Top MBA programs continue to show selective demand shifts: Harvard’s MBA Class of 2027 profile recorded 9,409 applications—a pullback from last year but consistent with pre‑pandemic volume—and maintained a sub‑10% acceptance rate with an enrolled class of 943. Columbia released its class profile as well, reporting record metrics in several academic and diversity measures while noting a continued dip in international enrollment. Deans and career services should note the nuanced trends: application volumes remain high at elite programs, yield rates are strong, and demographics (women, U.S. minorities) are improving at some schools even as international enrollments decline—an effect tied to visa policy changes and geopolitical headwinds. Admissions teams and alumni offices must recalibrate international recruitment, scholarship targeting, and employer relations given shifting student mixes.