September 21, 2016

US business schools witnessing weaker demand for two-year MBA Program

The global trend for the flagship qualification of the business education sector remained downbeat last year, reveals a research by GMAC. It also revealed a downfall in applications for full time two year MBA courses fell in most US B-Schools last year. 
GMAC - Graduate Management Admission Council is the owner and administrator of the GMAT admission exam.
53% B-Schools in US, running full time MBA courses have reported decline in number of applications received in 2016 while 40% ( most high ranked B-Schools) has seen growth. 
Increasing job insecurity, opportunity to study overseas or online, courses taking lesser duration and in high ranked B-Schools are some of the various reasons behind the shift in attitude of students towards business education. 
Opportunity cost is another reason, suggest experts. Its between, two year program and 1 year program also, online vs. going overseas for studies. 
While there is downfall in 2 year MBA program, 1 year MBA Program has seen a growth of 57%. Also, B-schools of Europe have received more applications than those in US. 



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