We all know there’s a dearth of women earning MBAs in the U.S. — in fact, women accounted for just 36.8 percent of MBA earners during the 2010/2011 school-year, according to Catalyst data, a trend that’s all the more staggering when you consider the rate at which women now outnumber men in college.

With this in mind, it should come as little shock that U.S. business schools aren’t overrun with female deans. But a new report shows there’s a shifting of the tides in business school leadership — and this could mean great things for higher education and women.

You know how when you were in 11th grade the SATs seemed like the worst thing ever? You blamed the Collegeboard for all your anxiety-induced acne and vowed that once you got into college you’d never take a standardized test again. Turns out, you’re all reneging on that promise.

There are more women at top business schools these days — and it’s due in no small part to deliberate recruiting efforts that seek to get more ladies applying. Is that the right way to go about it.

Usually, when the job market faces tough times (as it is now, obviously), business school applications shoot up. But that’s not the case right now. Applications to top business schools are way down, actually. Is what was once seen as the two-year ticket to mogul-dom going out of fashion?