Crisis? What crisis? Business schools are going to be busier than ever, if all the students who took the GMAT exam actually apply for an MBA programme. The Graduate Management Admission Council or GMAC - a non-profit education organisation of the world’s leading graduate business schools and owner of the GMAT exam, accepted by more than 5,400 graduate business and management programmes worldwide - has announced a total of 286,529 GMAT exams worldwide were taken.
831,337 score reports were sent to 5,281 graduate business and management programmes around the world: these are all historic highs. The 2012 GMAT exam volume was up 11 per cent from the 2011 testing year, and 8 per cent higher than the previous record of 265,613 in 2009.
The key trends reflected in the GMAC's numbers for 2012 are:
- The number of programmes receiving scores was up 7 per cent from 2011 and 21 per cent from 2008. Roughly 560,000 GMAT score reports were sent to MBA and EMBA programmes, and 240,000 scores went to other masters programmes (such as accounting, finance, and management).
- GMAT testing outside of the United States continues to grow quickly. Tests taken by non-US citizens rose 19 per cent in 2012 and represented 59 per cent of global GMAT volume.
- Chinese test takers, the second-largest citizenship group after the US, represented 20 per cent of global testing. In 2012, the number of exams taken by Chinese citizens increased 45 per cent to 58,196 exams.
- Indian citizens, the third-largest citizenship group, took 30,213 GMAT exams, a figure that increased 19 per cent in 2012.
- The percentage of exams taken by women hit 42.9 per cent in 2012—a record for the third straight year.