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With concerns about economic conditions deepening, the number of would-be students hoping to weather any downturn by going to business school and studying for an MBA are increasing rapidly.
According to a recent report from the Graduate Management Admission Council, applications to full time MBA programmes are soaring, with 77 per cent of schools questioned saying that applications to full-time MBA programmes are up.
The 2008 GMAC application trends survey also points to increased interest in flexible MBA programmes, although not to the same extent.
“Going to business school is one of the best ways to improve your marketability and expand your options anytime - but especially in this challenging economic climate,” says Dave Wilson, president and chief executive officer of GMAC.
The survey says that application growth may not yet have reached its peak Economic changes and GMAT test-taking patterns suggest that the number of applications may be even higher next year, after which a slowdown is likely to start.