MBA Remains Strong, Despite Economic Meltdown

The number of applications to MBA Institutes this year has risen by a staggering amount. To put it simply, the increase is as sharp as 65%.

Given the high investment of both time and money that an MBA demands, the increase counter intuitive. Among various explanations, the one which seems most feasible is that professionals are looking at MBA as an opportunity for personal and professional growth. In an era where lay offs are commonplace, a 2 year stint in a good business school does seem like a good bet to outlast the recession and to rebound with great professional growth.

Another interesting trend is the dip in the number of Indians who have applied to US Business Schools for MBA Programs. This dip is accompanied by a spike in the number of applications by Indians to Business Schools in Canada & Europe. The change in preference is explained by an uncertain VISA scenario, coupled with the lack of financial assistance in the US. This is contrasted by a more welcoming outlook that Canada and European countries have (w.r.t. VISA) and better financial aid opportunities and most importantly, more affordable fees.

Whether it’s a good idea to enroll in a 2 year MBA or not, is a question that only time can answer. However, for the moment, it does seem like a really good bet!

Source:- gmat.learnhub.com