Elite US Business Schools Face Shrinking Applicant Base

The Graduate Management Admission Council released findings which show that the number of applicants to US business schools declined by 7% in 2018. Most of that drop comes from international applications which showed a 10.5% shrinkage. Domestic applications also dropped, but by only 1.8%.

Making up the slack are Canadian and European business programs, which showed strong growth from international students.

Among the schools facing a smaller number of applicants are such top MBA programs as Wharton and Harvard, a reflection that young professionals are hesitant to leave their jobs to go back to school.

The steep downturn in international applications is most likely due to the more stringent visa requirements for foreign students to enter the US on student, or any other kind, of visa. In contrast business schools in Europe, Canada and Asia Pacific all had sizable growth in their number of MBA applicants.

“Demand for graduate management education is stable year over year,” said Sangeet Chowfla, GMAC president and CEO. “However, there are significant regional variations. Non-U.S. programs continue to thrive, highlighting the continued emergence of enhanced educational and professional opportunities outside the United States.”

The trend is not only caused by “a disruptive American political environment,” but also by the growth of excellent MBA programs outside the borders of the USA. Non-US citizens are more often looking into educational and professional opportunities outside the USA.

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com