[사진출처 = 연합뉴스]The Wall Street Journal (WSJ) reported on the 4th (local time) that the number of applicants to prestigious MBA programs in the United States has fallen sharply.
This is happening as a job market is created that is absolutely favorable to job seekers, and there is a growing awareness that a higher education degree is no longer needed, the WSJ said.
According to the WSJ, Harvard MBA applicants fell by more than 15% this year, and applicants to the University of Pennsylvania’s Wharton School fell 13%.
Famous MBAs in the United States, such as Yale University, University of Chicago, and New York University, also dropped more than 10% in the number of applicants.
Laurel Grodman, associate dean of admissions at Yale University, said:
His explanation is that as a job market favorable to job seekers is formed, companies that are trying to prevent job turnover raise their salaries and shake the hearts of office workers who were considering applying for an MBA to move companies on better terms.
Currently, the two-year tuition for the famous MBA in the United States amounts to $200,000 (280 million won). From the point of view of an office worker, he has to give up his work life for two years and bear tuition and living expenses.
According to a survey conducted by Clear Admit, an American MBA admissions information company, of 1,500 people who recently gave up their MBA applications, more than half (52.6%) said cost was the problem.
However, it is known that foreigners’ interest in the US MBA is still high.
For example, the University of North Carolina is one of the few top 20 MBA schools in the U.S. with an increase in applicants compared to the previous year.
In the case of this school’s MBA this year, the proportion of foreign freshmen last year increased from 26% to 35% this year.
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