In the aftermath of the economic crisis business schools are hit hard by lesser applications. With applications to MBA programs diminishing, it is seemingly easier nowadays to get into some top B-schools, writes Businessweek.
A third of the top 30 U.S. business schools are reported to being a bit less elite than in the years before. They have granted more applicants admission to their highly sought after programmes in 2010 than they did in 2008 when the recession had caused an initial application boom.
Some examples for being less selective are the University of Michigan's Ross School of Business, UCLA's Anderson School of Management, Indiana University's Kelley School of Business, and the University of Maryland's Smith School of Business.
One of the reasons for this change is clearly a decline in applications. While applications were strong during the recession, they have now gone right back in its aftermath. Of the 476 MBA programs recently surveyed by the Graduate Management Admissions Council (GMAC), 47 percent reported a decline in applications. However, applicants also seem to have become smarter. They seem to review programmes better and apply for those that are a good fit with their career path. This also suits business schools that try more and more to adjust to the needs of the job market. Some schools don't even accept candidates seeking in careers for which the schools have no contacts for job placement, even if their applications are otherwise strong.
Source: http://www.businessweek.com/bschools/content/oct2010/bs20101014_393850.htm
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The Stephen M. Ross School of Business at the University of Michigan
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UCLA Anderson School of Management
Full-Time MBA, Executive MBA -
Robert H. Smith School of Business, University of Maryland
Full-Time MBA
