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Applications to MBA programs have dropped for the second straight year, according to the Graduate Management Admission Council. More than 75% of full-time, two-year MBA programs surveyed received fewer applications for the 2003-2004 year than they had the previous year. The slide was more than 20% for about 40% of the programs surveyed.
Experts cite many reasons for the decline including: the high costs of programs (two-year programs can top $100,000), shrinking numbers of students from foreign countries, and an improving economy that's sending more students to the job market rather than to professional schools.
Feminists list another reason for the decline: business schools' apparent indifference to women. They are only about 30% of MBA students, but women are now more than 50% of students in professional schools such as law, medicine, veterinary and dentistry.
Women are reluctant to invest up to two years and $100,000 in getting an MBA, then face a corporate glass ...