In an article titled, “MBA Apps Take a Shocking Plunge”
published at Poets & Quants, John A.
Byrne discusses how the number of MBA applications in the United States has
dropped substantially. The amount of the
drop depends on the particular school; however, even top schools are
experiencing a substantial decrease. The
article states:
At Rice University’s Jones Graduate School, for example,
candidates to the school’s full-time programs plummeted by 27.7% to just 587
applications from 813 a year earlier. At
the McCombs School of Business at the University of Texas-Austin, applications
fell 19.6%. At the Kenan-Flagler Business School at the University of North
Carolina-Chapel Hill, applicants declined by 18.3%. Applications dipped 16.2%
at Georgetown University McDonough School of Business, while they fell 13.2% at
Indiana University’s Kelley School of Business.
The article provides several reasons for the decline in
applications: difficulty for international students to obtain visas; some international
students choosing MBA schools outside the U.S., such as in Canada; a booming
economy; and high cost. While I do not
think it is a cause of the decline in applications, I do wonder if the business
schools who have suffered a decline have adapted their curriculum to include
intellectual property law related subjects.
I have not reviewed their course offerings, but I wonder if a school
that did emphasize intellectual property would have a competitive edge. Others have made this point, but I am not
sure if there has been much change. This
may be a good time for innovation for some schools.
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