"I don't think it's going to be a great year for applications," he says. "There is so much negativity out there about the MBA right now."
Bolton thinks the low application numbers are partly due to the blame that has been placed on business schools for the global economic crisis, along with the bleak job market for MBAs, which has led to lower starting salaries and fewer job offers.
Could it be that business people are more rational in making cost-benefit decisions? The profile of an MBA applicant is also different -- most of them have 4-7 years of work experience and are probably more adept at making money decisions. I think there is a strong argument to be made that all law schools should require work experience ala Northwestern. (oh and IBDF)