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Applications to US MBA programs fell 7% in one year. Now MBA programs are reinventing themselves to be more socially responsible. That's a fine thing (if they mean it), but it's not why people have stopped applying. They've stopped applying because it's not where the money is.
MBA programs were where the money was when they took off in the 1980s. Big companies were where the money was, and MBA programs were their West Point. But that world is gone, and it's not coming back (http://paulgraham.com/re.html ).
In addition to the secular trend you point out (which I agree with), there's also a cyclical trend: MBA programs are less appealing during boom times due to higher opportunity cost.
The direction is not the same as the current state. MBAs can still have high salaries and be recently declining
I am worried about some of the scenarios in which your theory is wrong.
This wouldn't apply if you went to Harvard or Stanford for an MBA....
Grad school will always be a safe haven during a recession. Although it’s a bit different because costs have soared so much we will have to wait and see during the next rise in unemployment
As an investor, do you fight fragmentation or ride its wave?
I pray one day you‘ll increase the size of the copy
pic.twitter.com/O15KA7cYcV
Absolutely!!!
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