According to GMAC, the GMAC has been quoted as a significant obstacle for an advanced management degree in the GMAC’s perennial survey of continuous GMAC with cost, it is probably not surprising that the amount of application is not surprising This year’s increase in this year matches with business programs providing financial assistance to more members. Among his upcoming classes in 2024.
A deep divers in the data have shown that significant growth in applications was mainly inspired by renewed interest in full-time, in-Person Prasad, with an application development reporting in about six out of 10 programs.
For example, full -time two years and one -year MBA programs reported the largest stocks of schools at 80% and 64% respectively in the last decade. About three-fourths accounting and management master programs also reported an increase in the number of applications.
Despite the increased interest in studying in-purses, people with high flexibility also engage in high demand with 58% online programs and 52% hybrid programs. ,
GMAC CEO Joy Jones said, “This year’s record growth indicates applications in a pendulum swing towards graduate vocational education, especially a staple program such as full -time MBA and accounting and management master’s degree,” GMAC CEO Joy Jones Said.
While the event can give evidence to the counter cyclical tendency seen amidst interest in the graduate business school and the power of the economy, I will give a lot of credit to global business schools and to continue innovating with new technologies, new delivery strategy Efforts, and new methods of operation that meet the latest interests and needs of students and their future employers, ”he said.
According to the survey, the increase in total applications can also be attributed to an external increase in domestic applications, which are made from candidates with the same citizenship.
Most MBA programs, regardless of distribution format, benefited from growing domestic applications compared to international people. Similarly, all surveyed business master’s programs experienced a 30% increase in domestic applications, but were diverted into more dependent programs on international talent in international applications – such as business analytics – asked to offset development goes.
According to a global study published by GMAC, the United States remains a top study destination for international talent, which will not adversely affect its study plans with an overwhelming majority of potential students indicating the upcoming presidential election.
At the same time, domestic applications also increased the demand for graduate vocational education in US, Asia and Europe-except for the United Kingdom, which saw a decline of 45% in domestic applications and 12 points in international applications.
“There is no doubt that high -quality educational offerings are increasing in the major markets of Asia, Africa and Latin America, historically the candidates are willing to study more options and opportunities abroad at home,” François Ortallo -Professor of Magne, Management Practice and Executive said. Dean (external relations) at London Business School and members of a GMAC board.
“In this context, it is important for business schools to encourage regional and international mobility and create diverse, multi-cultural colleagues in the premises, knowing that it is a tremendous educational in class, future boardrooms and beyond Brings benefits, “Magnet said.
The survey has revealed that the growing applications from women candidates expect trends towards the right direction.
“Women applications for graduate business programs have hopped 40% in the last 10 years. The survey states that this year’s data has shown some bright places with a small shift up to 42%.
“In addition, 55% of the programs reported an increase in applications from women, jumping a 10-percent point from last year and the second largest part of the reporting programs of increasing application from women in the last decade-for the majority bounce in 2020 , North, in 2020, only for the epidemic boom, ”the survey said.
In particular, the MBA was most likely to see the growth of female applicants, with 70% flakes MBA and about two-thirds of full-time MBA programs experience such development.
“I am excited to see such an increase in applications from women. I opens the value of vocational education and people, especially for women. As more women invest in themselves through vocational education, healthy pipeline becomes for business leadership, and more likely we are closing the gender differences ”Elisa Songster, CEO of Fort, a long time GMAC partner organizations, which aim to build women. Leading in business.
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