Applications for two-year, full-time MBA programs that start this fall declined for the fourth year in a row, according to the Graduate Management Admission Council of 744 MBA programs. Meanwhile European based 1-year, and part-time and EMBA programs continue to get more popular.
The median number of applications world-wide fell 22% in 2012 for the two-year degrees, after a nearly 10% decline last year because of prolonged economic uncertainty. The GMAC survey included 744 M.B.A. and other business programs at 359 schools world-wide.
Columbia Business School posted a 19% drop in applications to its flagship two-year master of business administration program this year, after four years of rapid growth.
But University of California, Los Angeles's Anderson School of Management reported a 22% jump in applications.
Overall, 62% of U.S. schools reported declines in applications to two-year MBA programs.
Some 79% of two-year degree programs in the Asian-Pacific region and 80% of those in Central Asia experienced application gains.
Part-time, online and executive MBA programs are growing more flexible Applications to the evening and weekend part-time M.B.A. program at University of California, Berkeley's Haas School of Business rose 11% this year.
37% of 1-year Euro MBA programs reported an increase this year, compared with just 22% notching gains in 2011.
For more on this story, see the WSJ story.
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