The Boom In B-School Applications

If you’re thinking that now might be a good time to get off Wall Street and lay low by applying to business school, you aren’t alone. Applications to business schools are booming. “It’s the second-largest year-over-year surge in applications to full-time programs since 2002, and the highest level of increase in five years,” Business Week reports.
The sharpest increase is in mid-tier business schools. Penn State’s Smeal College of Business, saw a 39% increase in applications, for instance. But even MIT’s Sloan School of Management and NYU’s Stern School of Business saw double digit increases in application volume.

Sagging Economy Boosting B-School Programs
[Business Week]

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Comments (41)

  1. Posted by guest | August 27, 2008 at 4:57 PM

    Carney, why the hell would we care about Penn State’s Smeal College of Business (didn’t even know it existed). You might as well give us stats on University of Phoenix while you’re at it…

  2. Posted by guest | August 27, 2008 at 5:05 PM

    1 – Maybe it typified the kind of schools that are seeing the sharpest increase in applications, which happens to be the jist of the post.

  3. Posted by guest | August 27, 2008 at 5:05 PM

    “even MIT’s Sloan School of Management and NYU’s Stern School of Business saw double digit increases in application volume”
    Great, i might as well dont bother taking gmat’s (have a 3.2 gpa which hurts) and i will be stuck with quant money management as i want to move towards fundamental side. Or maybe move to brazil, do some non profit crap for a year to get in hbs!

  4. Posted by guest | August 27, 2008 at 5:06 PM

    “even MIT’s Sloan School of Management and NYU’s Stern School of Business saw double digit increases in application volume”
    Great, i might as well dont bother taking gmat’s (have a 3.2 gpa which hurts) and i will be stuck with quant money management as i want to move towards fundamental side. Or maybe move to brazil, do some non profit crap for a year to get in hbs!

  5. Posted by guest | August 27, 2008 at 5:06 PM

    Losers.

  6. Posted by guest | August 27, 2008 at 5:06 PM

    I just got admitted to Apex Tech executive MBA program.

  7. Posted by guest | August 27, 2008 at 5:08 PM

    4 You’re a perfect candidate for CFA. Do it dude. I’ve been there (trying to break into fundamental asset management, though not from quant) and can tell you it will help.

  8. Posted by guest | August 27, 2008 at 5:10 PM

    1 Smeal actually has a very good reputation for operations management (i.e. running factories, distribution systems). You’ll see industrials recruiting there and liking it.

  9. Posted by guest | August 27, 2008 at 5:10 PM

    @ 1
    dumbass

  10. Posted by guest | August 27, 2008 at 5:17 PM

    this post and the article behind the post make me just want to say, uh…durrrr

  11. Posted by girl | August 27, 2008 at 5:24 PM

    Carney can you print out this post and snail mail it to my parents when I get rejected from Indiana University school of Just Kill me Now?
    Thanks in advance.

  12. Posted by Anal_yst | August 27, 2008 at 5:27 PM

    ditto girl, argh…

  13. Posted by guest | August 27, 2008 at 5:28 PM

    im thinking about paying someone to take the gmat on my behalf… any takers?

  14. Posted by guest | August 27, 2008 at 5:32 PM

    @6 – the beauty of the Apex MBA is that after you read each book, it’s yours to keep…

  15. Posted by TheEngineer | August 27, 2008 at 5:40 PM

    Wasn’t this in the economist a month ago? Anyway, all you need is something to separate yourself from all the other people worried about losing their jobs or not getting promoted.
    In other words, we’re all screwed and not in the good way.

  16. Posted by guest | August 27, 2008 at 5:45 PM

    13 – just took the gmat … they finger-print you! good luck! i’d love for someone to take my gmat for me

  17. Posted by guest | August 27, 2008 at 5:46 PM

    @13 no problem. They’re isnt an exam i cant take. Pencils down bongs up and its 420 University!
    Oh…. and #17 eats my ass.
    SPODE

  18. Posted by bank_teller | August 27, 2008 at 5:59 PM

    #17 — started class early today? well done!

  19. Posted by guest | August 27, 2008 at 6:29 PM

    …and it is going to get even worse for those applying now for fall ’09.

  20. Posted by trojan | August 27, 2008 at 7:32 PM

    @17- its called UC Boulder not 420U. anybody check the freshmen crop this year?

  21. Posted by guest | August 27, 2008 at 7:57 PM

    hey 17, you are 17 so have fun chasing your ass like this
    http://www.youtube.com/watch?v=ZLylhDFBqEM

  22. Posted by guest | August 28, 2008 at 8:11 AM

    I just got into ITT Tech!!!!

  23. Posted by guest | August 28, 2008 at 9:00 AM

    Wait a second… let me get this straight:
    Massive layoffs across Wall St. coupled with a shitty economy that doesn’t appear to be getting better any time soon. And we’re to believe this environment is leading to an increase in b-school applications???
    Where’s the forehead slapper when you need him?

  24. Posted by guest | August 28, 2008 at 9:14 AM

    23: Just…shut…up.

  25. Posted by guest | August 28, 2008 at 9:29 AM

    Where’s the forehead slapper when you need him?
    For that matter, where’s Thadeus Monk (the one who always offered to provide some interim employment for any attractive female in need of some walking around money.)
    How about blnde banker as well? Haven’t heard from some of the old regulars in a while.

  26. Posted by nybasic | August 28, 2008 at 11:28 AM

    I am so bored and frustrated im actually considering Devry fopr my MBA. But I’ll most likely do the cfa.

  27. Posted by nybasic | August 28, 2008 at 11:29 AM

    yet another typo. FOR*

  28. Posted by guest | September 1, 2008 at 3:40 PM

    whatever you do, don’t go to law school
    For many lawyers, Labor Day is a time to stop and reflect on the terrible career choice made years ago and to renew a resolve to exit this collapsing profession as soon as possible to find a meaningful life doing something else, anything else, for a living. Around barbeques and fire pits across the nation, tired broken lawyers gather with regular people and hear them speak of the excitement in their lives, their happiness and the contributions they make to society day in and day out. With each passing year, the firemen, policemen, banker and teacher come closer to near full salary retirement with lifetime health benefits courtesy of well intentioned and powerful trade unions and guilds. Sadly, the lawyer looks forward only to endless paper, meaningless work, a profession full of broken people competing in an overcrowded market, a dwindling paycheck ravaged by taxes to pay for the retirements of the people he is standing next to at the barbeque and the weakest trade association ever conceived, the ABA. On this Labor Day, we at endofesq raise a tall one to the lawyer at the barbeque and say Cheers!, smart guy.
    endofesq.com

  29. Posted by guest | September 3, 2008 at 4:08 PM

    future MBA’s of America now seen on njguido.com

  30. Posted by guest | September 22, 2008 at 3:58 PM

    NYU has a business school? What’s the point?

  31. Posted by guest | September 22, 2008 at 3:59 PM

    NYU has a business school? What’s the point of that?

  32. Posted by streetwalker | October 9, 2008 at 2:03 PM

    Business School? Didn’t all these lily white boy geniuses that got us into this mess go to business school? Didn’t they go to the best business schools in the world — the IVY LEAGUE business schools? Didn’t they learn how to construct their sophisticated fancy pants mortgage derivative tricks at business school? Didn’t they learn how to drive a business, a city an economy, a country and maybe the world into the toilet at business school?
    Didn’t they all come through a system that rewards conformity and group think? Were they naturally selected, one after another for fitting into a very narrow and in the end toxic mold?
    Why the hell would anyone want to join the herd? Time to think outside the ivy…

  33. Posted by guest | October 15, 2008 at 10:03 AM

    Guess what, 49.99% of students are below average intelligence.

  34. Posted by guest | October 22, 2008 at 3:25 PM

    I’m glad I daytrade the ES from home. Don’t have to worry about this.

  35. Posted by guest | December 24, 2008 at 11:44 AM

    Anyone know if it is possible to leave a BB IB as a 2nd year associate go back to a BB after a top 10 MBA as a VP?

  36. Posted by guest | December 24, 2008 at 11:53 AM

    35 anything is possible

  37. Posted by guest | December 24, 2008 at 11:56 AM

    Let me add that in this environment, you should be totally flexible. Sounds like you’re trying to plan out every move to an unhealthy degree. You’re setting yourself up to be disappointed big time.

  38. Posted by guest | January 22, 2009 at 5:46 PM

    Oh yeah MBA school, 100k plus debt to get a 100k a year job.
    I bankers best learn to drive trains and buses. The world has too mnay moron bankers. Putting together pitch books and working on excel are not real skills.
    Jersey transit is hiring.

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  41. Posted by Clair S. Leach | October 12, 2012 at 1:21 AM

    ahha, pretty interesting