After two decades of growing student enrollments and economic prosperity, business schools in theUnited States have started to face harder times. Only Harvard’s MBA School has shown a substantialincrease in enrollments in recent years. Both Princeton and Stanford have seen decreases in theirenrollments. Since 1990, the number of people receiving Masters in Business Administration (MBA)degrees, has dropped about 3 percent to 75,000, and the trend of lower enrollment rates is expected tocontinue.There are two factors causing this decrease in students seeking an MBA degree. The first one is thatmany graduates of four-year colleges are finding that an MBA degree does not guarantee a plush job onWall Street or in other financial districts of major American cities. Many of the entry-level managementjobs are for students graduating with Master of Arts degrees in English and the humanities as well asthose holding MBA degrees. Students have asked the question, “Is an MBA degree really what I need tobe best prepared for getting a good job?” The second major factor has been the cutting of Americanpayrolls and the lower number of entry-level jobs being offered. Business needs are changing, and MBAschools are struggling to meet the new demands
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