The FINANCIAL -- The figures released  by UCAS show that 2012 applications are up slightly on 2010 (by 2.7%)  for business and administrative studies and pretty much identical between 2010 and 2012 across the sector as a whole (-0.1%), according to The Association of Business Schools.

The drop is far less than expected, but nevertheless a concern – 1 in 8 students at undergraduate level choose business and management as a discipline, we must continue to ensure Business and Management is made as attractive as possible to entrants given the new fee regime and visa regulations.

The economic implications could be substantial. A recent study by ABS and Nottingham Economics Centre at Nottingham Business School has found that schools generate £2bn in direct income for the UK economy, though no figures are available specifically for full-time MBA programmes.

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