For the third year in a row, applications to business schools have fallen. This years drop was down an average of 9.9% from last year. Analysts say that uncertainty about the job market is keeping people away from business school, and that those who might leave their jobs are not doing so. However, applications for specialized programs, like those that certify for accounting, have risen, which schools attribute to a desire to have more skills during a job search.
See Melissa Korn, The Wall Street Journal, September 14, 2011