9/30/14 Applications to two-year, full-time Master of Business Administration (MBA) degree programs are on the rise, according to the 2014 edition of the Graduate Management Admission Council’s (GMAC) Application Trends Survey.
GMAC, the nonprofit education organization that owns the Graduate Management Admission Test, saw the number of applicants to MBA degree programs increase for the third consecutive year. However, many other MBA offerings, such as those available part-time or online, also received more applications but no growth, states a GMAC press release.
“For schools, the rise over the last three years in two-year applications is welcome,” Sangeet Chowfla, GMAC’s president and CEO explains in a press release. “This echoes other research that tells us how highly students value their two-year MBA degrees for the personal, professional and financial advantages it conveys. For students, GMAC’s Corporate Recruiters Survey may very well signal a change in hiring from a cost-driven, recession-driven organizational focus, to a growth-driven focus utilizing the skills that MBA programs are designed to develop.”
GMAC’s Corporate Recruiters Survey from May 2014, found that 80% of companies surveyed said they were planning to hire MBA graduates within the year.
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