MBA Business schools across the globe reported to have huge increase in the number of MBA course applications this year, as informed by 2013 application trends survey.
This survey was conducted by the Graduate Management Admission Council (GMAC) who covered admissions to 683 number of graduate management programmes from 328 Business schools.
50% of MBA programmes (two-year, full time) have recorded a rush in number of applications as compared to 43% of last year.
As compared to the last year, this year 52% of full time programme in US observed 20% increased in the receipt of Applications for 2013-2014.
However the increase is overall seen worldwide, yet the picture in Asia-Pacific colleges is opposite to the US. This year there is decline compared to 2012, in the application received by B-schools and Universities of Asia-Pacific region with having just 46% programmes reporting increase in receiving applications this year which was 79% last year.
A majority of full-time one-year MBA programmes in the Asia-Pacific region (53%) continue to report increased volumes; however, this represents a slower rate of growth compared with 2012, when 77% of programmes reported growth.
The scenario of Europe did not see a sharp increase but only 1% as 38% of European MBA programmes (1 year - full-time) observed an increase this year, which was 37% last year.
However, masses are inclined most towards Masters in Management which is driven mainly by foreign applicants. Worldwide, 62 % of Master in Management programmes stated rise in applications from applicants of abroad this year as compared with 40 % of programmes that accounted increase in domestic applications.