During this period numbers of applications to different business schools have increased. The number of applications in Xavier Institute of management has increased many folds. Economic recession, job insecurity and lack of professional growth during this period have contributed to these oncrease in numbers in applications. Rather than witness a lull in their professional careers, these professionals have decided to increase their knowledge, hone their skills and be ready to be at the driver’s seat when the economy blooms or “reopens”.
Some analysts from different business schools say that this trend is found during all the economy recessions. The trend was also noticed during 2000’s when dot com bust forced many companies to shut their shops and look for cover. Business Week in an article also has echoed same opinion about surge in MBA applications. The article has made this observation after studying trends across top ranking business schools in different parts of the world.