Business school deans across the U.S. reported steep drops in international graduate enrollment this fall and warned the decline will persist, according to an Eduvantis Fall 2025 Business School Deans Survey. Two-thirds of the 52 deans said fall enrollments fell below projections and nearly 80% said they are moderately to extremely concerned about spring 2026 and beyond. Respondents cited visa-processing delays, questions about U.S. competitiveness and growing appeal of alternative destinations as drivers of the shift. The survey includes class-profile snapshots from top programs showing notable year-over-year declines and captures dean-level strategic responses—ranging from targeted marketing to program diversification—institutions are deploying to offset lost tuition and research visibility.