Schools pressured to innovate programs and tighten cost belts.
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According to data collected by the WSJ…
Applications to American M.B.A. programs fell for the fifth straight year … down by 9.1% last year to just over 135,000.
Elite schools — except for Chicago (my alma mater) – are experiencing declines and being forced to dig deeper into their still formidable pile of applications … i.e. increase their acceptance rates.
What’s going on?
