There’s an old rule of thumb: As the economy sinks, graduate school applications rise and as the economy rises, graduate school applications sink. It was true in 2008. As our loyal readers know, we’ve got a crystal ball here at Ivy Coach. Our crystal ball, as crazy as it may seem, has been cited on the pages of America’s oldest college newspaper. Our crystal ball is highly accurate. And, yes, our crystal ball hereby forecasts surging graduate school application figures from domestic applicants in 2020 and 2021.
As the Economy Goes South, Grad School Applications Traditionally Surge
It seems like so long ago but back in November 2019, we reported on how MBA applications had dropped off rather precipitously over the last three years. And it’s not like fewer students were only applying to graduate business schools. We would argue that it was never easier to get into an elite law school than over the last few years. But all that is about to change. With record levels of Americans declaring unemployment, graduate schools — even if they have to teach students virtually — stand to gain. Yes, more students will be applying for MBAs. More students will be applying to law schools. More students will be applying to med schools and PhD programs in hieroglyphics. Ok, we may have exaggerated with the hieroglyphics bit, but you’d be amazed how many lifelong learners wish to receive doctorates in totally useless disciplines (at least based on the folks who reach out to us).
In any case, do you agree with our projection? Are more students going to be applying to the likes of Wharton and HBS this year for an MBA? Are law school applications going to skyrocket? Let us know your thoughts by posting a Comment below. We look forward to hearing from you!
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