By Ajay Amar, Ph.D., May 14 2019 07:14PM
In 2015, most U.S. business schools (57%) had happily received more applications – primarily for full-time MBA programs – than the year before, a growth trend that they had enjoyed since 2011. Then came 2016, and the trend reversed. By 2018, 70% of U.S. business schools were reporting application declines, and applications nationwide were down 6.6%.
I wondered: Was the pool of quality applicants drying up? Would the slump in applications slow or reverse the relentless rise of GMAT averages?