Elite American M.B.A. programs report a sharp drop in interest as international students choose universities in Europe and Canada
- Overseas MBA applications for elite American business schools fell sharply this year
- Harvard, Stanford and Massachusetts Institute of Technology (MIT) all fell
- Stanford University Graduate School of Business has suffered a decline of six percent
- Changes in US visa rules and the US trade war with China blamed the fall in interest
Top American MBA programs & # 39; s suffer declines in applications International students increasingly choose schools in Europe, Canada and Asia.
Harvard University, Stanford and Massachusetts Institute of Technology (MIT) have all lost interest this year, by as much as six percent.
Applications for some of the most prominent business schools in the county have fallen more sharply this year than in the past two years because universities were struggling to attract foreign students, according to Wall Street Journal.
The Graduate School of Business at Stanford University has suffered a six percent decrease in applications for its MBA course, due in part to changes in US immigration policy and trade tensions that drive foreign students away from US top universities.
The University of California reported a declining interest in the two-year full-time course that began in September, according to the Graduate Management Admission Council (GMAC) survey that analyzed the figures in 40 countries.
Students walking on Stanford University campus in Santa Clara, California. The university has seen a six percent decline in applications from international students to the MBA degree
Massachusetts Institute of Technology (MIT) campus. Elite American MBA programs have suffered from international students because more applies to Canadian, Asian and European courses
The tightening of the American visa rules for international students has discouraged many who want to find a job near their university after graduating from American business schools.
Rising costs from the MBA degree have also deterred students from the US and abroad, according to Forbes.
Some MBA program leaders fear that this trend has been exacerbated by President Trump's trade war with China, one of the largest sources of foreign students for American business schools.
The report stated: & # 39; A growing number of AsiaPacific candidates chose to stay in the country or region, and internationally oriented candidates sent more applications to Europe and Canada and fewer to the United States.
& # 39; Due to weak international demand in combination with a strong economy, most US programs have lagged behind smaller applicant pools this year. The strongest declines were too large, highly ranked full-time two-year MBA programs & # 39; s. & # 39;
Harvard University students walk through the campus in Cambridge, Massachusetts. The university has also seen drops in foreign applicants for its business school
For the third consecutive year, more Canadian programs reported total application volume growth than declined, the study said.
International applications fell by 13.7 percent for graduate programs at American business schools for the 2019-2020 academic year, according to the GMAC report.
Paul Oyer, Stanford & dean of MBA program & # 39; s, said he & # 39; a great 10-school & # 39; heard about closing the MBA course before bringing up the idea.
He told me Financial times: & # 39; Immigration and visa issues are now even more complicated. It would not surprise me if we would see more closures. They can't get the numbers. & # 39;
Last year, MBA programs & # 39; s nationwide saw a 6.6 percent decrease in applications.
At the same time, the number of applications for international business schools in Asia increased by 8.8 percent in Asia, 7.7 percent in Canada and 3.2 percent in Europe.
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