You can blame four things for the fact that there are fewer MBA applicants in the full-time pipeline:
- The strong U.S. economy.
The rising cost of MBA programs and the unwillingness of many Millennials to go into substantial debt to get the degree.
Donald Trump who has scared off thousands of international candidates who had been helping to offset a continual decline in domestic applicants for a number of years.
A greater number of shorter, cheaper alternatives to a two-year, full-time MBA program, from one-year and online options to specialty master’s degrees in such subjects as data analytics and entrepreneurship.
The irony to all this is that business schools are still flourishing because of the demand for other programs. So while more schools are expected to drop their full-time, on-campus MBA experiences, there is plenty of evidence to suggest that alternative business programs are growing and will continue to grow.