MBA APPLICATIONS ON THE RISE AGAIN!
A number of top tier business schools have decided to ease the application process and the admission requirements for applicants from all over the world. This resulted in a surge of applications to different business programs such as the MBA program. Does this mean that it is becoming harder to get admitted to these same business schools? What will this surge in application numbers mean for applicants chances of admission?
One thing for sure, is that applicants should never mistake the easing of requirements for an easy admission decision. During 2020, most top business schools decided to relax their admission requirements offering test waivers such as the GMAT and the GRE, allowing applicants to submit incomplete applications with no language certificates with the possibility to send the additional documents proving their ability to speak the language after the admission decision. In fact, this relaxing of the requirements was happening even for prestigious programs such as the Sloan Fellowships and the executive MBA programs.
At the same time, many of these top tier business schools decided to switch the format of education to more of blended learning experience to respect the global health and safety conditions implemented globally or nationally. This led to a lot of uncertainty as these top tier business schools did not know how will their students react to the new normal.
Neither of these two changes in the business school sector meant that applicants can get admitted easily now. The possibility of doing a big part of their MBA education online has not deterred students from applying to these top business schools even if they had to pay the same tuition fees they would pay during normal times. This means that in an chaotic world, an MBA degree can still deliver a predictably strong career outcome for many of these applicants seeking stability.