Last week’s Economix blog from the New York Times featured the latest growth trends for the LSAT, GMAT, and GRE. Not surprisingly, the number of LSAT exams taken in 2008-2009 grew more than 5%, which coincides with the National Law Journal’s report that applications were up 4% vs. last year.
While the Graduate Management Admission Council hasn’t yet released its numbers for 2008-2009, it is expected to show steady growth vs. the previous year. It will be interesting to see if the overall number of MBA applicants grows much this year, given the uneven preliminary numbers we have heard from some of the nation’s top programs.
Not all of National Law Journal’s numbers point to strong growth. Interestingly, the actual number of law school applicants increased by less than 1%. So, not many more people applied to law school vs. last year, although those who did apply seemed to apply to more schools. Also, the number of GRE exams taken in 2008 actually was actually lower than the number taken in 2007, although that may have more to do with a change to the exam, which may have unnaturally increased the number of people who took the exam in 2007.
It’s uncertain how exactly the recession will impact application numbers when all is said and done, but it will be interesting to see where the numbers end up at the end of this application season. Will a surge actually come next year, or will this recession prove to be different than others? We will probably need to wait a few more months, when most top business schools start sharing their 2008-2009 numbers, before we know for sure.
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