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There was only a temporary surge after the crisis. People flooded into school thinking "school is a safe place to hide during a recession". This led to large cr
by graeme 12y ago
There was only a temporary surge after the crisis. People flooded into school thinking "school is a safe place to hide during a recession". This led to large crunches every subsequent year.
Word has been spreading for the past four years. Applications have been down each year. We're hearing more now because it's finally reached a crunch point for schools. They've been trying to hold off closing by getting enough students and forcing other schools to close.
It's musical chairs, and the music is now stopping.
- deleted 12y ago[deleted]
- hkmurakami 12y ago>People flooded into school thinking "school is a safe place to hide during a recession". This led to large crunches every subsequent year. Another data point is NYC Business Schools. Lots of people in finance applied to, say, Columbia business school during the crisis, and thus around 2012 there was a huge plummet in applications there as the industry (a) started to recover a bit, and (b) it became clear that the rewards from a career on Wall Street would be much smaller than in previous decades.