Applications to top business school programs at top Ivy League universities saw double-digit drops this semester.
Major MBA programs like Harvard Business School have reported steep drops in applications due to a tight labor market and expensive costs of the degrees, which have pushed many would-be applicants away, according to an article in The Wall Street Journal.
Undergrad programs are also seeing declines in enrollment, as a younger generation of high school students are rethinking the value of college, as many are beginning to question the return on investment or quality of the education.
Some have decided against a four-year degree and go directly into independent business or vocational schools….