Here’s a quick update from the admissions front. We’re about ¾ of the way through our admissions season (well, 3 of our 4 deadlines have passed). We are about to make admissions decisions on round 3 (January round) applicants. And they’ll hear from us on March 23rd (and not a day earlier!). We’re very pleased with the quality of the applicant pool so far this year. Lots of applicants with great numbers in addition to strong work experience and amazing interpersonal skills…a powerful combination.
Our application volume this year is slightly down overall. Domestic applications are about flat, but international volume is down. To some people this is surprising, since the projection coming into this admissions season was that application volume to MBA programs would be sky high given the economic situation. But, I suppose, the fear factor has been more of an issue with this recession. People who have jobs are hesitant to leave them and go to school for two years. And people are probably more cautious about taking on debt to go to business school. But people who are able to have a longer-term perspective still realize the MBA is a terrific investment and option for a lot of folks.
Overall, we’re still pleased with the season so far since the quality of the pool is so strong. We also feel like our pool of applicants truly understands why they are pursuing the MBA and what they expect to get out of their investment. In fact, this year we modified our admissions essays to be able to identify those applicants who are the most “ready” to benefit from this experience.
We still have one deadline left…March 13th…so there’s still time to apply if you’re on the fence. We anticipate being able to admit candidates in all of our rounds. I’ll try to post after our last round and let everyone know how things end up for the season.
Lisa Beisser
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