byArijit Dutta Study Abroad Content Writer at Collegedunia
Around 18,000 students have shown interest in the GMAT application trends, as shown in the new GMAC survey. The survey shows that more than half of the prospective students affirm that admission exams improve reliability, fairness, and transparency in evaluating the students of B-schools. The annual survey of GMAT application trends shows the current market and the volume of applications from diverse regions. If we consider, the gender diversity, around 30% female and 24% male students apply for GMAT offline exam. The students who are considering business master’s programs show that the journeys of domestic and international candidates vary in the context of pandemic-induced uncertainty. There are nearly 37% of the candidates who were asked about their higher graduate degree in their job interviews. Around 20% applying for higher education felt that they lacked certain knowledge in their professional career. This suggests that business schools need to design data-informed strategies to balance growth in GMAT applications with the quality and diversity of enrolled students.
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GMAT Application Trends
The rate of application changes to GMAT are quite vast and noticeable. GMAT score trends have also reportedly changed in recent years. Given below are some recent and notable GMAT applications trends:
- There is a considerable decline in the number of applications in selective GME programs.
- MBA and graduate business programs has higher application growth rate in their online, evening and weekend programs.
- Women applications has stopped growing across various degree types.
- US programs reported growth in their program’s applications.
Tracking Diversification of Applicants
The report also illustrates the diverse candidate journeys, emphasizing variations by putting forward the study destination (domestic vs. international) and wants program type (MBA vs. business master’s). Given below are the details of candidates who apply for the exam and study for the GMAT exam pattern:
- MBA-Domestic: Candidates want to enroll in an MBA program within their country of citizenship. For instance., an Indian citizen indicating a preference to pursue an MBA program in India.
- MBA-International: Candidates favor enrolling in an MBA program outside their country of citizenship. For instance, an Indian citizen indicating a preference to pursue an MBA program in the US.
- Business Master's-Domestic: Candidates prefer to enroll in a business master’s program within their country of citizenship. E.g., an Indian citizen indicating a preference to pursue a business master’s program in Germany.
- Business Master's-International: Candidates wanting to enroll in a business master’s program outside their country of citizenship. E.g., an Indian citizen indicating a preference to pursue a business master’s program in the US.
Gender-Specific Applicants for GMAT
These days, women are embracing online learning at a higher level than men. Despite the challenges, many female candidates recognized the need to invest in GME for career advantage and started GMAT preparation. Given below are the GMAT applications data in terms of male and female diversity:
| Gender | MBA-Domestic | MBA-International | Business Master’s Domestic | Business Master’s International |
|---|---|---|---|---|
| Female | 60% | 30% | 66% | 43% |
| Male | 52% | 24% | 59% | 38% |
There is a certain percentage of students who strongly disagree that online classes provide the same importance and campus placement is done as the on-campus classes.
| Gender | MBA-Domestic | MBA-International | Business Master’s Domestic | Business Master’s International |
|---|---|---|---|---|
| Female | 17% | 24% | 10% | 20% |
| Male | 24% | 35% | 24% | 29% |
Different Aspirants Pursuing GME
Around 37% of all candidates report that they are prompted to apply for a graduate business degree as they wish to apply for the job, but they lack the appropriate skills to be competitive. Here is a table showing different triggers for pursuing GME by studying for the GMAT syllabus:
| Triggers | Overall | MBA-Domestic | MBA-International | Business Master’s Domestic | Business Master’s International |
|---|---|---|---|---|---|
| I always planned to pursue a graduate business education at this point | 58% | 52% | 61% | 48% | 65% |
| Wanted to apply for a job, but lacked required skill, and/or degree to competitive | 37% | 39% | 33% | 50% | 36% |
| Convenient time to go to school | 30% | 37% | 26% | 35% | 23% |
| I realized I lacked specific knowledge in my current job | 21% | 18% | 24% | 24% | 21% |
| I had the financial resources to apply | 20% | 22% | 18% | 29% | 19% |
Statistics of Candidates
From a survey, it is clear that the number of candidates aspiring for an overseas business degree has decreased a little bit. Whenever you are applying for the programs abroad, remember that your GMAT score validity is for five years only. You will have to take admissions within this time period. The below graphs shows statistics of candidates who apply for the business or MBA programs abroad:
A competitive GMAT score according to the cutoff scores is necessary for admission in the abroad universities. It is recommended to check the application trends of the year of applying. It will help to plan and strategize properly before starting your preparation for GMAT.
FAQs
Ques. Who conducts GMAT in India?
Ques. How many Indians give GMAT every year?
Ques. Does IIM accept GMAT for Indians?
Ques. Is GMAT tougher than CAT?
Ques. What is a good GMAT score for Indians?
Ques. Should a fresher give GMAT?
Ques. Is there negative marking in GMAT?
Ques. What is the right age to give GMAT?
Ques. Is a calculator allowed in GMAT?
Ques. Is it better to guess or leave blank on GMAT?
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College.
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