Bloomberg Businessweek

When One Degree No Longer Fits All

Schools are adapting to give MBA students the specialized programs and flexibility they want

Business schools are in an enrollment slump. Applications for full-time, two-year Master of Business Administration programs in the U.S. have declined since 2015. Last year 64 percent of U.S. full-time MBA programs received fewer applications, according to the Graduate Management Admission Council’s 2017 Application Trends Survey Report. “There has been a general contraction in industry MBA programs,” says Claire Preisser, associate director of the Aspen Institute Business and Society Program, an arm of the think tank that studies trends in business education.

That’s due in part to a strong U.S. economy and higher employment rates. Also, with outstanding student loan debt at an all-time high—$1.4 trillion—and fewer employers willing to foot the bill for an MBA degree, the costs are even more

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