Top MBA Programs are Getting a Cold Shoulder

Applications for a number of elite business schools have been falling over the last five years, but this last year saw an even steeper rate of decline as the programs tried to attract international students in the midst of tougher immigration policies and heightening tensions between China and the US. The decline of applications from international students is stark with applications falling 13.7% this year.

The Wall Street Journal reported that Harvard, Stamford, MIT among others are experiencing larger year-over-year declines, and some, like Dartmouth's Tuck School had double-digit declines. Beyond the falloff of international students applications, one of the other factors fueling the decline is that the hot domestic job market has cooled the interest of many Americans in the programs, in addition to their mountain of debt from their undergraduate degrees.

The fact of the matter is that these MBA programs are not going away, but they will change. For example a number of programs are expanding their offerings into specialized degrees in fields such as data analytics, recognizing that businesses are changing rapidly and the Graduate programs need to change to remain relevant to warrant the $213,000 that you have to shell out for the MBA degree at Harvard.

Job Listings

WESTMOUNT REALTY CAPITAL
Associate – Real Estate Private Capital
(DALLAS, TX) Duties include, but are not limited to: analysis of new investment opportunities; creating highlight sheets, pitch decks and other marketing materials as needed; working with databases and Salesforce to identify and reach out to prospective equity partners; and raising equity capital for each project.

SVN INTERNATIONAL, AVAT REALTY, LLC
Analyst/Office Manager
(HUNTSVILLE, AL) Position will be responsible for overseeing implementation of intricate marketing plans for commercial properties and general marketing. Responsibilities include preparing Offering Memorandums on pre-arranged templates, analyzing operational property data to create pro-forma business cases, and coordinating with brokers and clients during the creation of marketing materials during due diligence.

ASHCROFT CAPITAL
Controller
(NEW YORK, NY) Controller will maintain current financial packages by working with a third-party property management company. Responsibilities include: correcting and revising the monthly financial packages of each asset, overseeing the construction loan draw process, investor distributions, liquidity analysis of operating accounts, budget reconciliation and other ad hoc financial projects.

REALTY INCOME CORP.
Acquisitions Analyst
(SAN DIEGO, CA) Analyst will be responsible for supporting deal captains in their day-to-day execution of transactions. Duties include: populating Investment Committee spreadsheets; preparing Investment Committee Packages including Transaction Summaries, Sales Comparables, and Map Packages; and coordinating information needs between internal groups.

AIG
Global Real Estate, Senior Associate – Asset Management
(SAN FRANCISCO, CA) Position will work on the asset management of existing portfolio of operating multifamily properties, including those in lease up or stabilized in the West Coast region. This includes preparing asset reports, market research analysis, and site visits.

JOHNSON & JOHNSON
Director, Real Estate and Planning
(EMEA) Duties include: leading the EMEA team acting as the Business Solution Partner to key stakeholders; actively engaging in regional real estate portfolio pipeline management reviews to ensure decisions are made in advance of critical events; and leading the development and implementation of consistent and comprehensive real estate solutions that support the growth of J&J businesses in EMEA region.

TISHMAN REALTY PARTNERS LLC
Hotel Acquisitions & Asset Management Analyst
(ORLANDO, FL) Position will track the team's deal pipeline and weekly action items; execute financial analyses and underwriting of acquisition and development opportunities, including detailed modeling of hotel projections and cash flow or valuation models; and performing market due diligence of potential acquisitions.

PROPERTY MANAGEMENT ADVISORS
National Vice President of Property Management
(SANTA ANA, CA) Role will provide leadership and management control for a team of property managers, assistant property managers and their support staff, who in turn, manage 4 millions square feet of shopping centers located in 17 states, with the majority of the portfolio located in California and Arizona.

CITY OF AUSTIN – AUSTIN TRANSPORTATION
Capital Improvement Program Manager
(AUSTIN, TX) The Capital Improvement Program Manager (CIPM) will work with Corridor Program Office (CPO) Executives to deliver the Corridor Mobility Program within eight years as outlined in the Council's Contract with Voters. Position will interface with the Budget Office and ATD Finance staff with respect to project funding needs, transfers, obligations and expenses.

FORE PROPERTY CO.
Development Director Multifamily
(LAS VEGAS, NV) Director will support the Development Team with managing multiple phases of the real estate development process. Position will participate in all aspects of development including site selection, due diligence exploration, financial analysis, budgeting, contract negotiation, development consultant management, site acquisition, investment package creation, coordination of the permitting process, execution of the construction documents, and general contractor management.

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