Blog

MBA News: Applications Decline at NYU Stern and Columbia Business School

Job cuts and falling bonuses in the financial services industry are hurting not only Wall Street, they are also hurting Columbia Business School (CBS) and New York University (NYU) Stern’s application volumes. According to a BloombergBusinessweek article, these two schools are reliant on a robust Wall Street hiring environment to fuel applications. So, with hiring down, a ripple effect is now occurring. CBS is reporting a 19% drop in applications, and Stern is reporting a 12% decline. Other top business schools, such as Wharton and Harvard Business School, are reporting declines, but these changes are not as significant. According to a Graduate Management Admission Council survey, the number of MBAs interested in entering the finance world has been declining since 2008 (except for a brief increase in 2010). Of course, a decline in applications to business school is not all bad. If you are still interested in applying to CBS or Stern, with less competition, your chances may have just gotten a bit better!



onTrack by mbaMission

A first-of-its-kind, on-demand MBA application experience that delivers a personalized curriculum for you and leverages interactive tools to guide you through the entire MBA application process.

Get Started!


Upcoming Events


Upcoming Deadlines

  • Cambridge Judge (Round 1)
  • HBS (Round 1)
  • INSEAD (August Intake)
  • Yale SOM (Round 1)
  • Berkeley Haas (Round 1)

Click here to see the complete deadlines


2024–2025 MBA Essay Tips

Click here for the 2023–2024 MBA Essay Tips


MBA Program Updates

Explore onTrack — mbaMission’s newest offering allowing you to learn at your own pace through video. Learn more