How a booming economy has hurt MBA programs

The number of applicants for U.S. graduate business school programs has declined for the fourth year in a row, according to Fortune.

Applications for master's of business administration programs is down 7 percent from 2017. As the economy has continued to improve, young professionals are less likely to give up good-paying jobs for the burdens of student debt.

Specialized international programs could be drawing from U.S. schools, as applications rose by 8 percent for schools in Canada and 9 percent for schools in East and South Asia.

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