U.S. business schools are hunkering down, waiting for the current economic storm of good news to end. Columbia Business School is the latest to report a significant drop in his MBA applications in the last cycle, offsetting the negatives by positive trends in other key metrics.
In 2021-2022, like the Wharton School at the University of Pennsylvania, the Columbia University app saw a significant drop as many MBA candidates stayed in high-paying jobs. CBS’s apps dropped over 350 to 6,177, down 5.5%. In response, the school increased enrollment by more than 12%, with acceptance rates jumping to just over 22% from 18.6% in the previous cycle.
It has the highest acceptance rate in Colombia in the last five years and has removed the school from the pantheon of most exclusive MBA programs.An economic recession or other paradigm-shifting event.
MBA Women Increase to 44%, Breaking School Record
Other elite B schools that have reported similar declines in filings for 2021-2022 include the University of Virginia Darden School of Business and the UCLA Anderson School of Management. The NYU Stern School of Business reported a 10% decline in apps last week from the previous cycle. (Interestingly, a major school, Cornell Johnson Graduate School of Management, actually reported a significant increase in apps, bucking the trend.)
Like most of its peers, Columbia University has increased its high-profile numbers, boosted the proportion of women in the MBA to new school records, and set new school records for enrollment, resulting in fewer applications and less Compensated for the corresponding increase in pass rate. Both international students and U.S. minorities.
Columbia University has been one of the leaders in enrolling women in the MBA for at least the past two years, recognizing that 44% of its classes are women this year, moving closer to gender parity from 41% last year. Likewise, the school has always had a strong cosmopolitan flavor due to its central location in New York City, one of the world’s great cosmopolitan cities. Due primarily to a shortage of applicants in the United States, CBS welcomed even more foreign students, surpassing her 50% threshold for the first time. See the table above for details.
Class sizes have remained fairly stable in both Columbia enrollments, even as apps have declined and schools have increased admissions and acceptance rates to adjust. 2 times, in August and January. The former has gradually increased over the past four years, from 551 in 2019, he has 571 in 2020, 614 in 2021 and 629 this year. The latter also trended upwards from 203 last year to 211 and 233, but was capped at 215 in January this year.
CBS also maintained its flashy graduate administration admissions test average (729, with a range of 550 to 780), recovering from a slight dip in its undergraduate grade point average last year.
Finance is the top of the previous industry.Business is top of the faculty
In 2020, the largest group of Colombian students will come from the financial services sector, accounting for 30% of enrolled students. This is not surprising considering Columbia is in the middle of Wall Street. Consulting backgrounds make up 23% of the class, and marketing and media make up another 14%. Students in the tech industry made up 8% of his class, and students with a healthcare background made up 4% of hers.
In 2021, Finance will actually rise to 31%, Consulting to 22%, Marketing/Media to 12% and Technology to 9%. Health care also rose to 5%. This year, Finance remained flat at 29%, Marketing/Media at 12%, and Consulting, Technology, and Healthcare at 22%, 9%, and 5%, respectively.
In my undergraduate major, IIn the fall of 2020, the majority of new Columbia MBA classes majored in business (29%) or economics (20%), engineering (17%), social sciences (14%), and humanities. science (8%), science (7%) and technology (3%). In 2021, business will be the overwhelming leader with 37%, followed by economics (18%), engineering (15%), social sciences (13%), science (7%), humanities ( 6%), followed by technology (2%). ).
Business has fallen slightly to one-third (33%) of the class this year, while economics has risen to 20% and engineering to 16%.
Minorities from the United States at Columbia Business School
Don’t miss rankings, rates, ROI and more: M7 numbers and another M7 profile show new strengths for MBA