The average number of applicants vying for spots in full-time, two-year MBA programs for the 2013-14 school year rose approximately 12 percent compared to the previous admissions cycle, according to new data from the Graduate Management Admissions Council.
“U.S. schools had their strongest showing since 2009, when workers rushed to load up their résumés with advanced degrees in the early days of the financial crisis,” Melissa Korn reported Wednesday for the Wall Street Journal. “But interest waned amid a tepid recovery and uncertain job prospects.
“Now, as hiring ticks up among startups and tech companies — and even finance firms — so has interest from prospective students.”
Despite the rise in demand for full-time MBA programs, GMAC’s 2013 Application Trends Survey Report further indicated, “There is a noticeable decline this year in the application volumes reported by MBA programs that serve working professionals — part-time, executive, flexible, and online MBA. In fact, one-quarter of part-time and online MBA programs reported receiving fewer applications for the 2013–2014 incoming class than seats available.
“Intensifying demands on employees’ time and competition among an increasing number of alternative program types may have contributed to declines in applications for professional MBA programs.”
No Utah schools participated in the GMAC’s 2013 application trends survey. BYU, Utah Valley University and Utah State University’s graduate-level business programs responded in 2012, and the University of Utah last participated in the GMAC survey in 2011.
In the 2014 U.S. News & World Report rankings for best graduate-level business schools, BYU ranked 30th and the University of Utah 61st.