline?
The recession has affected the number of prospective students. There are students who do not want to take a break from work or to fully resign because they are not sure that they will be able to get a job easily when they need to find one.
In relation to the recession, students want to keep working and earning a good salary. Those who have great jobs understandably do not want to give them up for a full-time MBA.
Students no longer want to commit their lives fully to a two-year MBA program. They want to be more flexible with their future choices. A part-time program lets them pursue other things, such as a career.
Maybe the decline in the full-time MBA applications may seem like a problem now but later it could just well be a sign of the growing changes of people’s mindsets and priorities.