WrittenPublished by: Poets&Quants
MBA News Digest Comment: None.
Extracted Content: These days, a little bit of gallows humor may go a long way for business school deans who are struggling through a now five-year decline in applications to their flagship MBA Programs. “The joke among the deans right now is, ‘All we need is a nice little recession,’” says Andrew Ainslie, dean of the University of Rochester’s Simon School of Business. “We are about the only people in the world who like a recession. We think it will still be good enough for us.”
But will a recession, in fact, be the industry’s savior this time? Applications to full-time MBA programs in the U.S. have now dropped for five consecutive years, with the most selective, elite business schools having endured two straight years of declines.