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February 16, 2006

Business schools consider wide range of students

From the Daily Tar Heel, UNC-Chapel Hill:

A multiyear, nationwide decline in application numbers to full-time MBA programs has prompted several business schools to consider offering more flexible options to attract prospective students.

The Kenan-Flagler Business School is no exception. Officials saw 25 percent fewer applicants to the Master's of Business Administration program in 2004 than in the previous year and a 12 percent drop in 2005, said Sherry Wallace, director of MBA admissions at the school.

"Part of what's happening is that there are so many alternatives to doing a full-time day program where you give up your job," she said.

But she said the decline is mostly the result of economic and demographic issues.

The segment of the population that is of "MBA-age" is not as large as in previous years, Wallace said.

In addition, the economic uncertainty of the past four years has thrown off the previously accepted theory that a bad economy causes more people to go to school, she said.

"Now people are almost kind of like 'let's wait and see.'"

Read the rest here.

It's an important question.

Posted by Becky at February 16, 2006 4:50 AM Posted to Business School News