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Worried about MBA numbers?
Many business schools have experienced a downturn in MBA applications in recent years. In 2011 GMAC reported that more than two-thirds (67%) of two-year full-time MBA programs showed a decline in application volume in 2011 compared with 2010, continuing a trend that began in 2009. In the same study, more than half (57%) of one-year full-time MBA programs received fewer applications than last year. In India, 1000 fewer candidates completed the CAT admissions test for prospective MBA students in the last year.
All sorts of reasons have been suggested - economic conditions, the cost of study, the reputation of the MBA, a growth in programs offered, a dilution of the MBA brand or the growing popularity of specialist Masters programs.
However, hope maybe at hand. Visiting Shanghai recently I spotted the following shop in a small mall. On the advertising hoarding next door, a poster proudly proclaimed ‘Lifelong learning begins at kindergarten’. While average ages for MBA candidates have declined in recent years, this may be taking things a little too far!
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