Last week’s Wall Street Journal included a very interesting article about the growth and decline of M.B.A.’s and Master’s degree Business programs within Europe and the United States. According to the studies done by GMAC , (the Graduate Management Admissions Council) the percentage of students attending graduate school for their Masters is directly tied to the economy.  The European economy is struggling at the moment; due to this, the percentage of unemployed people in Europe has risen. This along with the variety of specialized programs that are being offered have caused a major influx in applications for Europe’s one year M.B.A. programs. Online M.B.A. programs also saw an increase in applications this year.    On the other hand in the United States the economy is in better shape than that of Europe’s economy. This has caused our unemployment rate to drop; which is the reason for the lowest percentage of full-time M.B.A. applicants in four years. There is even a dro