Professor Elam

The number of people taking the GMAT is the best indicator of grad business school enrollment.

College enrollmentis actually counter to the economy. Economy down people rationalize they might as well be in school as htey cannot get the job they want now anyway.  The hyperlink describes that this is the fourth year of increased GMAT testing.  So which is it, does an improved economy call for more and better educated students or does an imporvement mean that jobs are so plentiful that one does not need more eduction to get into the workforce?

Conversely when the economy slows and more go to college, does the supply of college grads increase out of porportion to jobs availa ble?  Or am I just sounding like Karl Marx here….