GMAT use expanding worldwide to wider variety of management programs
| February 20,2012 11:20 am IST
The number of GMAT exams taken around the world in the 2011 testing year reached 258,192, the third-highest level on record, and included a 67 percent increase in tests taken by Asian citizens compared with 2007, the Graduate Management Admission Council announced today. Also driving volume is the increased use of the test for admissions to a growing number of specialized masters programs in areas such as finance, accounting and management.
As the economy continues to emerge from the depths, many undergraduates who cant find jobs are landing in one-year masters programs that dont require work experience but provide specialized skills that companies are seeking, such as finance and accounting, said Dave Wilson, president of the Graduate Management Admission Council. In fact, what we are seeing is that candidates to these specialized programs are younger, less experienced and more likely to be female than the typical MBA candidate.
What we are seeing is that specialized masters programs are appealing to a different segment of the market than MBA programs, said Dave Wilson, president and chief executive office of the Graduate Management Admission Council. Candidates to these specialized programs tend to be younger, less experienced and more likely female than the typical MBA candidate.
The 2011 volumes followed the record testing years of 2009 (265,613) and 2010 (263,979).
In comparing GMAT score-sending patterns over the last five years, the World Geographic Trend Report for GMAT Examinees shows that in the 2010-11 testing year, 55 percent of exams were taken by citizens from countries other than the U.S.
Further illustrating the diversifying globalization of management education, the report also shows that although schools in the U.S. remain the primary destination for nine of the ten citizenship groups studied, all but one (Middle Eastern citizens) sent a lower proportion of their GMAT scores to the U.S. in 2011 compared to 2007.
GMAT examinees sent a total of 750,399 score reports to management programs across the world in 2011, up 14 percent from 2007.