Monday, March 26, 2012

MBA Applications Defy U.S. Trends

Bucking a nationwide trend of declining interest in MBA applications to Georgetown’s MBA program have increased in recent years.

A 2011 survey released by the Graduate Management Admission Council reported that more than two-thirds of participating full-time MBA programs saw application numbers drop from 2009 to 2010 and 2010 to 2011.

According to Assistant Dean and Director of the McDonough School of Business Admissions Kelly Wilson, Georgetown’s application numbers have risen from last year at this point in the admissions cycle, while most comparable business schools have seen no change or a dip in application numbers. Georgetown’s full-time MBA program received 1,438 applications for the class that began studying in fall 2011.

Wilson credited the university’s adaptations in a changing MBA recruitment landscape for the rise in applications. The MBA program offers virtual visits, web seminars, and a customized web portal for prospective students.

The study also reported that the volume of applications for executive programs, intended for people with eight years of managerial experience, has held steady on average. Among participating schools, 42 percent reported a rise in applications, while another 42 percent reported a decline.

Bloomberg Businessweek identified 30 schools as in its top tier. The magazine currently ranks Georgetown’s full-time MBA program as the 33rd-best program in the country, placing it in what it deems the second tier of schools. 

Source: The Hoya

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