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Columbia, NYU MBA Applications Plummet

Students in a conference room at Columbia Business School in New York
Students in a conference room at Columbia Business School in New YorkPhotograph by James Leynse/Corbis

The turmoil on Wall Street is causing applications to decline for two MBA programs with close ties to the finance industry.

It’s no secret that Wall Street is hurting. Job cuts have already been announced by Morgan Stanley, Credit Suisse, and UBS, and more are expected at Deutsche Bank, Bank of America, and Goldman Sachs, major MBA employers all.