Prahlad Narasimhan Chari, 30, an Indian citizen, considered applying for an MBA in the US. After getting accepted to a business school in Barcelona, he withdrew his application to an American school.

The thought of going back to business school appeals to those who want to boost their income and advance in their career. However, business school can cost anywhere from $20,000 to $150,000 per year, ...

That’s the average acceptance rate for the elite “M7” business schools. For schools like Harvard Business School, Stanford GSB, and Wharton, this number is a clear reminder of how tough the admissions ...

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