Full-time MBA programs worldwide have seen an application volume increase compared with the 2012 figures, according to Graduate Management Admission Council (GMAC) and its latest survey result on global MBA programs, the 2013 Applications Trends Survey.
Key trends from the survey results include:
- more one-year program applications among full-time MBAs in the Asia-Pacific region;
- full-time, two-year MBA programs in the US show an upswing, as 52 percent of programs report application increases over 2012; and
- in Europe, Master in Management programs continue to show strength, as 73 percent of programs report application increases from 2012. Meanwhile, 38 percent of Europe’s full-time one-year MBA programs showed application gains this year, comparable to the 37 percent in last year’s survey that noted growth from the year before.
GMAC’s intelligence also revealed that the main hesitancies expressed by prospective business school students relate to the high cost of tuition fees and how to pay for their education. One in three citizens of Asia Pacific countries expressed uncertainty in the economy or job prospects as a reservation about pursuing business school, much greater than counterparts in the US or Europe, where the figure stood at only 18%.
Paul Arkwright
Publisher
