| This Week's Top Story |  | | Columbia and NYU aren't the only business schools watching applications nosedive. In all, at least a dozen top MBA programs are in the same boat | | More Top Stories | | | With $1 trillion in student debt, it's no longer a given that college pays. Solving the problem requires a wholesale reexamination of higher education | | | Before negotiating salary and benefits, do your homework: Your request should be in line with industry norms | | | The focus of the MBA shouldn't be the big-ticket job offer, but the degree's hefty price tag almost guarantees that won't change | | | Before deciding where to apply, visiting the campus can provide the prospective student with a wealth of knowledge | | | B-School Life Following family tradition, this MIT Sloan MBA entrepreneur has launched her own bespoke jewelry line | | | A team at USC Marshall helped commercialize technology developed for NASA's Mars Curiosity Rover | | | In GMAT sentence correction problems, focusing on the intended meaning of the original statement has its limits | | | Favorite Professors Questions abound in Joe Ben Hoyle's Socratic Method-centric accounting courses at the University of Richmond | | | Some say entrepreneurs are born, not bred, but business schools still offer courses. Do they help? | | | Big promotions for executives at Fidelity and Pernod Ricard, a new CEO at Astra Zeneca, and a retiring chief at Sealed Air | | | ASU launches an undergraduate business/engineering degree, Case Western's accounting program is flooded with applicants, and a professor recalls his days at Harvard, with Mitt Romney | | | Yale launches a program in advanced management, Stanford offers an entrepreneurship certificate, and a business dean at Miami University resigns following a scandal | | | Since 2009, Georgetown's McDonough School of Business has occupied posh new digs on its Washington campus | | | A $25 million gift to Columbia, a new undergraduate curriculum at Kelley, and a new name for DePaul's B-school | | | Check out our video blog for tips and expert advice on choosing the right B-school and making the most of your time there | | | Connect with fellow students and recent alumni of the MBA program you're about to start, and start networking before you arrive on campus | | | This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Dustine Peterson
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To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. | | This week in MBA Express | | Dear Reader: As metaphors go, the photo of a parched landscape, complete with tumbling tumbleweed, that graced the B-schools home page for a few days last week was hard to beat. As Alison Damast reports, top business schools are indeed suffering through a drought of sorts: an application drought. We reported earlier on the double-digit declines at Columbia and NYU, schools known for sending grads to Wall Street, where big banks are now slashing jobs and pay. But it goes well beyond those two schools. At least a dozen top 30 schools are reporting application drops, most in the low single digits, but a few far worse. Anyone with a rudimentary understanding of math understands why an application decline is good news for applicants: it makes it a little easier to be admitted. But why is it bad news for schools? Most top schools have more applicants than they know what to do with, so it's not like they can't fill seats. A decline in applications could force schools to accept poorly qualified applicants, although that does not appear to be the case, at least at the top schools. In fact this year's drop in applications isn't bad news at all. B-school applications follow a counter-cyclical pattern-up when the economy is bad, down when it's not. So what most schools are seeing is, I suspect, a response to an economy that's improving, albeit very slowly. Who knows, maybe the drop in applications is a leading indicator, and this time next year the economy will be firing on all cylinders. Fingers crossed. Louis Lavelle, Business Schools Editor, Bloomberg Businessweek | | Louis Lavelle |  | | Advertisement  | Business School Resources | Advertisement  | |
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