Article on would-be MBAs facing more competition.
There was sharper competition to get into business schools this year, with MBA programs reporting increased applications to both full- and part-time programs, according to a study to be released today.
About two-thirds of full-time MBA programs saw their applications increase in 2006, compared to just 21 percent in 2005, according to the Graduate Management Admission Council. About two-thirds of part-time and executive MBAs -- programs designed for older students with more work experience -- also saw increases.
There will be more and more joke MBAs from likes of Pheonix, Strayer, etc.
It's about time more people apply to good schools. Look at Darden and Fuqua's acceptance rate in 2005. It makes top MBA look like a joke.
competition will obviously increase with time...but the main thing is that now people who are looking for career transformations from a low profile job and thought that an MBA would do a trick wont have much of an option as the good B schools will be filled with candidates already working in the top industries.
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