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Writer's pictureAmi Kassar

AmiSight 10/28: Interest in Business Schools Soars as White-Collar Job Prospects Stall

Frustrated with the prospects of the white-collar job market, workers are taking matters into their own hands and applying for advanced business degrees. 

 

The Wall Street Journal reports that applications to M.B.A. programs increased 12% in 2024, according to a new survey of schools by the Graduate Management Admission Council, a nonprofit that tracks application trends. This reverses two years of declines. 

 

With artificial intelligence upending certain jobs and leaving fewer open roles as established employees move away from job hopping, pursuing an M.B.A. has become a viable option for both young workers and laid-off older employees seeking to develop new skills and increase their value in the job market.

 

Although the U.S. job market is currently strong and unemployment remains low, many of the available positions are lower-wage positions in retail and dining. Those pursuing an M.B.A. feel they could bring more to the table with an advanced degree and upgraded skills.

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