How much did the # of applications for B-schools fall this year?

Just wondering what the application trend is for the past year. Seems like ever since the record levels we've seen in 08-09 apps have been falling about 10% each year. The usual MBA forums seem to be a lot less active than before.

My guess is that many people probably decided not to take a risk by leaving their current jobs, or perhaps didnt want to get into an additional 150K+ of school debt in an unpredictable environment.

For those that are set on B-school it may not be a bad time to apply as admissions rates are probably going to be up this year.

What are everyone's thoughts?

 

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