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Going back to school isn't just for kids any more.
There is more competition among adults applying to the nation's top MBA programs. A survey by the Graduate management mdmission c found that two-thirds of full time MBA programs saw an increase in applications in 2006 that's compared to only 21 percent seeing increases the year before.
Part time and executive MBA programs are also sifting through more applicants. It's not just members of the old boys club who are applying. The survey shows that more women and minorities are looking to advance their careers with an advanced degree.
So why are people applying now?
Some suggest that the increase in applications could be a result of a slowing economy. More people are willing to attend school during a slowdown, hope things will pick up after graduation. Others see it as a career investment. The survey by the same group conducted in May found that the average starting salary for MBA graduates is 92,000 dollars, that's 4.2 percent more than just a year ago.
With the money minute, I'm S ABC news, New York.