A record number of business schools now decline to share the burdens they have put on students.
Graduating MBAs are shouldering more debt than ever, so much so that a record number of the leading business schools now decline to even share the embarrassing burdens they have put on their students.
Ask the admissions director at MIT’s Sloan School of Management what she thinks of the debt graduates are taking on and you get a non-answer—then an awkward silence. “Students get a life-changing experience here,” insists Dawna Levenson, without volunteering any more information. The average MBA debt last year hit a record $107,172 at Sloan, up 25% in four years from $86,688.