# White-Collar Job Cuts Lead to a Surge in MBA Applications! 📈

**URL:** <https://onehack.st/t/white-collar-job-cuts-lead-to-a-surge-in-mba-applications/294362>\
**Category:** News & Articles\
**Tags:** learning, business, technology\
**Created:** [October 24, 2024, 7:02am UTC](https://onehack.st/t/white-collar-job-cuts-lead-to-a-surge-in-mba-applications/294362 "2024-10-24T07:02:10Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [October 24, 2024, 7:02am UTC](https://onehack.st/t/white-collar-job-cuts-lead-to-a-surge-in-mba-applications/294362/1 "2024-10-24T07:02:10Z")

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**Summary:**

1. **Significant Application Increase**  
MBA applications have surged by **12%** in 2024, with full-time programs seeing a remarkable **32%** increase, reaching a **decade-high**.

2. **Top Schools Reporting Gains**  
Prestigious institutions like **Columbia Business School** and **Harvard Business School** have reported application increases of **27%** and **21%** , respectively.

3. **Job Market Context**  
Despite a strong U.S. job market and low unemployment, many lower-wage positions in retail, dining, and healthcare have dominated recent labor growth.

4. **White-Collar Job Downturn**  
The decline in white-collar jobs, initially impacting tech sectors in 2022, has now affected companies like **Goldman Sachs** , **Lyft** , and **Microsoft** , leading to significant layoffs.

5. **Career Bottleneck**  
Younger workers in their **20s** are facing challenges climbing the corporate ladder as more experienced professionals hold onto their positions, prompting a shift toward further education.

**Read more at:** [MSN](https://www.msn.com/en-us/money/careersandeducation/applications-to-m-b-a-programs-soar/ar-AA1sMnH6)